Aristotle N. Balogh Sells 600 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $161.02, for a total transaction of $96,612.00. Following the sale, the chief technology officer now owns 220,504 shares of the company’s stock, valued at $35,505,554.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Stock Up 1.4 %

Shares of NASDAQ:ABNB traded up $2.17 during trading on Thursday, hitting $158.33. 4,777,147 shares of the company were exchanged, compared to its average volume of 4,461,186. The stock has a market capitalization of $102.45 billion, a P/E ratio of 21.77, a PEG ratio of 2.11 and a beta of 1.24. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The firm’s 50 day moving average price is $160.98 and its 200-day moving average price is $144.18.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. On average, research analysts predict that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent analyst reports. Piper Sandler lifted their price target on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. UBS Group dropped their price target on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Susquehanna lifted their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, February 14th. B. Riley Financial initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target for the company. Finally, Royal Bank of Canada lifted their price target on shares of Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $149.19.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently modified their holdings of the business. CVA Family Office LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $27,000. Bfsg LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $27,000. Trust Co. of Vermont acquired a new position in shares of Airbnb in the 4th quarter valued at $27,000. Finally, Vima LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $29,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.