Aristotle N. Balogh Sells 20,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $131.87, for a total value of $2,637,400.00. Following the sale, the chief technology officer now owns 185,414 shares in the company, valued at approximately $24,450,544.18. The trade was a 9.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Airbnb Trading Down 0.4 %

Shares of Airbnb stock opened at $135.20 on Tuesday. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap of $85.71 billion, a P/E ratio of 47.44, a P/E/G ratio of 1.93 and a beta of 1.13. The stock’s 50 day simple moving average is $135.44 and its 200-day simple moving average is $133.09.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company earned $2.39 earnings per share. Analysts predict that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several research reports. Mizuho cut their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Truist Financial lowered their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. DA Davidson lifted their price objective on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Finally, Piper Sandler lifted their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $139.48.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Airbnb during the third quarter worth $30,000. Quarry LP purchased a new stake in Airbnb in the third quarter valued at $55,000. Finally, Meeder Asset Management Inc. raised its position in Airbnb by 73.6% in the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after purchasing an additional 159 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.