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 business’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of $129.82, for a total value of $90,874.00. Following the completion of the sale, the chief technology officer now owns 184,014 shares of the company’s stock, valued at approximately $23,888,697.48. This trade represents a 0.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Airbnb Stock Up 2.2 %

Shares of ABNB opened at $135.12 on Friday. The company has a market capitalization of $85.66 billion, a PE ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. The stock’s 50-day moving average price is $134.15 and its two-hundred day moving average price is $132.22. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the firm earned $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in Airbnb during the third quarter worth $25,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter worth about $30,000. Quarry LP acquired a new position in shares of Airbnb in the 3rd quarter valued at about $55,000. Finally, CVA Family Office LLC lifted its stake in shares of Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock valued at $60,000 after purchasing an additional 269 shares during the period. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

ABNB has been the subject of a number of recent analyst reports. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Bank of America upped their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Wells Fargo & Company cut their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday. Finally, Morgan Stanley lifted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $139.63.

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.