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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $112.59, for a total value of $78,813.00. Following the completion of the transaction, the chief technology officer now owns 222,122 shares in the company, valued at approximately $25,008,715.98. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Airbnb Stock Up 2.9 %

ABNB stock opened at $121.71 on Friday. The firm has a market capitalization of $76.74 billion, a PE ratio of 29.47, a P/E/G ratio of 3.52 and a beta of 1.15. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $165.50. The stock’s 50 day moving average is $126.43 and its 200-day moving average is $132.00.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Verde Capital Management lifted its position in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after buying an additional 4,269 shares in the last quarter. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the third quarter valued at approximately $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its holdings in Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after acquiring an additional 6,357 shares during the period. Assenagon Asset Management S.A. boosted its position in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares during the last quarter. Finally, Sarasin & Partners LLP bought a new position in Airbnb in the 4th quarter valued at $2,272,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Evercore ISI lifted their target price on Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Barclays raised their target price on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Wedbush restated an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus target price of $146.94.

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.