Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $89,940.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $149.90, for a total transaction of $89,940.00. Following the completion of 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 SEC, which is available at the SEC website.

Airbnb Trading Up 1.1 %

Shares of ABNB opened at $149.57 on Monday. Airbnb, Inc. has a fifty-two week low of $113.24 and a fifty-two week high of $170.10. The business has a 50-day moving average of $151.09 and a 200 day moving average of $150.72. The firm has a market cap of $96.33 billion, a P/E ratio of 20.02, a price-to-earnings-growth ratio of 1.83 and a beta of 1.18. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44.

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

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in shares of Airbnb in the first quarter valued at $25,000. CVA Family Office LLC bought a new position in Airbnb in the 4th quarter worth about $26,000. Trust Co. of Vermont purchased a new position in Airbnb during the 4th quarter valued at about $27,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the third quarter valued at about $27,000. Finally, Bfsg LLC purchased a new stake in shares of Airbnb in the fourth quarter worth about $27,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the topic of a number of recent research reports. HSBC lowered shares of Airbnb from a “buy” rating to a “hold” rating and dropped their price objective for the company from $160.00 to $156.00 in a research note on Thursday, May 9th. Piper Sandler reiterated a “neutral” rating and set a $155.00 price target (up previously from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. B. Riley Financial assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday, May 9th. Finally, Bank of America upped their price target on Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $152.38.

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.