Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 600 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the sale, the chief technology officer now directly owns 222,304 shares of the company’s stock, valued at $35,913,211.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Stock Performance

Shares of ABNB stock opened at $159.37 on Friday. The stock has a market capitalization of $103.12 billion, a P/E ratio of 22.01, a PEG ratio of 2.05 and a beta of 1.25. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $158.53 and its 200 day moving average is $141.46. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.63 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Wellesley Asset Management bought a new position in Airbnb in the 1st quarter valued at $121,000. CVA Family Office LLC bought a new position in Airbnb in the 4th quarter valued at $26,000. West Tower Group LLC boosted its holdings in Airbnb by 747.8% in the 4th quarter. West Tower Group LLC now owns 195 shares of the company’s stock valued at $27,000 after purchasing an additional 172 shares during the period. Trust Co. of Vermont bought a new position in Airbnb in the 4th quarter valued at $27,000. Finally, Orion Capital Management LLC bought a new position in Airbnb in the 3rd quarter valued at $27,000. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Airbnb from $118.00 to $140.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 14th. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price objective (up from $150.00) on shares of Airbnb in a research report on Wednesday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Thursday. Bank of America upped their price objective on shares of Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a research report on Thursday, March 14th. Finally, Royal Bank of Canada upped their price objective on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $147.58.

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.