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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $161.02, for a total transaction of $96,612.00. Following the sale, the chief technology officer now directly owns 220,504 shares of the company’s stock, valued at approximately $35,505,554.08. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Airbnb Stock Performance

NASDAQ ABNB traded up $2.17 during trading hours on Thursday, hitting $158.33. The company had a trading volume of 4,777,147 shares, compared to its average volume of 4,461,186. Airbnb, Inc. has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $160.98 and a 200-day simple moving average of $144.18. The firm has a market cap of $102.45 billion, a P/E ratio of 21.77, a price-to-earnings-growth ratio of 2.11 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Equities analysts predict that Airbnb, Inc. will post 4.47 EPS for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent research reports. Piper Sandler increased their price objective on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Royal Bank of Canada increased their price objective on shares of Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 14th. DA Davidson reaffirmed a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research report on Friday, March 15th. B. Riley initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Finally, JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $149.19.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. CVA Family Office LLC acquired a new position in shares of Airbnb during the fourth quarter valued at $26,000. Orion Capital Management LLC acquired a new position in Airbnb during the third quarter worth about $27,000. Bfsg LLC acquired a new position in Airbnb during the fourth quarter worth about $27,000. Trust Co. of Vermont acquired a new position in Airbnb during the fourth quarter worth about $27,000. Finally, Vima LLC acquired a new position in Airbnb during the fourth quarter worth about $29,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.