Airbnb CTO Sells Shares Amid Company Updates

Airbnb, Inc. (NASDAQ:ABNB) recently saw its Chief Technology Officer, Aristotle N. Balogh, sell 700 shares of the company's stock on Tuesday, February 18th. The shares were sold at an average price of $161.05, totaling approximately $112,735. Following this transaction, Balogh now owns 180,514 shares in Airbnb, valued at about $29,071,779.70. This sale reflected a 0.39% decrease in his overall stake in the company. The details of the transaction were filed with the Securities and Exchange Commission (SEC) and can be found on their official website.

Airbnb Price Performance

On Thursday, shares of NASDAQ:ABNB traded down $2.67, bringing the price to $155.31 during midday trading. The trading volume reached 5,097,997 shares, slightly below the average volume of 5,117,667 shares. Current financial ratios for Airbnb include a quick ratio and current ratio of 1.69, and a debt-to-equity ratio of 0.24. The company has seen a low of $110.38 and a high of $170.10 over the past year. The 50-day and 200-day simple moving averages stand at $134.80 and $130.65, respectively, while Airbnb's market capitalization is approximately $98.46 billion, with a price-to-earnings ratio of 37.61 and a price-to-earnings-growth ratio of 3.89.

Quarterly Earnings Insights

Airbnb last released its quarterly earnings on Thursday, February 13th, reporting $0.73 earnings per share for the quarter, which exceeded analysts' estimates of $0.61 by $0.12. The company has maintained a net margin of 23.85% and a return on equity of 32.29%. Analysts project that Airbnb, Inc. will achieve earnings per share of 4.29 for the current year.

Activity Among Institutional Investors

There has been notable activity among institutional investors regarding Airbnb. Northwest Investment Counselors LLC made a new investment in Airbnb during the third quarter amounting to approximately $25,000. Similarly, Golden State Wealth Management LLC added shares worth about $25,000 in the fourth quarter. Hollencrest Capital Management significantly increased its stake in Airbnb by 6,666.7% during the third quarter. They now hold 203 shares valued at $26,000 after acquiring an additional 200 shares recently. Berbice Capital Management LLC also joined the ranks of institutional investors by acquiring shares valued around $26,000, as did Orion Capital Management LLC with a new position of approximately $28,000. Collectively, institutional investors and hedge funds control 80.76% of Airbnb's stock.

Analyst Ratings Overview

Recent evaluations from analysts on Airbnb's stock have seen various ratings changes. Phillip Securities reaffirmed a "reduce" rating with a target price of $120.00 on November 12th. In contrast, DA Davidson raised its price objective for Airbnb from $131.00 to $170.00 while maintaining a "neutral" rating as of February 14th. Robert W. Baird upgraded Airbnb from "neutral" to "outperform" and adjusted its price target from $140.00 to $175.00 also on February 14th. HSBC also shifted its perspective, moving Airbnb from a "hold" rating to a "buy" rating on the same date. Lastly, Piper Sandler raised its price target from $125.00 to $145.00 while retaining a "neutral" rating on November 8th. Currently, five analysts advise selling the stock, nineteen recommend a hold, while twelve favor buying, with two assigning a strong buy rating. According to data from MarketBeat.com, the average rating is "Hold" with a consensus price target of $147.00.

About Airbnb, Inc.

Airbnb, Inc. operates a platform that connects hosts to guests worldwide, allowing hosts to offer various stays and experiences. The marketplace facilitates the booking of private rooms, primary homes, and vacation homes through both online and mobile platforms.

Investment Considerations

Considering investing in Airbnb? It's essential to stay informed about stock performance and analyst outlooks. Presently, many analysts have a "Hold" rating for Airbnb stock. However, they suggest focusing on other stocks with strong buy signals that show better potential for returns.

Airbnb, CTO, Shares, Earnings, Investors