Aristotle Balogh Sells 600 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle Balogh sold 600 shares of the company’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $121.38, for a total value of $72,828.00. Following the sale, the chief technology officer directly owned 194,806 shares of the company’s stock, valued at approximately $23,645,552.28. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Trading Down 1.9%

Shares of ABNB opened at $115.42 on Wednesday. The business’s 50-day moving average price is $123.09 and its 200 day moving average price is $128.70. The stock has a market capitalization of $71.05 billion, a P/E ratio of 27.42, a P/E/G ratio of 2.07 and a beta of 1.11. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. Airbnb’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. On average, research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently modified their holdings of the stock. Kentucky Trust Co purchased a new position in Airbnb in the second quarter valued at about $25,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the last quarter. Wiser Advisor Group LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at about $27,000. Finally, Concord Wealth Partners bought a new stake in shares of Airbnb in the 2nd quarter valued at approximately $28,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent analyst reports. UBS Group lifted their price objective on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Morgan Stanley reduced their target price on Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a report on Thursday, August 7th. Citizens Jmp upgraded Airbnb to a “hold” rating in a report on Monday, August 11th. BMO Capital Markets set a $124.00 price target on Airbnb and gave the company a “market perform” rating in a research report on Thursday, August 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 price objective on shares of Airbnb in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $143.31.

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.