Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CTO Sells 700 Shares of Stock

On February 18th, Aristotle N. Balogh, the Chief Technology Officer (CTO) of Airbnb, Inc. (NASDAQ:ABNB), sold 700 shares of the company's stock. The shares were sold at an average price of $161.05, resulting in a total sale amount of $112,735.00. After this transaction, Balogh now directly holds 180,514 shares of Airbnb, which amounts to an approximate value of $29,071,779.70. This sale reflects a 0.39% decrease in his ownership of the company's stock. The details of this transaction were submitted in a filing to the Securities and Exchange Commission (SEC), and interested parties can find the document on the SEC’s website.

Airbnb Price Performance

During midday trading on Thursday, shares of Airbnb, Inc. saw a decline of $2.67, bringing the stock price down to $155.31. The trading volume on that day reached 5,097,997 shares, slightly below the average volume of 5,117,667 shares. Airbnb currently has a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Over the past twelve months, the stock has recorded a low of $110.38 and a high of $170.10. The company’s 50-day simple moving average stands at $134.80, with a 200-day simple moving average of $130.65. Its total market capitalization is $98.46 billion, and the price-to-earnings ratio is at 37.61.

Financial Performance

Airbnb reported its latest quarterly earnings on February 13th, revealing earnings of $0.73 per share, which exceeded analysts' expectations of $0.61 by $0.12. The company recorded a net margin of 23.85% and a return on equity of 32.29%. Analysts predict that Airbnb, Inc. will generate 4.29 earnings per share for the current fiscal year.

Institutional Investing Trends

Recent activity from institutional investors and hedge funds indicates a growing interest in Airbnb. For instance, Northwest Investment Counselors LLC and Golden State Wealth Management LLC both acquired new positions in Airbnb in the last few quarters, valued around $25,000 each. Meanwhile, Hollencrest Capital Management saw a substantial increase, boosting its position by 6,666.7% during the third quarter and now owning 203 shares worth $26,000. Overall, institutional investors and hedge funds now control about 80.76% of Airbnb's stock.

Stock Ratings from Analysts

Equities analysts have provided various ratings for Airbnb's stock. For example, Phillip Securities has maintained a "reduce" rating with a target price of $120.00. Meanwhile, DA Davidson has adjusted its price target from $131.00 to $170.00, giving Airbnb a "neutral" rating. Other changes include Robert W. Baird’s upgrade of the stock from "neutral" to "outperform," raising the price target to $175.00. HSBC also upgraded its rating from "hold" to "buy". Currently, five analysts have rated the stock as a sell, nineteen as hold, twelve as buy, and two as strong buy, indicating a consensus hold rating with an average price target of $147.00.

About Airbnb

Airbnb, Inc., along with its subsidiaries, operates an online marketplace where hosts can offer various accommodations and experiences to guests around the world. The platform enables seamless connections between hosts and guests, allowing users to book a diverse range of lodging options, including private rooms and vacation homes.

Airbnb, Shares, CTO