Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $94,344.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the sale, the chief technology officer now directly owns 221,104 shares of the company’s stock, valued at $34,766,392.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Airbnb Stock Up 0.7 %

ABNB opened at $164.23 on Friday. The business’s fifty day simple moving average is $160.44 and its 200 day simple moving average is $143.51. Airbnb, Inc. has a 52 week low of $103.55 and a 52 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 stock has a market cap of $106.27 billion, a PE ratio of 22.68, a P/E/G ratio of 2.17 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm 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%. As a group, research analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ABNB. DA Davidson restated a “neutral” rating and set a $145.00 price target on shares of Airbnb in a research report on Friday, March 15th. B. Riley Financial started coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th. Benchmark initiated coverage on Airbnb in a report on Thursday, April 11th. They set a “buy” rating and a $190.00 price objective for the company. Finally, Tigress Financial boosted their target price on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Four analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $149.19.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ABNB. Vanguard Group Inc. raised its position in Airbnb by 43.0% in the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the period. Edgewood Management LLC increased its holdings 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. Norges Bank bought a new stake in shares of Airbnb in the 4th quarter valued at about $619,584,000. Northern Trust Corp boosted its holdings in Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after acquiring an additional 1,276,456 shares during the period. Finally, Legal & General Group Plc grew its position in Airbnb by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 2,568,807 shares of the company’s stock worth $352,466,000 after acquiring an additional 121,651 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.