Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $93,498.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The stock was sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the transaction, the chief technology officer now directly owns 221,704 shares in the company, valued at approximately $34,548,134.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Airbnb Price Performance

Shares of Airbnb stock opened at $160.10 on Friday. The stock has a market cap of $103.60 billion, a price-to-earnings ratio of 22.11, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a 50 day moving average price of $159.40 and a 200-day moving average price of $142.09. Airbnb, Inc. has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Equities analysts expect that Airbnb, Inc. will post 4.63 EPS for the current year.

Hedge Funds Weigh In On Airbnb

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

Analysts Set New Price Targets

Several analysts recently issued reports on ABNB shares. Barclays lifted their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Susquehanna lifted their target price on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research note on Wednesday, February 14th. Royal Bank of Canada lifted their target price on Airbnb from $140.00 to $150.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Bank of America lifted their target price on Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, Truist Financial lifted their target price on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $147.58.

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.