Aristotle N. Balogh Sells 600 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $132.27, for a total transaction of $79,362.00. Following the completion of the sale, the chief technology officer now owns 212,777 shares of the company’s stock, valued at $28,144,013.79. This trade represents a 0.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Airbnb Trading Up 1.2%

Shares of Airbnb stock opened at $132.15 on Wednesday. The business’s fifty day moving average price is $128.80 and its 200 day moving average price is $130.50. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock has a market capitalization of $82.78 billion, a P/E ratio of 33.37, a PEG ratio of 2.44 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a report on Thursday, April 17th. BTIG Research reissued a “neutral” rating on shares of Airbnb in a report on Wednesday, May 28th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, May 2nd. JPMorgan Chase & Co. cut their price objective on Airbnb from $160.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on shares of Airbnb from $160.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Five research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.23.

Institutional Investors Weigh In On Airbnb

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Airbnb by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 37,462,629 shares of the company’s stock worth $4,475,286,000 after purchasing an additional 604,120 shares during the period. Harris Associates L P lifted its stake in shares of 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 purchasing an additional 4,598,125 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after buying an additional 72,991 shares during the period. Northern Trust Corp grew its stake in shares of Airbnb by 2.5% in the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after buying an additional 106,135 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Airbnb by 147.3% during the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the period. 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.