Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CFO Sells $802,625.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of $128.42, for a total value of $802,625.00. Following the transaction, the chief financial officer now owns 530,822 shares of the company’s stock, valued at approximately $68,168,161.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, September 17th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $120.00, for a total value of $750,000.00.

Airbnb Stock Down 2.0 %

Airbnb stock opened at $132.81 on Friday. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $85.54 billion, a PE ratio of 17.78, a PEG ratio of 1.72 and a beta of 1.17. The business’s 50-day simple moving average is $121.50 and its two-hundred day simple moving average is $141.37.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on ABNB. B. Riley dropped their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Mizuho dropped their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. decreased their target price on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Wedbush decreased their target price on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company lifted their target price on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday. Five equities 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 company’s stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus target price of $134.23.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of the stock. CVA Family Office LLC boosted its stake in shares of Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after buying an additional 269 shares during the last quarter. Koshinski Asset Management Inc. boosted its stake in shares of Airbnb by 3.8% in the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after buying an additional 85 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in Airbnb by 2.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 20,248 shares of the company’s stock worth $2,568,000 after purchasing an additional 495 shares during the period. Burns Matteson Capital Management LLC acquired a new position in Airbnb in the 3rd quarter worth about $271,000. Finally, Wynn Capital LLC raised its holdings in Airbnb by 37.0% in the 3rd quarter. Wynn Capital LLC now owns 2,297 shares of the company’s stock worth $291,000 after purchasing an additional 620 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

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.