Aristotle Balogh Sells 650 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle Balogh sold 650 shares of Airbnb stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $120.92, for a total transaction of $78,598.00. Following the sale, the chief technology officer directly owned 187,036 shares in the company, valued at approximately $22,616,393.12. The trade was a 0.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Airbnb Price Performance

ABNB traded up $3.38 during trading hours on Tuesday, reaching $125.39. The company’s stock had a trading volume of 3,608,556 shares, compared to its average volume of 5,160,635. The stock has a market cap of $77.18 billion, a PE ratio of 29.78, a P/E/G ratio of 2.19 and a beta of 1.11. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The business’s 50-day moving average is $121.51 and its 200-day moving average is $127.41.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the firm earned $2.13 EPS. Airbnb’s revenue for the quarter was up 9.9% compared to the same quarter last year. Analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial boosted their price objective on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday, December 4th. Wedbush restated a “neutral” rating and issued a $130.00 price objective on shares of Airbnb in a report on Friday, November 7th. Mizuho set a $156.00 price objective on shares of Airbnb in a research report on Friday, November 7th. KeyCorp started coverage on Airbnb in a research report on Thursday, October 23rd. They issued a “sector weight” rating on the stock. Finally, BNP Paribas assumed coverage on Airbnb in a research note on Monday, November 24th. They set a “hold” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $143.88.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Kentucky Trust Co purchased a new stake in Airbnb during the 2nd quarter worth about $25,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb during the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Sunbelt Securities Inc. boosted its holdings in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in Airbnb in the third quarter valued at approximately $27,000. 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.