Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $93,498.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the transaction, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Airbnb Trading Up 1.1 %

NASDAQ ABNB traded up $1.73 during trading hours on Thursday, hitting $160.10. 3,924,192 shares of the company’s stock were exchanged, compared to its average volume of 4,624,990. The business’s 50 day moving average is $159.21 and its 200-day moving average is $141.97. The firm has a market capitalization of $103.60 billion, a P/E ratio of 22.23, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. As a group, analysts anticipate that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. B. Riley Financial assumed coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective for the company. Royal Bank of Canada boosted their price objective on Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Mizuho boosted their price objective on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Piper Sandler boosted their price objective on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price target on shares of Airbnb in a report on Friday, March 15th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.58.

Hedge Funds Weigh In On Airbnb

Large investors have recently modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of Airbnb in the 4th quarter worth about $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the 3rd quarter worth about $27,000. Bfsg LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at about $27,000. Trust Co. of Vermont purchased a new stake in shares of Airbnb during the 4th quarter valued at about $27,000. Finally, West Tower Group LLC raised its holdings in shares of Airbnb by 747.8% during the 4th quarter. West Tower Group LLC now owns 195 shares of the company’s stock valued at $27,000 after buying an additional 172 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Company Profile

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.