Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz Sells 6,250 Shares

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $137.00, for a total transaction of $856,250.00. Following the completion of the sale, the chief financial officer now directly owns 491,238 shares in the company, valued at approximately $67,299,606. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Elinor Mertz also recently made the following trade(s):

• On Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The stock was sold at an average price of $136.97, for a total transaction of $1,438,185.00.

Airbnb Stock Down 0.4 %

Shares of ABNB opened at $130.80 on Thursday. The firm’s 50-day simple moving average is $135.20 and its 200 day simple moving average is $132.95. The firm has a market cap of $82.92 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business posted $2.39 earnings per share. On average, analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent research reports. TD Cowen raised their price target on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Truist Financial reduced their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Wedbush upped their target price on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson lifted their price target on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a report on Monday, November 18th. Finally, Phillip Securities reissued a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $139.48.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. First Hawaiian Bank lifted its stake in shares of Airbnb by 161.4% in the 4th quarter. First Hawaiian Bank now owns 6,631 shares of the company’s stock valued at $871,000 after acquiring an additional 4,094 shares during the last quarter. One Wealth Capital Management LLC acquired a new stake in Airbnb in the fourth quarter worth $553,000. Norman Fields Gottscho Capital Management LLC raised its stake in Airbnb by 30.9% during the 4th quarter. Norman Fields Gottscho Capital Management LLC now owns 2,605 shares of the company’s stock worth $342,000 after buying an additional 615 shares during the period. Everence Capital Management Inc. grew its stake in shares of Airbnb by 19.3% in the 4th quarter. Everence Capital Management Inc. now owns 9,280 shares of the company’s stock worth $1,219,000 after acquiring an additional 1,500 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Airbnb by 36.3% in the 4th quarter. GAMMA Investing LLC now owns 2,572 shares of the company’s stock worth $338,000 after purchasing an additional 685 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.