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

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $129.82, for a total transaction of $90,874.00. Following the sale, the chief technology officer now owns 184,014 shares in the company, valued at $23,888,697.48. The trade was a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Airbnb Stock Performance

NASDAQ:ABNB traded down $0.36 during mid-day trading on Thursday, reaching $132.16. The stock had a trading volume of 2,904,609 shares, compared to its average volume of 3,630,615. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The business has a 50 day simple moving average of $134.45 and a 200 day simple moving average of $132.22. The firm has a market capitalization of $83.79 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the business earned $2.39 earnings per share. On average, analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb in the third quarter valued at about $25,000. Hollencrest Capital Management increased its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at approximately $30,000. Quarry LP purchased a new stake in shares of Airbnb during the 3rd quarter worth approximately $55,000. Finally, CVA Family Office LLC grew its holdings in shares of Airbnb by 131.2% in the 3rd quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after acquiring an additional 269 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the topic of a number of analyst reports. Raymond James assumed coverage on shares of Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research note on Monday, October 7th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. UBS Group boosted their target price on Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Jefferies Financial Group increased their price target on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $139.63.

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.