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 the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $137.21, for a total value of $82,326.00. Following the sale, the chief technology officer directly owned 210,977 shares in the company, valued at $28,948,154.17. This trade represents a 0.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $3.22 during trading on Monday, hitting $138.57. The company had a trading volume of 4,266,110 shares, compared to its average volume of 5,037,108. The company has a market cap of $86.80 billion, a P/E ratio of 34.99, a PEG ratio of 2.53 and a beta of 1.13. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The business's 50-day moving average is $133.00 and its 200 day moving average is $130.57.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the company posted $0.41 EPS. Airbnb's quarterly revenue was up 7.4% on a year-over-year basis. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Trading of Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. Park Square Financial Group LLC acquired a new stake in Airbnb during the 4th quarter valued at $26,000. Orion Capital Management LLC acquired a new stake in Airbnb during the 4th quarter valued at $28,000. Stonebridge Financial Group LLC raised its stake in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock valued at $29,000 after purchasing an additional 106 shares during the period. Bartlett & CO. Wealth Management LLC raised its stake in Airbnb by 209.6% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after purchasing an additional 174 shares during the period. Finally, Graney & King LLC acquired a new stake in Airbnb during the 4th quarter valued at $32,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ABNB. DA Davidson upgraded Airbnb from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $170.00 to $155.00 in a research report on Wednesday, April 30th. Robert W. Baird cut their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Canaccord Genuity Group reduced their price target on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. UBS Group cut their target price on Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Finally, Morgan Stanley increased their target price on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a research report on Thursday, April 17th. Five research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $141.47.

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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