Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $78,813.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $112.59, for a total transaction of $78,813.00. Following the sale, the chief technology officer now owns 222,122 shares of the company's stock, valued at approximately $25,008,715.98. The trade was a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Stock Performance

Airbnb stock opened at $121.71 on Friday. The firm has a fifty day simple moving average of $126.43 and a two-hundred day simple moving average of $132.00. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $165.50. The company has a market capitalization of $76.74 billion, a PE ratio of 29.47, a P/E/G ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analyst Weigh In




ABNB has been the subject of a number of recent research reports. JPMorgan Chase & Co. decreased their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. The Goldman Sachs Group raised shares of Airbnb from a "sell" rating to a "neutral" rating and upped their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. HSBC upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Tigress Financial raised their price objective on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a report on Friday, March 14th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $146.94.

Read Our Latest Stock Analysis on Airbnb

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently bought and sold shares of ABNB. Golden State Wealth Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth $25,000. Berbice Capital Management LLC bought a new stake in Airbnb in the 4th quarter worth $26,000. Park Square Financial Group LLC purchased a new position in shares of Airbnb in the fourth quarter valued at about $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the fourth quarter valued at about $28,000. Finally, Bartlett & CO. Wealth Management LLC raised its stake in shares of Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock valued at $31,000 after acquiring an additional 174 shares during the last quarter. Institutional investors own 80.76% of the company's stock.

Airbnb Company Profile

(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.

Further Reading

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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