Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total transaction of $83,769.00. Following the transaction, the chief technology officer now directly owns 170,019 shares of the company’s stock, valued at $20,346,173.73. The trade was a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Price Performance

NASDAQ ABNB opened at $106.66 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $67.25 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company has a 50 day simple moving average of $133.75 and a 200-day simple moving average of $133.58. Airbnb, Inc. has a 52-week low of $104.73 and a 52-week high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABNB. Wells Fargo & Company decreased their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Tigress Financial raised their price target on Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 14th. Jefferies Financial Group raised shares of Airbnb from a “hold” rating to a “buy” rating and upped their price objective for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $147.28.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb in the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in Airbnb in the fourth quarter worth approximately $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth $28,000. Finally, Graney & King LLC bought a new position in shares of Airbnb during the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.