Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 700 Shares

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $126.00, for a total value of $88,200.00. Following the transaction, the chief technology officer now directly owns 171,419 shares of the company's stock, valued at approximately $21,598,794. This trade represents a 0.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Airbnb Stock Up 0.8 %

Shares of ABNB stock traded up $1.02 during trading hours on Monday, hitting $129.82. 3,705,997 shares of the company were exchanged, compared to its average volume of 4,411,770. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.00. 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 business has a 50 day moving average of $135.72 and a two-hundred day moving average of $133.43. The company has a market capitalization of $81.86 billion, a PE ratio of 31.43, a PEG ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

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Wall Street Analyst Weigh In

Several brokerages have recently commented on ABNB. The Goldman Sachs Group raised Airbnb from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Robert W. Baird upgraded Airbnb from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $140.00 to $175.00 in a research report on Friday, February 14th. Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and raised their price target for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Bank of America boosted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Finally, DA Davidson raised their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $147.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ABNB. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth about $25,000. Berbice Capital Management LLC acquired a new position in Airbnb during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new position in Airbnb in the fourth quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $28,000. Finally, Graney & King LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $32,000. 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.