A recent SEC filing has revealed that Aristotle Balogh, Chief Technology Officer of Airbnb Inc (ABNB, Financial), sold 2,750 shares of the company on December 26, 2023. The transaction was executed at an average price of $141 per share, resulting in a total sale amount of $387,750.
Airbnb Inc operates an online marketplace for lodging, primarily homestays for vacation rentals, and tourism activities. It is based in San Francisco, California, and offers access to millions of unique places to stay in more than 100,000 cities and 191 countries and regions worldwide.
Over the past year, the insider has sold a total of 140,250 shares of Airbnb Inc and has not made any purchases of the stock. The recent sale by the insider is part of a broader trend observed over the past year, where there have been no insider buys and 107 insider sells for the company.
On the day of the insider's recent sale, shares of Airbnb Inc were trading at $141, giving the company a market cap of $87.24 billion.
The stock's price-earnings ratio stands at 16.46, which is below the industry median of 19.825 and also below the company’s historical median price-earnings ratio. This valuation metric suggests that the stock is trading at a lower multiple compared to its peers and its own historical valuation.
According to the GuruFocus Value indicator, with a share price of $141 and a GF Value of $177.20, Airbnb Inc has a price-to-GF-Value ratio of 0.8. This indicates that the stock is considered to be Modestly Undervalued based on its GF Value.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the selling pattern of insiders over the past year, which aligns with the recent transaction by the Chief Technology Officer.
The GF Value image provides a visual representation of the stock's current valuation in relation to its intrinsic value estimate, supporting the notion that Airbnb Inc's stock is currently trading below its GF Value.
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.
