Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh Sells 600 Shares

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $133.51, for a total value of $80,106.00. Following the completion of the transaction, the chief technology officer now owns 193,444 shares in the company, valued at approximately $25,826,708.44. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Airbnb Stock Up 0.6 %

ABNB stock traded up $0.87 during trading on Thursday, reaching $136.02. 3,790,309 shares of the stock were exchanged, compared to its average volume of 4,460,019. The firm has a market cap of $87.60 billion, a P/E ratio of 18.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm's 50 day moving average is $122.31 and its 200 day moving average is $140.30. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to analysts' expectations of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business's revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $0.98 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 4.33 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price target on Airbnb from $130.00 to $111.00 and set a "sell" rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price target on Airbnb from $143.00 to $90.00 and set a "hold" rating on the stock in a research note on Wednesday, August 7th. Royal Bank of Canada reduced their price objective on Airbnb from $150.00 to $120.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Truist Financial reduced their price objective on Airbnb from $134.00 to $124.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th. Finally, Morgan Stanley boosted their price objective on Airbnb from $120.00 to $130.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 23rd. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $134.55.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Transcendent Capital Group LLC purchased a new stake in shares of Airbnb in the first quarter worth approximately $25,000. Trust Co. of Vermont bought a new position in shares of Airbnb in the fourth quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in shares of Airbnb in the second quarter valued at approximately $28,000. Cultivar Capital Inc. bought a new position in shares of Airbnb in the second quarter valued at approximately $30,000. Finally, Westend Capital Management LLC bought a new position in shares of Airbnb in the first quarter valued at approximately $33,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

About Airbnb

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.

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