Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $101,507.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $145.01, for a total transaction of $101,507.00. Following the sale, the chief technology officer now directly owns 173,519 shares of the company’s stock, valued at $25,161,990.19. This represents a 0.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Stock Performance

Shares of ABNB stock opened at $138.87 on Friday. The business’s 50 day simple moving average is $136.52 and its 200 day simple moving average is $131.91. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market capitalization of $87.56 billion, a PE ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. As a group, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of ABNB. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Airbnb by 24.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 2,530 shares of the company’s stock worth $321,000 after buying an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Airbnb by 20.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,770 shares of the company’s stock worth $3,648,000 after buying an additional 4,864 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares in the last quarter. Pallas Capital Advisors LLC boosted its holdings in shares of Airbnb by 48.3% during the 3rd quarter. Pallas Capital Advisors LLC now owns 13,222 shares of the company’s stock worth $1,755,000 after buying an additional 4,305 shares in the last quarter. Finally, abrdn plc lifted its holdings in shares of Airbnb by 15.4% in the 3rd quarter. abrdn plc now owns 175,182 shares of the company’s stock worth $22,245,000 after purchasing an additional 23,428 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ABNB shares. Wedbush reaffirmed an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. UBS Group boosted their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Truist Financial lowered their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Finally, Citigroup boosted their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average price target of $146.48.

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.