Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $81,666.00 in Stock

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total value of $81,666.00. Following the completion of the transaction, the chief technology officer now owns 192,844 shares of the company’s stock, valued at $26,247,996.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $0.83 during trading hours on Thursday, hitting $132.75. 2,677,513 shares of the company’s stock were exchanged, compared to its average volume of 4,418,977. The company’s 50-day moving average price is $124.32 and its 200-day moving average price is $139.42. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market capitalization of $85.50 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.83 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB – Get Free Report) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. On average, sell-side analysts expect that Airbnb, Inc. will post 4.33 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

A number of hedge funds have recently bought and sold shares of ABNB. Sunbelt Securities Inc. increased its stake in Airbnb by 26.3% during the first quarter. Sunbelt Securities Inc. now owns 1,139 shares of the company’s stock valued at $188,000 after acquiring an additional 237 shares during the period. Wealthcare Advisory Partners LLC lifted its position in Airbnb by 3.8% in the first quarter. Wealthcare Advisory Partners LLC now owns 3,796 shares of the company’s stock worth $626,000 after purchasing an additional 139 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Airbnb by 163.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,809 shares of the company’s stock worth $9,866,000 after buying an additional 37,127 shares in the last quarter. New England Research & Management Inc. increased its holdings in Airbnb by 108.9% in the 1st quarter. New England Research & Management Inc. now owns 6,425 shares of the company’s stock valued at $1,060,000 after buying an additional 3,350 shares during the period. Finally, First Dallas Securities Inc. lifted its holdings in shares of Airbnb by 4.5% during the 1st quarter. First Dallas Securities Inc. now owns 7,005 shares of the company’s stock worth $1,156,000 after acquiring an additional 300 shares during the period. 80.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Robert W. Baird reduced their target price on Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Morgan Stanley upped their price target on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $135.35.

Check Out Our Latest Analysis on ABNB

About Airbnb

(Get Free Report)

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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