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 on Tuesday, June 25th. The stock was sold at an average price of $148.97, for a total value of $89,382.00. Following the completion of the transaction, the chief technology officer now directly owns 209,374 shares of the company’s stock, valued at $31,190,444.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Airbnb Stock Performance

Shares of ABNB stock opened at $151.63 on Friday. The stock has a market cap of $97.66 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.86 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. The company has a fifty day moving average price of $150.43 and a two-hundred day moving average price of $150.91. Airbnb, Inc. has a one year low of $113.24 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping 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 business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the firm earned $0.18 earnings per share. Airbnb’s revenue for the quarter was up 17.8% compared to the same quarter last year. As a group, equities analysts predict that Airbnb, Inc. will post 4.65 EPS for the current year.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Wedbush raised Airbnb from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $160.00 to $165.00 in a research report on Tuesday, May 28th. Citigroup dropped their target price on Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Bank of America boosted their price target on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. DA Davidson restated a “neutral” rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. Finally, BMO Capital Markets increased their target price on Airbnb from $135.00 to $151.00 and gave the company a “market perform” rating in a report on Thursday, May 9th. Four equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $152.38.

Institutional Investors Weigh In On Airbnb

Several hedge funds have recently added to or reduced their stakes in the business. Joel Isaacson & Co. LLC lifted its position in shares of Airbnb by 2.3% in the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after purchasing an additional 67 shares during the period. Miracle Mile Advisors LLC grew its stake in shares of Airbnb by 0.7% in the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock worth $1,541,000 after acquiring an additional 68 shares in the last quarter. Cigna Investments Inc. New boosted its holdings in shares of Airbnb by 1.6% in the 1st quarter. Cigna Investments Inc. New now owns 4,419 shares of the company’s stock worth $729,000 after buying an additional 69 shares during the last quarter. Heritage Wealth Advisors boosted 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 worth $33,000 after buying an additional 71 shares during the last quarter. Finally, Mount Vernon Associates Inc. MD lifted its holdings in Airbnb by 1.0% during the fourth 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. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.