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 business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total value of $83,769.00. Following the completion of the sale, the chief technology officer now directly owns 170,019 shares in the company, valued at approximately $20,346,173.73. This represents a 0.41 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Trading Up 1.6 %

ABNB traded up $1.72 on Tuesday, reaching $108.02. 3,584,631 shares of the company traded hands, compared to its average volume of 4,657,094. The firm has a fifty day simple moving average of $133.30 and a two-hundred day simple moving average of $133.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a one year low of $99.88 and a one year high of $166.74. The company has a market cap of $68.11 billion, a P/E ratio of 26.05, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 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%. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

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Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Airbnb from $143.00 to $160.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the stock a "hold" rating in a research note on Wednesday, January 15th. Robert W. Baird reduced their price objective on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a research report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $146.56.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently bought and sold shares of ABNB. Rothschild Investment LLC raised its position in shares of Airbnb by 27.6% in the 1st quarter. Rothschild Investment LLC now owns 541 shares of the company's stock worth $65,000 after acquiring an additional 117 shares in the last quarter. GAMMA Investing LLC boosted its position in Airbnb by 23,657.3% in the first quarter. GAMMA Investing LLC now owns 611,038 shares of the company's stock valued at $72,995,000 after buying an additional 608,466 shares during the last quarter. Versant Capital Management Inc grew its holdings in Airbnb by 397.9% during the first quarter. Versant Capital Management Inc now owns 3,739 shares of the company's stock worth $447,000 after acquiring an additional 2,988 shares during the period. First Hawaiian Bank raised its position in shares of Airbnb by 10.5% in the first quarter. First Hawaiian Bank now owns 7,330 shares of the company's stock worth $876,000 after acquiring an additional 699 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC grew its holdings in Airbnb by 10.2% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 2,870 shares of the company's stock valued at $343,000 after purchasing an additional 265 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.