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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $145.71, for a total value of $87,426.00. Following the transaction, the chief technology officer now directly owns 212,374 shares of the company’s stock, valued at approximately $30,945,015.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Airbnb Trading Down 1.0 %

NASDAQ:ABNB opened at $142.71 on Thursday. Airbnb, Inc. has a 52 week low of $103.74 and a 52 week high of $170.10. The firm has a 50-day moving average price of $158.48 and a two-hundred day moving average price of $147.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $91.91 billion, a price-to-earnings ratio of 19.10, a price-to-earnings-growth ratio of 1.78 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their target price on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Thursday, May 9th. Piper Sandler reiterated a “neutral” rating and set a $155.00 price target (up from $145.00) on shares of Airbnb in a report on Thursday, May 9th. HSBC downgraded Airbnb from a “buy” rating to a “hold” rating and cut their price objective for the company from $160.00 to $156.00 in a report on Thursday, May 9th. Finally, Barclays increased their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Monday, January 29th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus price target of $152.13.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. BigSur Wealth Management LLC boosted its position in Airbnb by 33.0% during the first quarter. BigSur Wealth Management LLC now owns 31,561 shares of the company’s stock worth $5,206,000 after purchasing an additional 7,830 shares during the period. Atria Investments Inc grew its stake in Airbnb by 1.8% in the 1st quarter. Atria Investments Inc now owns 46,856 shares of the company’s stock valued at $7,729,000 after buying an additional 847 shares in the last quarter. Swedbank AB bought a new stake in Airbnb during the 1st quarter valued at $175,496,000. LRI Investments LLC purchased a new stake in shares of Airbnb during the first quarter worth $247,000. Finally, Plato Investment Management Ltd boosted its holdings in shares of Airbnb by 845.6% in the first quarter. Plato Investment Management Ltd now owns 13,135 shares of the company’s stock worth $2,167,000 after acquiring an additional 11,746 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.