Aristotle N. Balogh Sells 700 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the transaction, the chief technology officer now owns 184,714 shares in the company, valued at $25,001,039.90. The trade was a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Airbnb Stock Down 0.9 %

ABNB stock opened at $129.63 on Friday. The stock has a market cap of $82.18 billion, a PE ratio of 45.48, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The firm’s 50-day simple moving average is $134.98 and its 200 day simple moving average is $132.80. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the firm posted $2.39 EPS. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.99 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Savant Capital LLC raised its position in shares of Airbnb by 658.1% during the 2nd quarter. Savant Capital LLC now owns 9,560 shares of the company’s stock worth $1,450,000 after buying an additional 8,299 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in Airbnb by 200.5% during the 2nd quarter. Los Angeles Capital Management LLC now owns 6,502 shares of the company’s stock valued at $986,000 after purchasing an additional 4,338 shares in the last quarter. Caprock Group LLC increased its position in shares of Airbnb by 46.4% during the 2nd quarter. Caprock Group LLC now owns 8,879 shares of the company’s stock valued at $1,346,000 after purchasing an additional 2,815 shares during the period. Choreo LLC raised its stake in shares of Airbnb by 658.0% in the 2nd quarter. Choreo LLC now owns 11,112 shares of the company’s stock worth $1,685,000 after buying an additional 9,646 shares in the last quarter. Finally, Royal London Asset Management Ltd. lifted its holdings in shares of Airbnb by 5.5% in the second quarter. Royal London Asset Management Ltd. now owns 233,584 shares of the company’s stock valued at $35,418,000 after buying an additional 12,143 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ABNB. Sanford C. Bernstein reduced 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. Wedbush upped their price target on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. TD Cowen increased their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, November 8th. UBS Group upped their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Bank of America lifted their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Six research 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. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.48.

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.