Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $13,320,862.60 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 78,682 shares of the firm’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total transaction of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Airbnb Stock Down 0.6 %

ABNB stock opened at $166.41 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month high of $170.10. The company’s 50 day moving average is $154.37 and its two-hundred day moving average is $139.70. The stock has a market cap of $107.68 billion, a P/E ratio of 22.98, a PEG ratio of 2.13 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The company had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Research analysts expect that Airbnb, Inc. will post 4.68 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised their price objective on shares of Airbnb from $140.00 to $150.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 14th. Mizuho raised their price objective on shares of Airbnb from $130.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Needham & Company LLC raised their price objective on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. TheStreet raised shares of Airbnb from a “c-” rating to a “b-” rating in a research note on Tuesday, December 12th. Finally, Wedbush reaffirmed a “neutral” rating and set a $160.00 target price (up previously from $150.00) on shares of Airbnb in a research note on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $144.96.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Airbnb by 9.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock valued at $132,709,000 after acquiring an additional 63,601 shares during the period. TradeLink Capital LLC acquired a new position in shares of Airbnb in the 1st quarter valued at $945,000. Synovus Financial Corp increased its holdings in shares of Airbnb by 22.5% in the 1st quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock valued at $256,000 after acquiring an additional 274 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Airbnb by 27.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock valued at $433,000 after acquiring an additional 549 shares during the period. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Airbnb in the 1st quarter valued at $2,125,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Company Profile

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.