Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $96,930.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now directly owns 222,304 shares in the company, valued at $35,913,211.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Airbnb Trading Down 3.7 %

Shares of ABNB stock opened at $159.37 on Friday. The firm has a market cap of $103.12 billion, a P/E ratio of 22.01, a PEG ratio of 2.12 and a beta of 1.25. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The firm’s 50-day simple moving average is $158.53 and its 200-day simple moving average is $141.53.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The business had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, equities analysts forecast that Airbnb, Inc. will post 4.63 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on ABNB shares. Susquehanna boosted their price objective on shares of Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a research report on Wednesday, February 14th. DA Davidson reiterated a “neutral” rating and issued a $145.00 price objective on shares of Airbnb in a research report on Friday, March 15th. Mizuho boosted 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. Truist Financial boosted their price objective on shares of Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Finally, Barclays boosted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Monday, January 29th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $147.58.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the business. CVA Family Office LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in Airbnb during the 3rd quarter worth approximately $27,000. Bfsg LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $27,000. Trust Co. of Vermont acquired a new stake in Airbnb during the 4th quarter worth approximately $27,000. Finally, West Tower Group LLC increased its position in Airbnb by 747.8% during the 4th quarter. West Tower Group LLC now owns 195 shares of the company’s stock worth $27,000 after purchasing an additional 172 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.