Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $127.35, for a total value of $76,410.00. Following the sale, the chief technology officer now owns 194,644 shares of the company's stock, valued at $24,787,913.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Airbnb Trading Down 0.7 %
Shares of Airbnb stock traded down $0.89 during trading on Thursday, hitting $125.29. 2,246,386 shares of the company were exchanged, compared to its average volume of 4,526,271. The firm has a market capitalization of $80.69 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm's fifty day moving average price is $122.46 and its 200 day moving average price is $142.62. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the firm posted $0.98 earnings per share. Airbnb's revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Airbnb
Several institutional investors and hedge funds have recently modified their holdings of the business. Joel Isaacson & Co. LLC lifted its stake in Airbnb by 2.3% in the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company's stock valued at $493,000 after acquiring an additional 67 shares during the last quarter. Miracle Mile Advisors LLC grew its position in Airbnb by 0.7% during the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company's stock worth $1,541,000 after buying an additional 68 shares in the last quarter. Farrow Financial Inc. lifted its stake in Airbnb by 1.0% during the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company's stock worth $1,087,000 after purchasing an additional 69 shares during the last quarter. Heritage Wealth Advisors lifted its stake in Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company's stock worth $33,000 after purchasing an additional 71 shares during the last quarter. Finally, GYL Financial Synergies LLC lifted its stake in Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company's stock worth $241,000 after purchasing an additional 76 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on ABNB shares. Argus cut Airbnb from a "buy" rating to a "hold" rating in a research note on Wednesday, September 4th. Robert W. Baird cut their price target on shares of Airbnb from $140.00 to $120.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. decreased their price objective on shares of Airbnb from $145.00 to $121.00 and set a "neutral" rating for the company in a report on Wednesday, August 7th. Mizuho lowered their target price on shares of Airbnb from $175.00 to $170.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. Finally, Jefferies Financial Group dropped their target price on shares of Airbnb from $125.00 to $120.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $134.16.
Check Out Our Latest Stock Report on ABNB
Airbnb Company Profile
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Airbnb, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Airbnb wasn't on the list.
While Airbnb currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
