Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $90,685.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $129.55, for a total value of $90,685.00. Following the sale, the chief technology officer now directly owns 170,719 shares in the company, valued at $22,116,646.45. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Airbnb Stock Down 3.9 %

Shares of NASDAQ ABNB opened at $120.69 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a 50-day moving average price of $135.29 and a 200-day moving average price of $133.71. The stock has a market capitalization of $76.10 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ABNB shares. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Tigress Financial upped their price target on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 14th. UBS Group lifted their price objective on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Morgan Stanley upped their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $147.36.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth $25,000. Berbice Capital Management LLC bought a new stake in Airbnb in the 4th quarter worth about $26,000. Park Square Financial Group LLC purchased a new stake in Airbnb in the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the fourth quarter worth $28,000. Finally, Graney & King LLC purchased a new stake in Airbnb during the fourth quarter worth about $32,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.