Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $160.71, for a total transaction of $96,426.00. Following the completion of the transaction, the chief technology officer now directly owns 143,131 shares in the company, valued at approximately $23,002,583.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Airbnb Price Performance
Shares of NASDAQ:ABNB opened at $158.84 on Friday. 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 firm has a market cap of $102.78 billion, a PE ratio of 21.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.25. The firm's fifty day moving average is $156.91 and its 200-day moving average is $140.43.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, topping the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Sell-side analysts predict that Airbnb, Inc. will post 4.68 earnings per share for the current year.
Analyst Ratings Changes
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A number of equities analysts recently weighed in on ABNB shares. Needham & Company LLC upped their target price on shares of Airbnb from $150.00 to $160.00 and gave the stock a "buy" rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. boosted their target price on Airbnb from $118.00 to $140.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Bank of America lifted their target price on Airbnb from $155.00 to $168.00 and gave the company a "neutral" rating in a research report on Thursday, March 14th. BMO Capital Markets raised their price target on Airbnb from $134.00 to $135.00 and gave the company a "market perform" rating in a research note on Wednesday, February 14th. Finally, DA Davidson reiterated a "neutral" rating and set a $145.00 price objective on shares of Airbnb in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $145.83.
Check Out Our Latest Stock Analysis on ABNB
Institutional Trading of Airbnb
Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in shares of Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company's stock worth $4,697,896,000 after buying an additional 10,301,746 shares during the period. Edgewood Management LLC lifted its stake in shares of Airbnb by 20.8% in the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company's stock valued at $1,690,556,000 after purchasing an additional 2,135,529 shares during the period. Norges Bank acquired a new stake in Airbnb during the fourth quarter worth approximately $619,584,000. Geode Capital Management LLC lifted its stake in Airbnb by 3.1% in the first quarter. Geode Capital Management LLC now owns 4,464,099 shares of the company's stock valued at $555,202,000 after buying an additional 132,429 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Airbnb by 41.3% during the 3rd quarter. Northern Trust Corp now owns 4,363,711 shares of the company's stock worth $598,745,000 after buying an additional 1,276,456 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.
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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