Insider Selling: Airbnb (NASDAQ:ABNB) CTO Sells $83,804.50 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle Balogh sold 650 shares of the business’s stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $128.93, for a total transaction of $83,804.50. Following the completion of the sale, the chief technology officer directly owned 169,511 shares in the company, valued at approximately $21,855,053.23. This trade represents a 0.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Airbnb Stock Up 0.2%

Shares of NASDAQ:ABNB traded up $0.20 during midday trading on Tuesday, reaching $132.01. 4,390,542 shares of the company traded hands, compared to its average volume of 5,150,190. The firm’s fifty day moving average price is $122.22 and its two-hundred day moving average price is $127.42. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 2.26 and a beta of 1.11. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

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

Analyst Ratings Changes

A number of equities analysts recently commented on ABNB shares. BNP Paribas Exane initiated coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. Jefferies Financial Group lifted their price objective on Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Mizuho set a $156.00 target price on Airbnb in a research note on Friday, November 7th. Wedbush restated a “neutral” rating and set a $130.00 target price on shares of Airbnb in a report on Friday, November 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $165.00 price target on shares of Airbnb in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $143.88.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Keel Point LLC grew its stake in Airbnb by 6.3% in the third quarter. Keel Point LLC now owns 1,904 shares of the company’s stock worth $231,000 after purchasing an additional 112 shares during the period. FNY Investment Advisers LLC purchased a new position in Airbnb during the third quarter valued at $182,000. Allworth Financial LP boosted its holdings in shares of Airbnb by 57.1% during the 3rd quarter. Allworth Financial LP now owns 5,856 shares of the company’s stock valued at $711,000 after buying an additional 2,129 shares in the last quarter. IFP Advisors Inc grew its position in shares of Airbnb by 21.5% in the 3rd quarter. IFP Advisors Inc now owns 2,914 shares of the company’s stock worth $354,000 after buying an additional 516 shares during the period. Finally, Investment Research Partners LLC purchased a new stake in shares of Airbnb in the 3rd quarter worth about $252,000. 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.