Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $89,382.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total transaction of $89,382.00. Following the sale, the chief technology officer now directly owns 209,374 shares of the company’s stock, valued at $31,190,444.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $151.63 on Friday. The firm’s 50 day simple moving average is $150.43 and its 200-day simple moving average is $150.98. Airbnb, Inc. has a 12 month low of $113.24 and a 12 month high of $170.10. The stock has a market capitalization of $97.66 billion, a price-to-earnings ratio of 20.30, a PEG ratio of 1.88 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company earned $0.18 EPS. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. Analysts expect that Airbnb, Inc. will post 4.65 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently added to or reduced their stakes in the stock. CHURCHILL MANAGEMENT Corp acquired a new stake in Airbnb in the 1st quarter valued at $7,628,000. Compagnie Lombard Odier SCmA boosted its stake in Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after purchasing an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Airbnb by 4.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after purchasing an additional 333 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in Airbnb by 18.4% during the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock worth $19,720,000 after purchasing an additional 22,551 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in Airbnb by 27.5% during the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after purchasing an additional 273,191 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on ABNB shares. B. Riley started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $160.00 to $165.00 in a research report on Tuesday, May 28th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research report on Thursday, May 9th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $152.38.

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.