Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $94,344.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $157.24, for a total transaction of $94,344.00. Following the completion of the sale, the chief technology officer now owns 221,104 shares in the company, valued at $34,766,392.96. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Airbnb Stock Performance

ABNB opened at $164.23 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. Airbnb, Inc. has a 52-week low of $103.55 and a 52-week high of $170.10. The firm has a market cap of $106.27 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 2.17 and a beta of 1.25. The business’s fifty day moving average is $160.44 and its 200-day moving average is $143.51.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Sell-side analysts expect that Airbnb, Inc. will post 4.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Compagnie Lombard Odier SCmA increased its position in Airbnb by 34.7% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock worth $4,304,000 after purchasing an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Airbnb by 4.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock worth $1,119,000 after buying an additional 333 shares in the last quarter. Nordea Investment Management AB lifted its stake in shares of Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after acquiring an additional 273,191 shares during the last quarter. LGT Group Foundation boosted its holdings in shares of Airbnb by 8.1% during the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after acquiring an additional 23,716 shares in the last quarter. Finally, Cerity Partners LLC grew its position in Airbnb by 14.4% during the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock worth $13,011,000 after acquiring an additional 12,008 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on ABNB shares. Truist Financial lifted their target price on Airbnb from $118.00 to $131.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Tigress Financial increased their price objective on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a report on Friday, April 5th. UBS Group lowered their target price on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Barclays increased their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Monday, January 29th. Finally, BMO Capital Markets lifted their price objective on shares of Airbnb from $134.00 to $135.00 and gave the company a “market perform” rating in a research report on Wednesday, February 14th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $149.19.

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.