ABNB - ARISTOTLE BALOGH Executes Sell Order: Offloads $380K In Airbnb Stock | Benzinga
Making a noteworthy insider sell on January 11, ARISTOTLE BALOGH, Chief Technology Officer at Airbnb (NASDAQ:ABNB), is reported in the latest SEC filing.
What Happened: BALOGH's decision to sell 2,750 shares of Airbnb was revealed in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value of the sale is $380,930.
In the Friday's morning session, Airbnb's shares are currently trading at $140.72, experiencing a up of 0.91%.
Unveiling the Story Behind Airbnb
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered over 7 million active accommodation listings as of Sept. 30, 2023. Listings from the company's over 4 million hosts are spread over almost every country in the world. In the fourth quarter of 2022, 47% of revenue was from the North American region. Transaction fees for online bookings account for all its revenue.
Financial Insights: Airbnb
Revenue Growth: Airbnb displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 17.79%. This indicates a notable increase in the company's top-line earnings. ...