Aristotle Balogh, the Chief Technology Officer of Airbnb Inc (ABNB, Financial), sold 600 shares of the company on September 10, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 196,444 shares of Airbnb Inc.
Over the past year, Aristotle Balogh has sold a total of 419,028 shares and has not purchased any shares. This latest transaction is part of a broader trend observed within the company, where there have been 122 insider sells and no insider buys over the past year.
Airbnb Inc, a company that operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities, saw its shares trading at $117.01 on the day of the transaction. This pricing values the company with a market cap of approximately $74.22 billion.
The current price-earnings ratio of Airbnb Inc stands at 15.97, which is below both the industry median of 18.265 and the company’s historical median. Additionally, with a GF Value of $166.34, the stock is considered Modestly Undervalued, having a price-to-GF-Value ratio of 0.7.
The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor related to past returns and growth, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking insider behaviors as an indicator of the company’s future performance or stock valuation adjustments.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
