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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $151.29, for a total value of $90,774.00. Following the completion of the transaction, the chief technology officer now owns 208,774 shares in the company, valued at $31,585,418.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Airbnb Price Performance

ABNB stock opened at $152.73 on Friday. The stock has a 50-day moving average price of $149.79 and a two-hundred day moving average price of $151.13. Airbnb, Inc. has a 12-month low of $113.24 and a 12-month high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $98.36 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.91 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.14 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. As a group, research analysts predict that Airbnb, Inc. will post 4.65 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research note on Thursday, May 9th. Piper Sandler restated a “neutral” rating and issued a $155.00 price target (up from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and lifted their price target for the company from $150.00 to $200.00 in a research note on Wednesday, April 24th. Benchmark began coverage on Airbnb in a research note on Thursday, April 11th. They issued a “buy” rating and a $190.00 price target on the stock. Finally, UBS Group lifted their price target on Airbnb from $143.00 to $157.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Four analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $152.38.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently modified their holdings of the stock. Joel Isaacson & Co. LLC boosted its holdings in Airbnb by 2.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock valued at $493,000 after purchasing an additional 67 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in Airbnb by 0.7% in the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after purchasing an additional 68 shares during the last quarter. Cigna Investments Inc. New boosted its holdings in Airbnb by 1.6% in the first quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock valued at $729,000 after purchasing an additional 69 shares during the last quarter. Heritage Wealth Advisors boosted its holdings in Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares during the last quarter. Finally, Mount Vernon Associates Inc. MD boosted its holdings in Airbnb by 1.0% in the fourth quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company’s stock valued at $990,000 after purchasing an additional 75 shares during the last quarter. 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.