Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 1,475 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $130.00, for a total value of $191,750.00. Following the completion of the sale, the chief technology officer now owns 214,577 shares of the company's stock, valued at approximately $27,895,010. This trade represents a 0.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Airbnb Stock Up 2.4%
Shares of Airbnb stock traded up $3.35 on Friday, reaching $140.64. The company's stock had a trading volume of 8,960,261 shares, compared to its average volume of 5,002,329. The company has a market capitalization of $88.10 billion, a price-to-earnings ratio of 34.05, a P/E/G ratio of 3.52 and a beta of 1.14. The firm's fifty day simple moving average is $123.22 and its two-hundred day simple moving average is $130.69. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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 business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. Equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Wall Street Analyst Weigh In
ABNB has been the subject of several research reports. Evercore ISI decreased their target price on Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a research report on Friday, May 2nd. Barclays decreased their target price on Airbnb from $120.00 to $103.00 and set an "underweight" rating for the company in a research report on Friday, May 2nd. B. Riley decreased their target price on Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reissued a "hold" rating on shares of Airbnb in a research report on Wednesday, May 14th. Finally, Robert W. Baird decreased their target price on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $141.23.
Read Our Latest Report on ABNB
Institutional Trading of Airbnb
Institutional investors and hedge funds have recently modified their holdings of the business. Golden State Wealth Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth $25,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb in the 4th quarter worth $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth $28,000. Graney & King LLC bought a new stake in shares of Airbnb in the 4th quarter worth $32,000. Finally, Stonebridge Financial Group LLC boosted its stake in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after buying an additional 106 shares during the last quarter. Institutional investors own 80.76% of the company's stock.
About Airbnb
(
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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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