Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 600 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Thursday, July 17th. The shares were sold at an average price of $137.58, for a total value of $82,548.00. Following the sale, the chief technology officer owned 210,377 shares in the company, valued at $28,943,667.66. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Airbnb Stock Performance

NASDAQ ABNB traded down $1.27 on Monday, reaching $138.07. The company had a trading volume of 2,696,537 shares, compared to its average volume of 5,029,995. The company's fifty day moving average is $134.35 and its 200-day moving average is $130.79. The firm has a market capitalization of $86.49 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 2.61 and a beta of 1.13. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly 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 business had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. Airbnb's revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. On average, research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent analyst reports. Morgan Stanley raised their price target on Airbnb from $125.00 to $130.00 and gave the stock an "underweight" rating in a report on Monday. Robert W. Baird lowered their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. BNP Paribas raised Airbnb to a "hold" rating in a research note on Wednesday, July 16th. Phillip Securities downgraded Airbnb from a "hold" rating to a "moderate sell" rating in a report on Friday, May 9th. Finally, Benchmark decreased their price objective on Airbnb from $178.00 to $155.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Airbnb has an average rating of "Hold" and a consensus target price of $141.50.

Institutional Trading of Airbnb

Hedge funds have recently added to or reduced their stakes in the stock. Kentucky Trust Co purchased a new position in Airbnb in the 2nd quarter worth approximately $25,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $28,000. Stonebridge Financial Group LLC lifted its holdings 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 acquiring an additional 106 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC lifted its holdings in shares of Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after acquiring an additional 174 shares during the last quarter. 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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