Aristotle Balogh, the Chief Technology Officer of Airbnb Inc (ABNB, Financial), sold 600 shares of the company on October 8, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 194,044 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 413,178 shares of Airbnb Inc and has not purchased any shares. This recent sale is part of a broader trend observed within the company, where there have been 119 insider sells and no insider buys over the past year.
On the date of the sale, shares of Airbnb Inc were trading at $130.15. This pricing gives the company a market cap of approximately $83.99 billion. The price-earnings ratio of Airbnb Inc stands at 18.07, which is lower than the industry median of 19.155 and also below the company’s historical median.
The stock’s valuation according to the GF Value is set at $167.60, indicating that with a current price of $130.15, Airbnb Inc is modestly undervalued with a price-to-GF-Value ratio of 0.78.
The GF Value is calculated considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might draw the attention of current and potential investors, especially considering the company's valuation and the ongoing trends in insider transactions.
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.
