Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 700 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $126.00, for a total transaction of $88,200.00. Following the completion of the sale, the chief technology officer now owns 171,419 shares of the company’s stock, valued at $21,598,794. This trade represents a 0.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Airbnb Price Performance

Shares of ABNB opened at $128.80 on Friday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.00. The company has a market capitalization of $81.21 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The firm has a 50-day simple moving average of $135.72 and a 200-day simple moving average of $133.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ABNB. DA Davidson lifted their price objective on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Canaccord Genuity Group lifted their target price on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Finally, Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $147.82.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of ABNB. OneDigital Investment Advisors LLC lifted its stake in shares of Airbnb by 6.8% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock worth $282,000 after acquiring an additional 142 shares during the period. Quest Partners LLC raised its holdings in Airbnb by 3,643.9% during the third quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock worth $271,000 after purchasing an additional 2,077 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its position in Airbnb by 9.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $509,000 after purchasing an additional 345 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in Airbnb in the 3rd quarter valued at approximately $4,587,000. Finally, Parnassus Investments LLC increased its position in Airbnb by 67.2% during the 3rd quarter. Parnassus Investments LLC now owns 7,781 shares of the company’s stock worth $987,000 after purchasing an additional 3,127 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.