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 transaction of $89,382.00. Following the transaction, the chief technology officer now owns 209,374 shares in the company, valued at $31,190,444.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Airbnb Stock Performance

Shares of ABNB stock opened at $151.63 on Friday. The business’s 50 day simple moving average is $150.43 and its 200 day simple moving average is $150.91. Airbnb, Inc. has a one year low of $113.24 and a one year high of $170.10. The stock has a market capitalization of $97.66 billion, a PE ratio of 20.30, a PEG 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.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The business had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same period in the prior year, the business posted $0.18 earnings per share. The firm’s revenue was up 17.8% on a year-over-year basis. As a group, research analysts forecast that Airbnb, Inc. will post 4.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Bank of America boosted their target price on shares of Airbnb from $155.00 to $168.00 and gave the stock a “neutral” rating in a report on Thursday, March 14th. Citigroup reduced their price objective on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. UBS Group lifted their price objective on shares of Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th. Wells Fargo & Company lifted their price objective on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. Finally, Mizuho raised shares of Airbnb from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $150.00 to $200.00 in a research report on Wednesday, April 24th. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $152.38.

Institutional Trading of Airbnb

Institutional investors have recently added to or reduced their stakes in the stock. Transcendent Capital Group LLC bought a new stake in Airbnb in the first quarter valued at approximately $25,000. CVA Family Office LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the 3rd quarter worth approximately $27,000. Bfsg LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $27,000. Finally, Trust Co. of Vermont bought a new position in shares of Airbnb during the 4th quarter worth approximately $27,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Company Profile

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.