Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 700 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total transaction of $83,769.00. Following the transaction, the chief technology officer now owns 170,019 shares in the company, valued at approximately $20,346,173.73. This trade represents a 0.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Airbnb Stock Performance
Shares of ABNB opened at $113.97 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $166.74. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $71.86 billion, a PE ratio of 27.60, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The stock has a 50-day moving average price of $134.16 and a 200-day moving average price of $133.65.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company cut their target price on Airbnb from $100.00 to $96.00 and set an "underweight" rating on the stock in a research note on Thursday, January 16th. HSBC upgraded Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Morgan Stanley lifted their target price on Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Needham & Company LLC restated a "hold" rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Evercore ISI raised their price objective on shares of Airbnb to $155.00 and gave the stock a "hold" rating in a report on Wednesday, January 15th. Five investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $147.28.
Read Our Latest Analysis on ABNB
Institutional Investors Weigh In On Airbnb
A number of large investors have recently added to or reduced their stakes in ABNB. MJP Associates Inc. ADV raised its holdings 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 valued at $490,000 after buying an additional 67 shares in the last quarter. CAP Partners LLC raised its stake in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company's stock worth $293,000 after acquiring an additional 77 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after acquiring an additional 78 shares during the last quarter. Ellevest Inc. boosted its stake 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 in the last quarter. Finally, Manchester Capital Management LLC grew its holdings in shares of Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other 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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