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

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total value of $94,344.00. Following the transaction, the chief technology officer now owns 221,104 shares in the company, valued at $34,766,392.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Airbnb Stock Up 0.1 %

ABNB stock traded up $0.17 during trading hours on Thursday, reaching $163.01. 2,397,571 shares of the stock were exchanged, compared to its average volume of 4,543,943. The firm's 50-day moving average is $160.20 and its 200-day moving average is $143.17. The company has a market cap of $105.48 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 2.06 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. Airbnb, Inc. has a 12 month low of $103.55 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The firm had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. On average, equities research analysts expect that Airbnb, Inc. will post 4.64 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

A number of large investors have recently modified their holdings of the business. Miracle Mile Advisors LLC boosted its stake in shares of Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company's stock worth $1,541,000 after buying an additional 68 shares during the last quarter. Cigna Investments Inc. New boosted its stake in shares of Airbnb by 1.6% during the 1st quarter. Cigna Investments Inc. New now owns 4,419 shares of the company's stock worth $729,000 after buying an additional 69 shares during the last quarter. Mount Vernon Associates Inc. MD lifted its stake in Airbnb by 1.0% in the 4th quarter. Mount Vernon Associates Inc. MD now owns 7,270 shares of the company's stock valued at $990,000 after purchasing an additional 75 shares during the last quarter. Cambridge Trust Co. lifted its stake in Airbnb by 10.0% in the 4th quarter. Cambridge Trust Co. now owns 825 shares of the company's stock valued at $112,000 after purchasing an additional 75 shares during the last quarter. Finally, Waldron Private Wealth LLC lifted its stake in Airbnb by 0.5% in the 4th quarter. Waldron Private Wealth LLC now owns 16,171 shares of the company's stock valued at $2,201,000 after purchasing an additional 78 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price target on Airbnb from $136.00 to $145.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Barclays upped their price objective on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a research note on Monday, January 29th. DA Davidson reiterated a "neutral" rating and issued a $145.00 price objective on shares of Airbnb in a research note on Friday, March 15th. Wells Fargo & Company upped their price objective on Airbnb from $107.00 to $127.00 and gave the company an "underweight" rating in a research note on Monday, April 1st. Finally, UBS Group lowered their price objective on Airbnb from $148.00 to $143.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, Airbnb currently has an average rating of "Hold" and a consensus target price of $149.19.

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.