Aristotle N. Balogh Sells 20,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 20,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the completion of the sale, the chief technology officer now owns 185,414 shares of the company’s stock, valued at approximately $24,450,544.18. This trade represents a 9.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Airbnb Trading Down 0.4 %

Shares of NASDAQ ABNB traded down $0.51 during mid-day trading on Monday, hitting $135.20. The company’s stock had a trading volume of 4,173,447 shares, compared to its average volume of 3,449,097. The company’s fifty day simple moving average is $135.46 and its 200-day simple moving average is $133.18. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $85.71 billion, a price-to-earnings ratio of 47.44, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $2.39 earnings per share. On average, sell-side analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research analyst reports. Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price target on shares of Airbnb in a report on Monday, October 7th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Susquehanna upped their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, Citigroup increased their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $139.48.

Institutional Investors Weigh In On Airbnb

Several large investors have recently made changes to their positions in ABNB. Edgewood Management LLC raised its position in Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after acquiring an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC grew its holdings in Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares during the period. Pacer Advisors Inc. increased its position in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares during the last quarter. Legal & General Group Plc raised its stake in Airbnb by 4.7% in the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Airbnb by 2.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after buying an additional 52,358 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.