Aristotle Balogh, the Chief Technology Officer of Airbnb Inc (ABNB, Financial), sold 600 shares of the company on September 17, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 195,844 shares of Airbnb Inc.
Airbnb Inc operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities. It is based in San Francisco, California.
Over the past year, Aristotle Balogh has sold a total of 419,628 shares and has not purchased any shares. This recent sale is part of a broader trend within Airbnb Inc, where there have been 121 insider sells and no insider buys over the past year.
On the date of the sale, shares of Airbnb Inc were trading at $120, giving the company a market cap of $82.64 billion. The price-earnings ratio of Airbnb Inc stands at 17.78, which is lower than the industry median of 18.555 and also below the company’s historical median.
The stock's GF Value is estimated at $166.73, indicating that at the current price of $120, Airbnb Inc is considered Modestly Undervalued with a price-to-GF-Value ratio of 0.72.
The insider transaction history and the GF Value suggest a potential undervaluation of Airbnb Inc's shares. The GF Value is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This insider sale could be of interest to investors tracking insider behaviors and evaluating the stock’s valuation metrics such as the price-sales ratio, price-book ratio, and price-to-free cash flow in relation to the company's current market performance and future outlook.
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.
