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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $135.47, for a total transaction of $94,829.00. Following the completion of the transaction, the chief technology officer now directly owns 183,314 shares in the company, valued at approximately $24,833,547.58. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Airbnb Trading Up 0.6 %

Shares of ABNB stock traded up $0.74 during trading hours on Thursday, reaching $133.24. 3,892,464 shares of the stock traded hands, compared to its average volume of 3,887,100. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The business has a fifty day moving average price of $134.10 and a 200 day moving average price of $131.55. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $84.47 billion, a PE ratio of 46.75, a PEG ratio of 1.81 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the firm earned $2.39 EPS. On average, equities research analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, November 8th. Wells Fargo & Company lowered their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, Citigroup boosted their price objective on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $139.63.

Institutional Investors Weigh In On Airbnb

Large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airbnb during the 3rd quarter worth $34,982,000. Tri Ri Asset Management Corp acquired a new position in shares of Airbnb during the 3rd quarter worth $6,352,000. J.W. Cole Advisors Inc. increased its stake in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after purchasing an additional 2,132 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares during the last quarter. Finally, Shellback Capital LP acquired a new position in shares of Airbnb during the 2nd quarter worth $22,744,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.