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

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the stock in a transaction on 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 in the company, valued at approximately $62,844,745.04. This represents a 1.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 shares were 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 stock was sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Stock Performance

ABNB opened at $132.57 on Friday. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $84.05 billion, a PE ratio of 46.52, a P/E/G ratio of 1.72 and a beta of 1.12. The firm has a 50 day moving average of $133.00 and a two-hundred day moving average of $130.28.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for 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 period last year, the firm earned $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 3.98 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in Airbnb in the 4th quarter worth $25,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb during the 3rd quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth $26,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Finally, Ashton Thomas Securities LLC acquired a new stake in Airbnb during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Evercore ISI lifted their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a research note on Tuesday. Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Phillip Securities reissued a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $139.63.

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.