Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $79,362.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $132.27, for a total value of $79,362.00. Following the completion of the transaction, the chief technology officer now directly owns 212,777 shares in the company, valued at approximately $28,144,013.79. This represents a 0.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Airbnb Price Performance

NASDAQ:ABNB traded up $1.62 during mid-day trading on Tuesday, hitting $132.15. 5,042,543 shares of the company's stock were exchanged, compared to its average volume of 5,540,189. The company has a market cap of $82.78 billion, a PE ratio of 33.37, a P/E/G ratio of 2.47 and a beta of 1.14. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The business has a fifty day moving average price of $128.45 and a 200 day moving average price of $130.49.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly 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). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. 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 firm earned $0.41 earnings per share. The business's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Airbnb by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company's stock valued at $4,475,286,000 after purchasing an additional 604,120 shares during the last quarter. Harris Associates L P grew its holdings in shares of Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company's stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Airbnb by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after acquiring an additional 72,991 shares in the last quarter. Northern Trust Corp raised its holdings in Airbnb by 2.5% in the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company's stock worth $525,979,000 after acquiring an additional 106,135 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its position in Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after acquiring an additional 2,590,475 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on ABNB. Phillip Securities cut Airbnb from a "hold" rating to a "moderate sell" rating in a report on Friday, May 9th. Canaccord Genuity Group decreased their price target on shares of Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Benchmark cut their price objective on shares of Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th. Finally, B. Riley cut their price target on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $141.23.

Airbnb Company Profile

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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