Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $78,198.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $130.33, for a total transaction of $78,198.00. Following the transaction, the chief technology officer directly owned 212,177 shares of the company's stock, valued at $27,653,028.41. The trade was a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Airbnb Stock Performance

NASDAQ ABNB traded up $3.07 during trading hours on Tuesday, reaching $135.41. The stock had a trading volume of 3,918,205 shares, compared to its average volume of 5,037,730. The stock has a fifty day moving average of $130.41 and a 200 day moving average of $130.35. The stock has a market cap of $84.82 billion, a P/E ratio of 34.19, a price-to-earnings-growth ratio of 2.48 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

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

Institutional Investors Weigh In On Airbnb

A number of large investors have recently bought and sold shares of ABNB. MJP Associates Inc. ADV boosted its position in Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after purchasing an additional 67 shares in the last quarter. Lindbrook Capital LLC boosted its position in Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in Airbnb by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock worth $604,000 after purchasing an additional 78 shares in the last quarter. Ellevest Inc. boosted its position in Airbnb by 3.1% in the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after purchasing an additional 80 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Susquehanna decreased their target price on Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a research report on Monday, May 5th. BTIG Research reiterated a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Canaccord Genuity Group decreased their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Cantor Fitzgerald reiterated an "underweight" rating and set a $100.00 target price on shares of Airbnb in a research report on Wednesday, May 14th. Finally, JMP Securities reiterated a "market perform" rating on shares of Airbnb in a research report on Friday, May 2nd. Five analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $141.23.

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.