• Home
  • News
  • Airbnb Inc CTO, Aristotle Balogh Sells 2,750 Shares
News

Airbnb Inc CTO, Aristotle Balogh Sells 2,750 Shares

Airbnb Inc CTO, Aristotle Balogh Sells 2,750 Shares

On October 9, 2023, Aristotle Balogh, the CTO (Chief Technology Officer) of Airbnb Inc (NASDAQ: ABNB), offloaded 2,750 shares of the company. This transaction aligns with a broader pattern, as Mr. Balogh has divested a total of 152,750 shares in the past year, without any corresponding purchases.  

Reasons For Selling Aristotle Shares 

Aristotle Balogh holds a pivotal role in Airbnb Inc, a San Francisco-based company known for its online lodging marketplace and tourism offerings accessible in about 220 countries and regions worldwide. As the CTO, Balogh is responsible for maintaining and enhancing the technological infrastructure that underpins Airbnb’s seamless operations.

  • This insider sale mirrors a prevailing trend within Airbnb Inc, which has witnessed 92 insider sell-offs over the past year, with no insider buying activity recorded.
https://twitter.com/WatchlistN/status/1646829264916865026
  • On the day of Balogh’s recent sale, Airbnb Inc shares traded at $124 each, translating to a market capitalization of $82.95 billion. The stock’s price-earnings ratio stands at 37.90, surpassing the industry median of 18.86 but falling short of the company’s historical average.
  • Intriguingly, despite the insider selling, Airbnb Inc seems to be significantly undervalued based on its GF Value. With a market price of $124 and a GF Value of $233.75, Airbnb Inc holds a price-to-GF-Value ratio of 0.53. 

Why is Gurufocus Value Intrinsic? 

The GuruFocus Value is an intrinsic valuation metric.  It takes into account historical factors, a GF adjustment factor, and future performance estimates from Morningstar analysts.

Considering the insider’s actions and the stock’s undervaluation, Airbnb Inc might be an attractive prospect for potential investors who are optimistic about the company’s long-term outlook.

Nevertheless, it’s prudent for potential investors to conduct thorough research. Consider their financial circumstances and assess their risk tolerance before deciding to invest. It’s crucial to note that this article, generated by GuruFocus, is written to provide general insights.

You should not regard it as personalized financial advice. The commentary in historical data and analyst forecasts. Utilizing impartial methodology is not intended as specific investment guidance.

It does not constitute a recommendation to buy or sell any stock. It does not factor in individual investment goals or financial situations. The aim is to offer a data-driven, long-term fundamental analysis. Please be aware that this analysis may not incorporate the most recent, price-sensitive company announcements or qualitative information.  GuruFocus does not hold positions in the stocks mentioned herein.

Read More News By Clicking Below:

author-img

Shahnawaz Alam

Shahnawaz is a passionate and professional Content writer. He loves to read, write, draw and share his knowledge in different niches like Technology, Cryptocurrency, Travel,Social Media, Social Media Marketing, and Healthcare.

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Elon Musk's X Rebrand

Elon Musk’s X Rebrand Reignites His Goal To Turn Twitter Into An App Like China’s WeChat

Elon Musk turned the bird logo of Twitter to X with a specific objective to rebrand Twitter for better future use. Elon Musk's X Rebrand in the Twitter logo aims to make the app almost similar to that of WeChat in China. You must understand the facts well while making your choices perfectly in the correct sequence. You need to identify the best options to make things work well in your favor. You need to identify the best option to help you achieve your goals easily. Without proper knowledge of the situation, things can turn worse for you in all possible manners. You should make things simple from your end. Let’s find out the reasons behind such steps. Reasons For Rebranding The Twitter By Elon Musk There are several reasons for rebranding Twitter by Elon Musk. You must consider the facts perfectly while attaining your aims with complete ease. Now some of the common factors that you must consider at your end are as follows:- Elon Musk's vision is to make Twitter bigger than a social media brand, that why the logo of chicken is replaced by X. The aim and vision of Elon Musk is to make Twitter a communication medium for financial discussion for many business owners. The symbol X is the mark of unlimited interaction between the two parties in the communication process on Twitter. They are aiming to make Twitter a Super app for all its users in the upcoming days. Hence, if you are unaware of the facts, you must go through the complete history of Twitter to make it count in the long run. You must identify the main reasons behind making Twitter a Super App in the future by Elon Musk. You need to go through the aspects and plans of Elon Musk to understand his plans in a better way. Read Also: BlackRock Names Aramco CEO Amin Nasser To Its Board Of Directors BYD & Tesla Were Called In Indonesia For Providing Incentives To EV Makers Microsoft Agrees To Retain Call Of Duty In Play Station Instead Of Activation Buy

Disney+ Subscribers Decline

Disney+ Subscribers Decline As Company’s Streaming Loss Narrows

Disney reported third-quarter earnings after the bell on Wednesday that beat all the expectations after the flagship when ESPN revealed about the 2 billion deals stuck on it. You need to complete the process that can make things easier for you to attain your objectives easily. Let's Understand the reason behind Disney+ Subscribers Decline. Now why did the Disney+ Subscribers decline? It is the billion-dollar question that you need to answer at your end. Disney + subscribers missed all the estimates in the quarter. It has caused the slides in the shares of Disney + after an hour of trading. The stock prices of Disney+ fall at a rapid pace. You need to get through the core details of it to understand the reasons for such a drastic fall in prices. You must mae your selection correctly while easily attaining your aims. https://twitter.com/NBCNews/status/1689483007759908864 Reasons For The Decline Disney+ Subscribers Disney+ subscribers' shares do not fall in a day. A series of events and factors are responsible for it. You need to get through the core details of it to have a clear insight into it. Some of the essential facts that are responsible for it are as follows:- ESPN struck a $2 billion deal with Penn Entertainment to give stiff competition resulting in the decline of Disney + subscribers. Disney subscribers still need to catch up on the estimated share prices of the quarter that resulted in the fall of the share prices. The capital expenditure of Disney has drastically lowered to $5 billion from the previous quarter's $6 billion. Hence, if you want to get through the complete details of it, you will get to know how Disney + subscriber is estimating a role in growth year after year. You need to get through the complete details of it. In the upcoming days Disney will face stiffer competition from its competitors. You have to get through the details of it to have a better idea of it. Read Also: AI Will Bring ‘Carnage’ To Wealth Management, Strategist Says Rivian Raises Production Target, Sees Narrower Loss For 2023 Amazon Online Sales Improve Despite Economy Fears

Apple Event

Apple Event: Here’s Everything The iPhone Maker Unveiled On Tuesday

AAPL held its significant product launch on Tuesday. Its new ideas and inventions have surprised the world many times. The event has big expectations for millions of consumers and world watchers of the company.   Most of the time, Apple did not raise the prices for the new iPhone Max as the sole exception. You need to get through the complete process that can assist you in reaching your goals with absolute clarity. The iPhone maker will unveil some of the essential facts that can help you to reach your goals with complete clarity. Here, all the company's products are shown off for the first time. The reason is that Cupertino and California headquarters have announced. some essential facts about the iPhone. Essential Announcements Of Apple On Tuesday   There are several essential announcements of Apple on Tuesday that Apple iPhone makers must be well aware of. You need to get through the complete process that can assist you in reaching your requirements with absolute ease.    Apple revealed its latest smartphones, like the iPhone 15 & 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max. The starting price of the iPhone 15 is $799. The iPhone 15 Plus comes with a base price of $899, and the iPhone Pro 15 and Pro 15 Max start from the price of  $999 and $1199, respectively. The pre-orders of the iPhone 15 will start on September 15 and September 22. You have to get through the process that can make things easier for you to reach your goals. Hence, these are some essential facts about the Apple iPhone's latest event announcements that you must be aware of when you want to reach your goals. You need to get through the details of the Apple event to have a better idea about the iPhone makers that can help you to know about the latest orders of the Apple iPhone. You should not make your selection incorrectly while attaining your requirements with complete ease. Read Also: Canada Stops Advertising With Facebook And Instagram On News Row $852 Billion Surge Lead By Zuckerberg Among The World’s Richest People Goldman Sachs Recommends 5 Stocks To Buy As It Updates About AI’s Role In The Music Industry

The AI Market Will Be Worth $600 Billion

The AI Market Will Be Worth $600 Billion, Nvidia Exec Says

Speaking from the standing room of the crowd of Communicopia, Goldman Sachs and the Tech Conference on Tuesday clearly stated that the AI market will become more significant in the upcoming days and is worth $600 billion. According to the report of Das, the total dependable market of AI is worth $300 billion in Chips. $150 billion in AI software and $150 billion in sales for Omniverse that can deliver the required amount of money. Most of the time, the total adds up to $600 billion in the fueled industry. It is one of the best Nvidia markets that the executives are working on. You need to complete the process that can assist you in attaining your requirements quickly. Reasons Why AI Market Will Grow In Upcoming Years  There are several reasons why the AI market will grow in the upcoming years. It will exceed the market demand and meet the market supply in the forthcoming years. There are some specific reasons why the AI market will grow in the coming years. Nvidia stocks will soar high 232% on an average per year basis. It will move further in the upcoming years. It will assist you in attaining your business goals with complete clarity. The dependency on AI has increased a lot over time. So, the AI market will snowball over time without creating any issues. CPU trajectory has changed over time. The prices of AI services will Soar high in the upcoming years. It will make things easier for you to get your business objectives easily. Hence, the chances are strong that the AI market will capture the significant IT industries over time. You need to understand the realities to reach your objectives easily and goals. You have to identify the best options that can enhance the chances of your brand improvement. Read More: Hollywood Actors Flock To Cameo To Make Money Amid Strikes As Job Losses Mount Amazon Shareholder Sues Board, Bezos Over Blue Origin Launch Contracts Why The US War With Big Tech Could Have Unintended Consequences?