Aristotle Balogh Sells 600 Shares of Airbnb (NASDAQ:ABNB) Stock

Key Points

• CTO Aristotle Balogh sold 600 shares of Airbnb at an average price of $120.46, resulting in a total transaction value of $72,276.
• Airbnb reported earnings of $1.03 per share for the last quarter, surpassing analyst expectations and reflecting a year-over-year revenue increase of 12.7%.
• A consensus rating for Airbnb stock stands at "Hold", with the average price target set at $141.81, according to multiple equities analysts' evaluations.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle Balogh sold 600 shares of the business's stock in a transaction that occurred on Thursday, October 9th. The shares were sold at an average price of $120.46, for a total value of $72,276.00. Following the completion of the sale, the chief technology officer owned 197,806 shares of the company's stock, valued at approximately $23,827,710.76. This represents a 0.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Airbnb Price Performance

Shares of NASDAQ:ABNB traded up $4.03 during trading on Tuesday, reaching $122.89. The company had a trading volume of 6,141,344 shares, compared to its average volume of 5,175,792. The stock's fifty day moving average price is $124.10 and its 200 day moving average price is $127.26. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market capitalization of $76.37 billion, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.16 and a beta of 1.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $0.92 by $0.11. The firm had revenue of $3.10 billion for the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb's quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ABNB shares. Truist Financial cut their price objective on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating for the company in a research report on Wednesday, September 3rd. BNP Paribas raised shares of Airbnb to a "hold" rating in a research report on Wednesday, July 16th. Wedbush cut their price objective on shares of Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Airbnb in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada increased their target price on Airbnb from $140.00 to $145.00 and gave the stock a "sector perform" rating 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. According to MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and a consensus price target of $141.81.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Leonard Rickey Investment Advisors P.L.L.C. grew its position in shares of Airbnb by 7.9% in the 3rd quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,975 shares of the company's stock worth $240,000 after acquiring an additional 144 shares in the last quarter. Parcion Private Wealth LLC grew its position in shares of Airbnb by 13.7% in the 3rd quarter. Parcion Private Wealth LLC now owns 2,841 shares of the company's stock worth $345,000 after acquiring an additional 343 shares in the last quarter. Northwest Wealth Management LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $252,000. Svenska Handelsbanken AB publ bought a new stake in shares of Airbnb in the 3rd quarter worth approximately $24,284,000. Finally, Cascade Investment Advisors Inc. lifted its holdings in shares of Airbnb by 4.3% in the 3rd quarter. Cascade Investment Advisors Inc. now owns 12,745 shares of the company's stock worth $1,547,000 after purchasing an additional 530 shares during the last quarter. Institutional investors and hedge funds 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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