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, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the completion of the transaction, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Airbnb Stock Performance

Shares of ABNB stock opened at $155.01 on Friday. The business’s 50 day simple moving average is $159.55 and its 200 day simple moving average is $142.22. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10. The stock has a market capitalization of $100.30 billion, a PE ratio of 21.41, a PEG ratio of 2.03 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. As a group, research analysts forecast that Airbnb, Inc. will post 4.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ABNB shares. Royal Bank of Canada raised their target price on shares of Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Mizuho boosted their price target on Airbnb from $130.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Wedbush reaffirmed a “neutral” rating and issued a $160.00 price target on shares of Airbnb in a research note on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Four 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. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average price target of $147.58.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of ABNB. Vanguard Group Inc. boosted its holdings in shares of Airbnb by 43.0% during the 3rd quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after buying an additional 10,301,746 shares in the last quarter. Norges Bank bought a new position in shares of Airbnb during the 4th quarter worth approximately $619,584,000. Edgewood Management LLC boosted its holdings in shares of Airbnb by 20.8% during the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after buying an additional 2,135,529 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of Airbnb during the 3rd quarter worth approximately $235,338,000. Finally, Northern Trust Corp boosted its holdings in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock worth $598,745,000 after buying an additional 1,276,456 shares in the last quarter. 80.76% of the stock is currently owned by 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.