Airbnb CTO Sells Shares Worth $90,706

On February 4th, Aristotle N. Balogh, the Chief Technology Officer of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report), sold 700 shares of the company's stock in a transaction valued at $90,706.00. The shares were sold at an average price of $129.58 each. Following this sale, Balogh retains ownership of 181,914 shares, which are valued at around $23,572,416.12. This sale marks a 0.38% decrease in his ownership of the company's stock. The details of the transaction were disclosed in a filing with the Securities and Exchange Commission.

Airbnb's Recent Stock Performance

During midday trading on Thursday, Airbnb's stock saw an increase of $2.97, bringing the price to $132.57. The trading volume stood at 3,686,810 shares, while the average volume is 3,890,243. Over the past year, Airbnb's stock has fluctuated between a low of $110.38 and a high of $170.10. The company's fifty-day simple moving average is $133.11, and the two-hundred-day simple moving average is $130.26. Financially, Airbnb has a quick ratio of 1.62, a current ratio of 1.62, and a debt-to-equity ratio of 0.23. Additionally, the company boasts a market capitalization of $84.05 billion, with a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 1.72, and a beta of 1.12.

Earnings Report Highlights

Airbnb recently released its quarterly earnings data on November 7th. The company reported earnings per share (EPS) of $2.13, which fell short of the consensus estimate of $2.17 by $0.04. During this quarter, Airbnb achieved a net margin of 16.96% and a return on equity of 32.88%. The firm's revenue reached $3.73 billion, aligning closely with analyst estimates of $3.72 billion. In the previous year, the company reported an EPS of $2.39. Analysts forecast that Airbnb will record an EPS of 3.98 for the current fiscal year.

Institutional Investment Activity

Recently, several hedge funds and institutional investors have shown interest in Airbnb's stock. For instance, Golden State Wealth Management LLC established a new position in Airbnb valued at approximately $25,000 during the fourth quarter. Northwest Investment Counselors LLC and Berbice Capital Management LLC also made new investments in the company, each worth around $25,000 and $26,000 respectively. Hollencrest Capital Management notably increased its position in Airbnb by a staggering 6,666.7% during the third quarter, acquiring 203 shares totaling $26,000. Currently, institutional investors and hedge funds own about 80.76% of Airbnb's stock.

Analyst Ratings and Insights

Airbnb has been the subject of several recent analyst reports. Notably, DA Davidson raised its price target from $125.00 to $131.00, maintaining a "neutral" rating as of November 18th. Similarly, JPMorgan Chase & Co. increased its price target from $121.00 to $142.00 with a "neutral" stance, while Jefferies Financial Group lifted its target to $135.00, also issuing a "hold" rating. Robert W. Baird set a price target of $140.00 with a "neutral" rating. As of now, six investment analysts rated the stock as a sell, twenty provided a hold rating, and eight gave a buy rating. The stock currently holds an average rating of "Hold" with an average price target of $139.63.

About Airbnb

Airbnb, Inc. operates a platform that connects hosts and guests for stays and experiences worldwide. The company's marketplace enables users to book a variety of accommodations, including private rooms, entire homes, and vacation rentals.

Airbnb, Stock, CTO