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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction 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 owns 170,719 shares in the company, valued at approximately $22,116,646.45. This represents a 0.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Airbnb Stock Performance

NASDAQ:ABNB opened at $125.65 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $167.38. The business has a 50 day moving average price of $135.58 and a 200-day moving average price of $133.55. The firm has a market cap of $79.23 billion, a PE ratio of 30.42, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

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

Institutional Trading of Airbnb

Large investors have recently modified their holdings of the business. Norges Bank purchased a new stake in Airbnb in the 4th quarter worth approximately $433,374,000. Clearbridge Investments LLC lifted its stake in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the period. Two Sigma Advisers LP boosted its holdings in Airbnb by 512.0% in the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after acquiring an additional 2,577,000 shares in the last quarter. Meritage Group LP purchased a new position in Airbnb during the 3rd quarter valued at $160,985,000. Finally, Principal Financial Group Inc. raised its holdings in Airbnb by 174.3% in the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after purchasing an additional 1,185,892 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent research reports. Argus raised Airbnb from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. DA Davidson raised their price objective on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research note on Thursday, January 16th. Finally, Tigress Financial boosted their price target on shares of Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a research report on Friday, March 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $147.36.

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.