Airbnb (NASDAQ:ABNB) CTO Aristotle Balogh Sells 549 Shares

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CTO Aristotle Balogh sold 549 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $116.04, for a total transaction of $63,705.96. Following the completion of the sale, the chief technology officer directly owned 187,686 shares of the company’s stock, valued at approximately $21,779,083.44. This trade represents a 0.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded down $0.30 on Tuesday, hitting $118.50. 6,584,417 shares of the company were exchanged, compared to its average volume of 5,180,614. The company’s 50 day moving average price is $121.70 and its two-hundred day moving average price is $127.80. The firm has a market capitalization of $72.94 billion, a price-to-earnings ratio of 28.15, a PEG ratio of 2.06 and a beta of 1.11. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the business posted $2.13 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently added to or reduced their stakes in the company. Harris Associates L P grew its stake in Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after buying an additional 4,598,125 shares during the last quarter. Independent Franchise Partners LLP bought a new position in shares of Airbnb in the third quarter valued at approximately $505,672,000. Norges Bank acquired a new position in shares of Airbnb in the 2nd quarter worth approximately $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after acquiring an additional 2,724,682 shares in the last quarter. Finally, AQR Capital Management LLC grew its position in Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. BNP Paribas initiated coverage on Airbnb in a report on Monday, November 24th. They set a “hold” rating on the stock. Mizuho set a $156.00 price target on shares of Airbnb in a research note on Friday, November 7th. Wedbush reissued a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a report on Friday, November 7th. Zacks Research upgraded shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Finally, Royal Bank Of Canada lifted their target price on shares of Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $143.58.

View Our Latest Analysis on ABNB

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.

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