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 dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $72,000.00. Following the sale, the chief technology officer now owns 195,844 shares of the company’s stock, valued at $23,501,280. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Stock Performance

ABNB traded up $6.33 during trading on Thursday, reaching $128.75. The company’s stock had a trading volume of 7,685,798 shares, compared to its average volume of 4,546,072. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company’s fifty day moving average price is $126.26 and its 200-day moving average price is $145.03. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a market capitalization of $82.92 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the business earned $0.98 EPS. On average, equities analysts forecast that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on ABNB shares. Mizuho dropped their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Argus cut Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Barclays dropped their price objective on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group reduced their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $134.17.

Institutional Trading of Airbnb

Institutional investors have recently bought and sold shares of the company. Lazari Capital Management Inc. raised its stake in shares of Airbnb by 3.6% during the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after buying an additional 88 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in Airbnb during the 2nd quarter valued at about $7,342,000. New Century Financial Group LLC acquired a new position in Airbnb during the second quarter worth about $238,000. Aristides Capital LLC raised its position in Airbnb by 11.2% during the second quarter. Aristides Capital LLC now owns 9,950 shares of the company’s stock worth $1,509,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Garde Capital Inc. lifted its holdings in shares of Airbnb by 903.7% in the second quarter. Garde Capital Inc. now owns 7,287 shares of the company’s stock valued at $1,105,000 after purchasing an additional 6,561 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.