Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 11,488 Shares

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 11,488 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $1,815,104.00. Following the transaction, the chief technology officer now owns 181,214 shares of the company’s stock, valued at $28,631,812. This trade represents a 5.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Price Performance

Shares of ABNB traded down $2.77 during mid-day trading on Wednesday, reaching $157.83. The company had a trading volume of 6,889,056 shares, compared to its average volume of 5,117,738. The company has a market capitalization of $100.06 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.38 and a beta of 1.12. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company’s 50 day simple moving average is $134.42 and its 200 day simple moving average is $130.45.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Analysts expect that Airbnb, Inc. will post 4.27 EPS for the current year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Pacer Advisors Inc. boosted its position in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Norges Bank bought a new stake in Airbnb during the 4th quarter worth approximately $433,374,000. Clearbridge Investments LLC raised its position in Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP lifted its position in shares of Airbnb by 512.0% during the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after purchasing an additional 2,577,000 shares in the last quarter. Finally, Meritage Group LP purchased a new stake in shares of Airbnb during the third quarter valued at approximately $160,985,000. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ABNB. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday, February 14th. Piper Sandler increased their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Bank of America upped their price target on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Citigroup raised their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.00.

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.