Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $88,782.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, June 11th. The shares were sold at an average price of $147.97, for a total value of $88,782.00. Following the transaction, the chief technology officer now owns 210,574 shares of the company’s stock, valued at approximately $31,158,634.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Airbnb Stock Down 0.1 %

Shares of NASDAQ:ABNB opened at $145.97 on Friday. Airbnb, Inc. has a 52 week low of $113.24 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $94.01 billion, a PE ratio of 19.54, a price-to-earnings-growth ratio of 1.80 and a beta of 1.18. The firm has a 50 day simple moving average of $152.42 and a 200 day simple moving average of $150.00.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. Airbnb’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, research analysts expect that Airbnb, Inc. will post 4.67 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ABNB shares. Benchmark initiated coverage on shares of Airbnb in a report on Thursday, April 11th. They set a “buy” rating and a $190.00 price target for the company. Wells Fargo & Company boosted their target price on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research note on Monday, April 1st. Wedbush upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the company from $160.00 to $165.00 in a research note on Tuesday, May 28th. TD Cowen reduced their price objective on Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, HSBC cut Airbnb from a “buy” rating to a “hold” rating and lowered their target price for the company from $160.00 to $156.00 in a research report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $152.38.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC purchased a new position in shares of Airbnb during the 1st quarter valued at $25,000. CVA Family Office LLC purchased a new position in Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the 3rd quarter worth about $27,000. Bfsg LLC purchased a new stake in shares of Airbnb during the 4th quarter worth about $27,000. Finally, Trust Co. of Vermont acquired a new stake in shares of Airbnb during the 4th quarter valued at about $27,000. 80.76% of the stock is 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.