Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 600 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the sale, the chief technology officer now directly owns 221,704 shares in the company, valued at $34,548,134.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Airbnb Stock Down 3.2 %

ABNB stock opened at $155.01 on Friday. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The business’s 50-day moving average is $159.55 and its two-hundred day moving average is $142.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The company has a market cap of $100.30 billion, a price-to-earnings ratio of 21.41, a P/E/G ratio of 2.03 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. As a group, analysts forecast that Airbnb, Inc. will post 4.63 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Airbnb by 43.0% in the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after buying an additional 10,301,746 shares during the period. Norges Bank bought a new position in shares of Airbnb in the fourth quarter worth about $619,584,000. Edgewood Management LLC raised its stake in shares of Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after buying an additional 2,135,529 shares during the period. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Airbnb in the third quarter worth about $235,338,000. Finally, Northern Trust Corp raised its stake in shares of Airbnb by 41.3% in the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after buying an additional 1,276,456 shares during the period. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Piper Sandler upped their price target on Airbnb from $136.00 to $145.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. Wells Fargo & Company upped their price target on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research note on Monday, April 1st. BMO Capital Markets upped their price target on Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 14th. B. Riley assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target on the stock. Finally, Mizuho upped their price target on Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 17th. Four 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $147.58.

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.