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.
- 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:
Recent
Joplin MO Attorneys: Expert Legal Services for Every Need
July, 07 2024
Celebrate Mother’s Day with a Special Brunch at HMD Bar & Grill, Chicago
July, 07 2024
Why You Need to Hire a Connecticut Wrongful Termination Attorney
July, 07 2024
Techniques for Boosting Liquidity and Unlocking Cash Flow in Your Business
June, 06 2024
Related Articles
Indian Billionaire Gautam Adani Becomes The Second Richest Man In The World
According to the latest reports, Indian Billionaire Gautam Adani has become the second richest person in the world, overtaking Bernard Arnault and family. He is the first Indian to reach this position. He now stands at the second position on the Forbes Real Time Billionaires List. The Chairman of Adani Groups beats Amazon founder Jeff Bezos as well as Bernard Arnault, the famous French Tycoon, to reach his current position. Adani added 5.2 billion dollars USD to his net worth, according to Forbes reports. This makes his net worth a total of around 155 billion dollars USD. In Indian money, his net worth is around twelve lakh crore (₹12 lakh crore). Adani’s sudden jump to become the second richest person on the earth means that he is now only behind Elon Musk, the founder and owner of Tesla and SpaceX. Musk’s net worth is currently at 273.5 billion dollars USD. The other Indian Billionaire who is on the list of the World’s Billionaires is Mukesh Ambani with a net worth of 92.1 billion dollars USD. Read More: Jeff Bezos Biography, Net Worth, Business, Age, & MoreElon Musk Biography, Business, Net Worth, Age And MoreGautam Adani Becomes The Third Richest Person In The World Surpassing Bernard Arnault
September, 09 2022
Amazon Online Sales Improve Despite Economy Fears
Amazon’s e-commerce business parked up in the three months of June after it faced a sluggish economy. Upstick follows a significant push by the boss known as Andy Jassy. It makes the online shopping giants a more comprehensive delivery network. It will run faster and more smoothly. It helps drive overall sales by 11% more than expected. You need to take care of the facts to meet your goals with complete clarity. Amazon’s July prime day was one of the largest 375 million items purchased. Andy Jassy showed another more decisive quarter for the complete progress in the process. You have to take care of the facts. Online shopping has increased to maximum heights in the upcoming years. Reason For The Sales Improvement In Amazon There are several reasons for the sales improvement in Amazon that you must know at your end to meet your goals with complete ease. You have to get through the entire process to meet your requirements with absolute ease. The analyst's expectation has surpassed the expectation for a quarterly profit of $6.7 billion. Online shopping analysts have shown that they are driven far more by units. It has worked in the cloud computing business. AWS sales stabilized by 12% on a year and year basis. It has been one of the best sales turnover and profitability over the years. You have to get through the process to make things work well in your favor within a specific time. Hence, in the upcoming years, the sales of Amazon will continue to rise due to the constant growth rate over the years. You need to get things done in the perfect order while attaining your requirements with complete ease. You have to identify the best solution that can help your business grow correctly while attaining your objectives with absolute ease. You can feel free to share your views in the right sequence while attaining your targets with complete ease. Read More: Mattel Toy Firm Hunts For £3,500 A Week Chief Uno Player Uber Forecasts Quarterly Operating Profit Above Estimates On Ride-Hailing Demand J&J Effort To Resolve Talc Lawsuits In Bankruptcy Fails A Second Time After Judge Tosses Suit
August, 08 2023
J&J Effort To Resolve Talc Lawsuits In Bankruptcy Fails A Second Time After Judge Tosses Suit
The US judge on Friday put forward decisions against Johnson and Johnson's second attempt to resolve the 10 thousand lawsuits imposed on J &J talc powder. Over the bankruptcy of its talc products, its imperiling proposed $8.9 billion settlement. The US bankruptcy Micheal Kaplan in Trenton and New Jersey has ruled out the second bankruptcy like its first one. You have to take care of the immediate financial distress on this company. You have to go through the facts of Johnson and Johnson to understand it better. You need to explore the points to have a better idea of it. You must make your choices in the right direction. Reasons For Johnson & Johnson Bankruptcy There are several reasons for Johnson & Johnson's bankruptcy cases. You have to take care of the facts to meet your requirements quickly. You have to ensure that the scope of errors is less in knowing the reality with complete accuracy. US bankruptcy judges believe that the second bankruptcy must be dismissed to avoid the company's financial distress. Immediate financial distress will close the door for chapter 11 of the J&J case, so it will help them to overcome the financial problems with complete ease. J&J believes that they will defend themselves against Kaplan’s decisions and revive their financial downfall to a great extent. Hence, if you want to know more about the case, you must follow the complete verdict of Kaplan’s case. It will offer you absolute clarity in why these things have happened in your favor. You have to take care of this fact. You have to take care of the facts that can assist you in reaching your goals with complete ease and clarity within an estimated time frame. You must follow the process to meet your targets with absolute clarity within a specific time frame. Read Also: Samsung Electronics Flags 96% Drop In Q2 Profit As Chip Glut Drags On $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
August, 08 2023
Rivian Raises Production Target, Sees Narrower Loss For 2023
Electric adventure vehicle maker Rivian raised the production target and narrowed the previous losses considerably. Most importantly, it has increased the production guidance and narrowed down the loss projection to a considerable extent. You have to go through the details of the Rivian methodology that has resulted in the rise of the production target to a considerable extent. The rise of the profitability of Rivian is done over time. It takes lots of time, effort, and money to achieve this feat of success. The $4.2 billion EBIDTA loss projection in the last quarter. Still, it has a projection of considerable gross profit in 2024. You need to take care of the facts perfectly while attaining your objectives with complete clarity. Reason For The Rise In Profit Of Rivian There are several reasons for the rise of the profitability of Rivian. You need to know the facts well to validate your knowledge behind this fact. You have to get through the process to attain your objectives with ease. Rivian has surpassed the annual production target of 50000 vehicles to 52000 in the last quarter. Loss of $4.3 billion narrowed down to $4.2 billion. It is another reason less loss this quarter. The gross profit per vehicle got improved by $35000. It is another reason for the better profit margin of Rivian in the last quarter. Hence, if you want to grow your business in the correct order, you must take care of the mentioned facts. In the upcoming years, its profitability will rise further. You need to the care of these factors when you want to get things done in perfect order. Rivian’s business tactics and strategy are far superior to its competitors present in the market, can it has the potential to become the new hope of the vehicle sector in the upcoming years. Read Also: Paramount To Sell Simon & Schuster To KKR For $1.62 Billion Uber Forecasts Quarterly Operating Profit Above Estimates On Ride-Hailing Demand J&J Effort To Resolve Talc Lawsuits In Bankruptcy Fails A Second Time After Judge Tosses Suit
August, 08 2023