Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $157.24, for a total value of $94,344.00. Following the transaction, the chief technology officer now directly owns 221,104 shares of the company's stock, valued at $34,766,392.96. 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 $163.01 on Friday. Airbnb, Inc. has a twelve month low of $103.55 and a twelve month 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 stock has a 50 day moving average of $160.20 and a two-hundred day moving average of $143.17. The stock has a market cap of $105.48 billion, a P/E ratio of 22.52, a P/E/G ratio of 2.06 and a beta of 1.25.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly 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. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The business had revenue of $2.22 billion during the quarter, compared to analysts' expectations of $2.16 billion. On average, research analysts forecast that Airbnb, Inc. will post 4.64 earnings per share for the current year.
Analyst Upgrades and Downgrades
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A number of brokerages have recently commented on ABNB. UBS Group lowered their price objective on Airbnb from $148.00 to $143.00 and set a "neutral" rating for the company in a research report on Wednesday, February 14th. B. Riley Financial began coverage on Airbnb in a research report on Wednesday, April 3rd. They set a "neutral" rating and a $150.00 price objective for the company. Mizuho raised Airbnb from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $150.00 to $200.00 in a research report on Wednesday. Bank of America boosted their price objective on Airbnb from $155.00 to $168.00 and gave the stock a "neutral" rating in a research report on Thursday, March 14th. Finally, DA Davidson reissued a "neutral" rating and set a $145.00 price objective on shares of Airbnb in a research report on Friday, March 15th. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $149.19.
View Our Latest Report on Airbnb
Institutional Investors Weigh In On Airbnb
Several large investors have recently modified their holdings of ABNB. Vanguard Group Inc. raised its stake 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 purchasing an additional 10,301,746 shares during the last quarter. Norges Bank purchased a new position in Airbnb in the fourth quarter worth $619,584,000. Edgewood Management LLC raised its position in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company's stock worth $1,690,556,000 after acquiring an additional 2,135,529 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Airbnb in the third quarter worth $235,338,000. Finally, Northern Trust Corp raised its position in Airbnb by 41.3% in the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company's stock worth $598,745,000 after acquiring an additional 1,276,456 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.
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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