Aristotle N. Balogh Sells 600 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $136.27, for a total transaction of $81,762.00. Following the completion of the sale, the chief technology officer directly owned 211,577 shares in the company, valued at approximately $28,831,597.79. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Airbnb Stock Down 0.0%

ABNB stock traded down $0.01 during midday trading on Tuesday, reaching $136.99. The stock had a trading volume of 3,143,501 shares, compared to its average volume of 5,029,338. The firm has a market cap of $85.81 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.56 and a beta of 1.13. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The business has a fifty day simple moving average of $132.01 and a two-hundred day simple moving average of $130.53.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its 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). The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. Airbnb's quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently modified their holdings of the stock. MJP Associates Inc. ADV grew its position in shares of Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after buying an additional 67 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock worth $604,000 after buying an additional 78 shares during the period. Ellevest Inc. grew its position in shares of Airbnb by 3.1% in the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after purchasing an additional 80 shares during the period. Harbour Investments Inc. grew its position in shares of Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company's stock valued at $88,000 after purchasing an additional 80 shares during the period. Finally, Koshinski Asset Management Inc. grew its position in shares of Airbnb by 4.4% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock valued at $237,000 after purchasing an additional 83 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the subject of several research reports. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and raised their price objective for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Wells Fargo & Company upped their price objective on shares of Airbnb from $104.00 to $111.00 and gave the company an "underweight" rating in a research note on Monday. Evercore ISI reduced their price objective on shares of Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research note on Friday, May 2nd. B. Riley reduced their price objective on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Finally, Tigress Financial upped their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a "buy" rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price 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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