Airbnb (NASDAQ:ABNB) CTO Aristotle Balogh Sells 600 Shares

Key Points

• CTO Aristotle Balogh of Airbnb sold 600 shares at an average price of $124.26, resulting in a total value of $74,556, which represents a 0.30% decrease in his position.
• Airbnb's stock recently traded at $127.21, with a market cap of $79.05 billion, and a price-to-earnings ratio of 30.80; the stock has fluctuated between a 12-month low of $99.88 and a high of $163.93.
• Analysts have mixed ratings for Airbnb, with a target price ranging from $110.00 to $156.00, indicating a general sentiment of holding the stock among many research firms.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle Balogh sold 600 shares of the firm's stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $124.26, for a total value of $74,556.00. Following the completion of the sale, the chief technology officer directly owned 197,206 shares in the company, valued at approximately $24,504,817.56. This trade represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $1.30 during mid-day trading on Monday, hitting $127.21. The company had a trading volume of 3,976,818 shares, compared to its average volume of 5,176,508. The firm's 50 day simple moving average is $123.99 and its two-hundred day simple moving average is $127.39. The stock has a market cap of $79.05 billion, a price-to-earnings ratio of 30.80, a PEG ratio of 2.30 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm's revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.86 EPS. Equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their target price on Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lifted their price target on Airbnb from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Wells Fargo & Company set a $110.00 price target on Airbnb and gave the company an "underweight" rating in a research report on Thursday, August 7th. UBS Group lowered their price target on Airbnb from $156.00 to $148.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Morgan Stanley lowered their price target on Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, nineteen have issued a Hold rating and five have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $141.81.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ABNB. Sit Investment Associates Inc. boosted its position in Airbnb by 42.8% during the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company's stock valued at $2,015,000 after purchasing an additional 5,060 shares during the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Airbnb by 74.8% during the first quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company's stock valued at $2,451,000 after purchasing an additional 8,780 shares during the last quarter. Plato Investment Management Ltd boosted its position in Airbnb by 53.1% during the first quarter. Plato Investment Management Ltd now owns 18,974 shares of the company's stock valued at $2,291,000 after purchasing an additional 6,579 shares during the last quarter. Acadian Asset Management LLC boosted its position in Airbnb by 52.9% during the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company's stock valued at $293,590,000 after purchasing an additional 850,719 shares during the last quarter. Finally, York GP Ltd. acquired a new stake in Airbnb during the second quarter valued at $6,617,000. Hedge funds and other institutional investors own 80.76% of the company's stock.

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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