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 9th. The shares were sold at an average price of $161.55, for a total transaction of $96,930.00. Following the completion of the transaction, the chief technology officer now directly owns 222,304 shares in the company, valued at $35,913,211.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Airbnb Trading Up 3.2 %
ABNB opened at $165.42 on Friday. Airbnb, Inc. has a 1-year low of $103.55 and a 1-year high of $170.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. The company has a market cap of $107.04 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 2.05 and a beta of 1.25. The company has a fifty day moving average price of $158.27 and a two-hundred day moving average price of $141.29.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Analysts predict that Airbnb, Inc. will post 4.63 EPS for the current fiscal year.
Analyst Ratings Changes
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A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Airbnb from $140.00 to $150.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 14th. Piper Sandler lifted their price objective on shares of Airbnb from $136.00 to $145.00 and gave the company a "neutral" rating in a research note on Wednesday, February 14th. Tigress Financial lifted their price objective on shares of Airbnb from $185.00 to $195.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Truist Financial boosted their target price on shares of Airbnb from $118.00 to $131.00 and gave the stock a "hold" rating in a research note on Thursday, March 14th. Finally, Bank of America boosted their target price on shares of Airbnb from $155.00 to $168.00 and gave the stock a "neutral" rating in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Airbnb currently has a consensus rating of "Hold" and a consensus price target of $147.58.
View Our Latest Research Report on Airbnb
Institutional Investors Weigh In On Airbnb
Several hedge funds and other institutional investors have recently made changes to their positions in ABNB. CVA Family Office LLC bought a new stake in shares of Airbnb during the fourth quarter worth about $26,000. Orion Capital Management LLC bought a new stake in Airbnb in the 3rd quarter worth about $27,000. Bfsg LLC purchased a new stake in shares of Airbnb during the 4th quarter valued at approximately $27,000. Trust Co. of Vermont purchased a new stake in shares of Airbnb during the 4th quarter valued at approximately $27,000. Finally, West Tower Group LLC lifted its stake in shares of Airbnb by 747.8% during the 4th quarter. West Tower Group LLC now owns 195 shares of the company's stock valued at $27,000 after buying an additional 172 shares in the last quarter. 80.76% of the stock is owned by institutional investors.
About Airbnb
(
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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