Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $114.68, for a total value of $80,276.00. Following the transaction, the chief technology officer now owns 222,822 shares in the company, valued at approximately $25,553,226.96. This represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Airbnb Price Performance
Shares of Airbnb stock opened at $112.70 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $71.06 billion, a PE ratio of 27.29, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company's fifty day simple moving average is $129.62 and its two-hundred day simple moving average is $132.40. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $166.74.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 expect that Airbnb, Inc. will post 4.31 EPS for the current year.
Hedge Funds Weigh In On Airbnb
Institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the 4th quarter valued at about $25,000. Berbice Capital Management LLC purchased a new stake in Airbnb in the fourth quarter worth $26,000. Park Square Financial Group LLC bought a new stake in Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in shares of Airbnb during the fourth quarter valued at approximately $28,000. Finally, Graney & King LLC purchased a new stake in shares of Airbnb in the 4th quarter worth $32,000. 80.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on ABNB. Truist Financial dropped their price target on Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Benchmark upped their target price on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Wedbush reiterated an "outperform" rating and issued a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Five research analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $146.94.
View Our Latest Analysis on Airbnb
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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