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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the sale, the chief technology officer now owns 182,614 shares in the company, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Airbnb Price Performance

Airbnb stock opened at $131.79 on Friday. The stock has a market cap of $83.55 billion, a P/E ratio of 46.24, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a fifty day simple moving average of $133.81 and a 200-day simple moving average of $130.89. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the firm posted $2.39 EPS. Equities analysts expect that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the company. Verde Capital Management lifted its stake in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Airbnb during the third quarter worth approximately $34,982,000. Tri Ri Asset Management Corp acquired a new stake in shares of Airbnb during the third quarter worth $6,352,000. J.W. Cole Advisors Inc. boosted its stake in Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after purchasing an additional 197,558 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on ABNB. Piper Sandler raised their target price on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. DA Davidson upped their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Benchmark reaffirmed a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Jefferies Financial Group raised their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, UBS Group lifted their target price on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $139.63.

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.