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 firm’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total value of $89,940.00. Following the sale, the chief technology officer now directly owns 209,974 shares of the company’s stock, valued at approximately $31,475,102.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Airbnb Stock Performance

Shares of Airbnb stock opened at $149.57 on Monday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 52 week low of $113.24 and a 52 week high of $170.10. The firm’s 50 day moving average is $151.09 and its two-hundred day moving average is $150.72. The firm has a market capitalization of $96.33 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.83 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same period last year, the firm posted $0.18 EPS. The company’s revenue was up 17.8% on a year-over-year basis. Research analysts forecast that Airbnb, Inc. will post 4.66 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. TD Cowen lowered their price target on Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Piper Sandler Companies lifted their price target on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. HSBC lowered shares of Airbnb from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $160.00 to $156.00 in a report on Thursday, May 9th. Truist Financial lifted their target price on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a report on Thursday, May 30th. Finally, B. Riley initiated coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. Four analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $152.38.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Joel Isaacson & Co. LLC grew its stake in Airbnb by 2.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after buying an additional 67 shares during the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of 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 acquiring an additional 68 shares during the period. Cigna Investments Inc. New grew its position in shares of Airbnb by 1.6% during the first quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock worth $729,000 after acquiring an additional 69 shares during the last quarter. Heritage Wealth Advisors increased its holdings in shares of Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, Mount Vernon Associates Inc. MD raised its position in Airbnb by 1.0% in the 4th 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. Institutional investors and hedge funds 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.