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

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the transaction, the chief financial officer now directly owns 484,988 shares of the company’s stock, valued at approximately $62,844,745.04. The trade was a 1.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Monday, January 6th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $137.00, for a total value of $856,250.00.
• On Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The shares were sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $132.57 on Friday. The company has a market capitalization of $84.05 billion, a PE ratio of 46.52, a PEG ratio of 1.72 and a beta of 1.12. The stock’s 50 day moving average price is $133.00 and its 200-day moving average price is $130.28. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the company posted $2.39 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ABNB. Evercore ISI lifted their price objective on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Bank of America raised their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $155.00 target price on shares of Airbnb in a report on Tuesday. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and an average price target of $139.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Edgewood Management LLC grew its stake in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after purchasing an additional 146,761 shares during the period. Pacer Advisors Inc. raised its position in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Airbnb by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock worth $366,719,000 after buying an additional 84,348 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Airbnb by 3.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock worth $299,272,000 after acquiring an additional 80,610 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

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.