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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total transaction of $80,106.00. Following the sale, the chief technology officer now directly owns 193,444 shares of the company’s stock, valued at $25,826,708.44. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Airbnb Price Performance

Shares of ABNB opened at $136.45 on Friday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm’s 50 day moving average price is $123.17 and its 200 day moving average price is $140.08. The company has a market cap of $87.88 billion, a P/E ratio of 18.27, a PEG ratio of 1.83 and a beta of 1.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the previous year, the company earned $0.98 earnings per share. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. On average, research analysts forecast that Airbnb, Inc. will post 4.33 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in the business. EP Wealth Advisors LLC increased its position in shares of Airbnb by 8.7% in the 4th quarter. EP Wealth Advisors LLC now owns 2,000 shares of the company’s stock valued at $272,000 after purchasing an additional 160 shares during the last quarter. SageView Advisory Group LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $421,000. Trust Co. of Vermont purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $27,000. GAMMA Investing LLC increased its position in shares of Airbnb by 49.4% in the 1st quarter. GAMMA Investing LLC now owns 1,861 shares of the company’s stock valued at $307,000 after purchasing an additional 615 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of Airbnb by 29.7% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 794 shares of the company’s stock valued at $131,000 after purchasing an additional 182 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Barclays cut their price target on Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Sanford C. Bernstein lowered their price objective on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Finally, TD Cowen lowered their price target on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $134.55.

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.