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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $123.28, for a total value of $86,296.00. Following the completion of the transaction, the chief technology officer now directly owns 221,422 shares in the company, valued at approximately $27,296,904.16. This represents a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $125.26 on Friday. The firm has a fifty day simple moving average of $123.16 and a two-hundred day simple moving average of $131.58. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $165.50. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $78.98 billion, a P/E ratio of 30.33, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. On average, analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on ABNB shares. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada decreased their target price on Airbnb from $160.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday. Cantor Fitzgerald cut their price target on Airbnb from $101.00 to $100.00 and set an “underweight” rating for the company in a report on Friday. Finally, DA Davidson raised Airbnb from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $170.00 to $155.00 in a research note on Wednesday. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $143.97.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at $26,000. Park Square Financial Group LLC bought a new position in shares of Airbnb in the fourth quarter worth about $26,000. Orion Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth about $28,000. Finally, Stonebridge Financial Group LLC lifted its holdings in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after buying an additional 106 shares in the last quarter. 80.76% of the stock is 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.