• 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

Polestar Stock Slides On Production Forecast Cut

Polestar Stock Slides On Production Forecast Cut, New Funding Announcement

Polestar stock slides on the Production forecast cut on Thursday by 8.7%. They are an electric luxury vehicle maker and have been suffering from stock displacements for a long time. It's raising new funding from its backers, Volvo Car and China Geely. Polestar said that there were 2023 deliveries with approximately 60000 vehicles. For this year, the gross margin will rise to 2%. The company comprises a delivery target between 60000 and 70000 delivery target. It lowered the polestar issued by strengthening the business plan. You need to get through the process with complete ease. You need to get through the process while attaining your requirements with absolute ease. https://twitter.com/YahooFinance/status/1722754434663387440 Reasons For The Slide Of Stock Slides For Production Forecast There are several reasons for the stock slides for the production forecast that you must know at your end. You need to get through the complete process that can make things easier and effective for you in all possible manner. You need to take the necessary steps to rework the business plans. Achieving the cash flow breakdown can make things more complicated for you. Try out the best solution that can make things easier for you. Polstar is backed by the Volvo cars and Geely. You need to take care of the facts that can make things easier for you in attaining your requirements. Hence, if you are not aware of the stock slides, then you must read this news as soon as possible to make an informed decision regarding your new funding announcement. You should not make your selection incorrectly. You need to get through the process while attaining your requirements with absolute ease. Your views are important to us. It will assist us to know your take on this matter. You should feel free to share your views in the correct order. Learn About The Latest Business News With A Single Click!! Disney Raises Cost-Cutting Target To $7.5 Billion As Subscribers Surge Paramount Stock Downgraded By Bank Of America: ‘Hard To Buy If Not For Sale’ Japan’s Nintendo Is Developing A Live-action Film Based On Its Hit Video Game ‘The Legend Of Zelda’

Zoom Earnings Top Estimates, Outlook Gets Lift From AI

Zoom Earnings Top Estimates, Outlook Gets Lift From AI

Zoom has broken all the records and raised its guidance for the second-quarter earnings they reported under the bell. Zoom’s earnings stand at $1.14 billion in the second quarter. You must get through some facts that can make things work well in your organization. Zoom is estimated to earn $1.11 billion this quarter but is now slightly higher than the previous quarter. You need to get through some facts that can help you attain your goals quickly. Zoom expects to raise its revenue to $4.49 billion to $4.5 billion over the past few years. You need to get things done in perfect order while attaining your aims with complete clarity within a specific time frame. https://twitter.com/YahooFinance/status/1693739588596953162?s=20 Reason Why Zoom Earnings Tops The List There are several reasons why Zoom earnings top the list, and it estimates to look to get the lift from AI in the upcoming years. You have to complete the process to get insights about Zoom's success in the right sequence. You need to identify the exact reasons for such a hike in the earning process. The application of AI in Zoom can improve its earning process to a great extent. You have to take care of this fact while attaining your objectives. The estimate of Zoom of $4.48 billion earnings will surpass in this quarter with $4.49 billion. There has been a considerable hike of 5% in its revenue earnings this quarter. You have to complete the process while attaining your goals with complete ease.     Hence, these are some essential facts you must get through to get things done in perfect order. You need to take care of these facts when you want to complete the process while you want to get the updates about the Zoom new strategies in perfect order. You should ensure that the chances of errors must be as low as possible while you judge the success rate of Zoom. Read Also: J&J Effort To Resolve Talc Lawsuits In Bankruptcy Fails A Second Time After Judge Tosses Suit Uber Forecasts Quarterly Operating Profit Above Estimates On Ride-Hailing Demand Mattel Toy Firm Hunts For £3,500 A Week Chief Uno Player

Department Of AI' Needed To Keep Artificial Intelligence 'Safe'

Elon Musk: ‘Perhaps A Department Of AI’ Needed To Keep Artificial Intelligence ‘Safe’

Tesla's CEO demands a muscular reaction to take corrective measures on the application of artificial intelligence department to keep the AI safe in his organization. Elon Musk has created a regulatory agency to keep AI safe as he is a supporting tech CEO. Musk also owns Space X and added that they have created a new government agency as a Vein for federal Aviation and administration. You must take care of the facts perfectly while completing your requirements. It works on the action of the safe interest of the general public to develop their business to move forward in the correct order while you want to attain your requirements with complete ease. You need to tryout the best options that can make things easier for you to reach your goals within a specific time frame. Reasons For Insecurity In The AI Department In Elon Musk There are several reasons for insecurity for the AI department in Elon Musk to keep the AI process safe as per the needs of the situation that you must go through from your endpoints while you want to get things done in perfect order. The crowd assembled in the business world with civil rights, defense, and art to keep things in perfect order. The government needed to play the role of regulating the AI as every person has raised their hands. It gives the message that you have to try to act; the process can be complex from time to time. You need to get through the complete process that can assist you in reaching your goals with absolute ease. Hence, if you want to grow your AI department in the right order, you must get through the complete cycle while achieving your objectives with absolute clarity. You cannot make things happen suddenly. It is one of the vital aspects that AI needs to take care of while you want to get things done in perfect order, while you have to identify the ideal solution that can make things work perfectly well in your favor. Read Also: Samsung Electronics Flags 96% Drop In Q2 Profit As Chip Glut Drags On Why Apple Stock Is Doing Better than Amazon, Meta, Other Tech Stocks? Microsoft Lays Off More Workers Beyond The 10,000 Employees Announced In Early 2023

Indian billionaire Gautam Adani

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