Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $98,070.00. Following the transaction, the chief technology officer now directly owns 172,819 shares of the company's stock, valued at approximately $24,211,941.90. This trade represents a 0.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Airbnb Price Performance

NASDAQ ABNB traded down $0.38 during trading on Friday, hitting $134.39. 5,616,596 shares of the company's stock were exchanged, compared to its average volume of 4,386,382. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $84.74 billion, a PE ratio of 32.54, a P/E/G ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock's 50 day moving average price is $136.94 and its two-hundred day moving average price is $132.76.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

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Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of research analyst reports. Wedbush reaffirmed an "outperform" rating and set a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. The Goldman Sachs Group raised shares of Airbnb from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Citigroup lifted their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Canaccord Genuity Group lifted their price objective on shares of Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Finally, B. Riley lifted their target price on Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $146.48.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC bought a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Airbnb during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 80.76% of the company's stock.

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.