Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $76,410.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $127.35, for a total transaction of $76,410.00. Following the completion of the transaction, the chief technology officer now owns 194,644 shares in the company, valued at approximately $24,787,913.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Airbnb Price Performance

Shares of Airbnb stock opened at $129.85 on Friday. The firm has a market capitalization of $83.63 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The business’s 50-day moving average price is $121.96 and its 200-day moving average price is $142.28.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 4.39 EPS for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently made changes to their positions in the business. Red Spruce Capital LLC boosted its position in Airbnb by 16.1% during the third quarter. Red Spruce Capital LLC now owns 20,336 shares of the company’s stock valued at $2,579,000 after buying an additional 2,818 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Airbnb by 3.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 141,129 shares of the company’s stock valued at $17,897,000 after acquiring an additional 5,119 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Airbnb by 39.2% during the 3rd quarter. SG Americas Securities LLC now owns 31,125 shares of the company’s stock valued at $3,947,000 after acquiring an additional 8,762 shares during the period. Czech National Bank grew its position in Airbnb by 6.5% during the 3rd quarter. Czech National Bank now owns 89,633 shares of the company’s stock worth $11,366,000 after acquiring an additional 5,501 shares during the last quarter. Finally, Cascade Investment Advisors Inc. purchased a new position in Airbnb in the 3rd quarter worth approximately $1,230,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays dropped their price objective on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. TD Cowen dropped their price target on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Jefferies Financial Group dropped their price objective on shares of Airbnb from $125.00 to $120.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Susquehanna reduced their target price on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $134.16.

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.