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 8th. The stock was sold at an average price of $110.74, for a total transaction of $77,518.00. Following the sale, the chief technology officer now directly owns 223,522 shares in the company, valued at $24,752,826.28. The trade was a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Airbnb Trading Down 6.1 %
Shares of ABNB stock opened at $113.91 on Friday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $166.74. The firm has a fifty day moving average price of $131.53 and a 200-day moving average price of $132.95. The company has a market cap of $71.82 billion, a price-to-earnings ratio of 27.58, a PEG ratio of 3.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Institutional Investors Weigh In On Airbnb
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. MJP Associates Inc. ADV boosted its position in shares of Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after purchasing an additional 67 shares during the period. CAP Partners LLC lifted its stake in shares of Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after buying an additional 77 shares in the last quarter. Lindbrook Capital LLC boosted its holdings in 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 buying an additional 78 shares during the period. Ellevest Inc. raised its holdings in Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after acquiring an additional 80 shares during the period. Finally, Manchester Capital Management LLC lifted its position in shares of Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company's stock valued at $69,000 after acquiring an additional 81 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ABNB has been the topic of a number of analyst reports. Canaccord Genuity Group boosted their price target on Airbnb from $165.00 to $190.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. DA Davidson increased their target price on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Wedbush reaffirmed an "outperform" rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Bank of America upped their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Finally, Truist Financial reduced their price objective on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating for the company in a research note on Friday, March 21st. Five analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $146.56.
View Our Latest Stock 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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