Airbnb, Inc. (NASDAQ:ABNB) CTO Sells $97,200.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $162.00, for a total value of $97,200.00. Following the sale, the chief technology officer now owns 219,904 shares in the company, valued at approximately $35,624,448. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Airbnb Stock Down 6.9 %

Shares of NASDAQ:ABNB traded down $10.85 during midday trading on Thursday, hitting $147.05. 14,791,206 shares of the stock were exchanged, compared to its average volume of 4,584,189. 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 business’s fifty day simple moving average is $161.68 and its two-hundred day simple moving average is $145.50. The company has a market capitalization of $95.15 billion, a PE ratio of 20.34, a P/E/G ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. During the same period last year, the company earned $0.18 earnings per share. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, research analysts predict that Airbnb, Inc. will post 4.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. TD Cowen dropped their price target on Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and raised their target price for the company from $150.00 to $200.00 in a research report on Wednesday, April 24th. JPMorgan Chase & Co. raised their target price on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research report on Thursday. Wells Fargo & Company raised their target price on Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $160.00 price target on shares of Airbnb in a research note on Thursday. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $151.91.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently bought and sold shares of the stock. Compagnie Lombard Odier SCmA grew its position in shares of Airbnb by 34.7% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after purchasing an additional 8,140 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Airbnb by 4.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the last quarter. Nordea Investment Management AB grew its position in shares of Airbnb by 27.5% in the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares during the last quarter. LGT Group Foundation grew its position in shares of Airbnb by 8.1% in the third quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of Airbnb by 14.4% in the fourth quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after purchasing an additional 12,008 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

About Airbnb

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.