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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $152.92, for a total transaction of $91,752.00. Following the completion of the sale, the chief technology officer now directly owns 208,174 shares of the company’s stock, valued at $31,833,968.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Airbnb Stock Performance

NASDAQ:ABNB opened at $146.78 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm has a 50-day moving average price of $148.64 and a 200 day moving average price of $151.43. The firm has a market capitalization of $94.53 billion, a PE ratio of 19.65, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. Airbnb, Inc. has a 12-month low of $113.24 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results 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. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the firm posted $0.18 EPS. Airbnb’s quarterly revenue was up 17.8% compared to the same quarter last year. Research analysts anticipate that Airbnb, Inc. will post 4.65 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently made changes to their positions in the company. CHURCHILL MANAGEMENT Corp acquired a new position in Airbnb in the first quarter valued at about $7,628,000. Compagnie Lombard Odier SCmA grew its position in Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after acquiring an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the last quarter. Rafferty Asset Management LLC boosted its stake in Airbnb by 18.4% in the fourth quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock worth $19,720,000 after purchasing an additional 22,551 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of Airbnb by 27.5% during the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after purchasing an additional 273,191 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of several analyst reports. B. Riley initiated coverage on shares of Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. Truist Financial upped their price target on Airbnb from $131.00 to $134.00 and gave the stock a “hold” rating in a research note on Thursday, May 30th. Wells Fargo & Company raised their price objective on Airbnb from $127.00 to $129.00 and gave the company an “underweight” rating in a research note on Tuesday. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and upped their target price for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. Finally, BMO Capital Markets lifted their price target on shares of Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a research report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $152.44.

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.