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

Recently, Airbnb, Inc. (NASDAQ:ABNB) announced that its Chief Technology Officer, Aristotle N. Balogh, sold 700 shares of the company's stock on February 18th. The shares were sold at an average price of $161.05, which brought the total transaction amount to $112,735. After this sale, Balogh now owns 180,514 shares of Airbnb, valued at approximately $29,071,779.70. This transaction reflects a 0.39% decrease in his ownership of the company’s stock. The details of the sale were disclosed in a filing with the Securities and Exchange Commission (SEC), which can be found on their website.

Airbnb Price Performance

On Thursday, during midday trading, shares of NASDAQ ABNB decreased by $2.67, bringing the price down to $155.31. The trading volume captured was 5,097,997 shares, which is close to its average volume of 5,117,667 shares. The company shows solid financial metrics with a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Over the past year, Airbnb's stock has ranged from a low of $110.38 to a high of $170.10. The business maintains a market capitalization of about $98.46 billion, with a price-to-earnings ratio standing at 37.61.

Recent Earnings Results

Airbnb recently released its quarterly earnings on February 13th, reporting an earnings per share (EPS) of $0.73, which exceeded analysts' expectations of $0.61 by $0.12. The company achieved a net margin of 23.85% and a return on equity (ROE) of 32.29%. Analysts forecast that Airbnb will report an EPS of 4.29 for the current year.

Institutional Investor Activity

There has been significant activity among institutional investors and hedge funds regarding Airbnb shares. Northwest Investment Counselors LLC and Golden State Wealth Management LLC both acquired new positions valued at approximately $25,000. Hollencrest Capital Management made a remarkable acquisition, increasing its position in the third quarter by 6,666.7%. They now hold 203 shares valued at about $26,000. Additionally, several other funds have entered new positions, indicating that institutional investors own 80.76% of Airbnb's stock.

Analyst Ratings Overview

Multiple equity analysts have recently provided their ratings and price targets for ABNB shares. Phillip Securities reiterated a "reduce" rating alongside a target price of $120.00. Conversely, DA Davidson raised its price objective from $131.00 to $170.00, maintaining a "neutral" rating. Robert W. Baird upgraded the rating from "neutral" to "outperform" while adjusting the price target from $140.00 to $175.00. Meanwhile, HSBC upgraded its rating from "hold" to "buy." Currently, aggregated analyst ratings show five with a sell rating, nineteen as hold, twelve as buy, and two as strong buy. The average rating remains at "Hold" with a consensus price target of $147.00.

About Airbnb

Airbnb, Inc., along with its subsidiaries, manages a platform that allows hosts to offer various rental accommodations and experiences to guests worldwide. It primarily features private rooms, full homes, and vacation properties, connecting hosts and guests through its online and mobile services.

Insider, Stock, Transaction