Insider Selling: Airbnb (NASDAQ:ABNB) CTO Sells 650 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle Balogh sold 650 shares of the firm’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $128.93, for a total transaction of $83,804.50. Following the sale, the chief technology officer owned 169,511 shares of the company’s stock, valued at approximately $21,855,053.23. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Airbnb Trading Up 0.2%

ABNB traded up $0.20 during trading on Tuesday, hitting $132.01. 4,390,542 shares of the company’s stock traded hands, compared to its average volume of 5,150,190. The stock has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 2.26 and a beta of 1.11. The company’s 50 day simple moving average is $122.22 and its two-hundred day simple moving average is $127.42. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the firm earned $2.13 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Corient IA LLC bought a new stake in Airbnb during the first quarter valued at about $299,000. Algert Global LLC purchased a new stake in shares of Airbnb during the first quarter worth about $2,976,000. Brooklyn Investment Group grew its position in shares of Airbnb by 65.1% during the first quarter. Brooklyn Investment Group now owns 2,170 shares of the company’s stock worth $259,000 after purchasing an additional 856 shares in the last quarter. Northern Trust Corp raised its stake in Airbnb by 2.5% during the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after purchasing an additional 106,135 shares during the period. Finally, Aptus Capital Advisors LLC lifted its holdings in Airbnb by 25.3% in the 1st quarter. Aptus Capital Advisors LLC now owns 5,433 shares of the company’s stock worth $649,000 after purchasing an additional 1,097 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on ABNB shares. KeyCorp began coverage on Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating for the company. Wells Fargo & Company upped their price target on shares of Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research report on Monday, December 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 price objective on shares of Airbnb in a report on Friday, November 7th. BNP Paribas assumed coverage on shares of Airbnb in a research report on Monday, November 24th. They set a “hold” rating for the company. Finally, Barclays increased their price target on shares of Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $143.88.

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.