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

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $132.28, for a total value of $826,750.00. Following the completion of the sale, the chief financial officer now owns 467,611 shares of the company’s stock, valued at approximately $61,855,583.08. The trade was a 1.32% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 2nd, Elinor Mertz sold 4,809 shares of Airbnb stock. The shares were sold at an average price of $128.85, for a total transaction of $619,639.65.
• On Monday, May 5th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $123.43, for a total transaction of $771,437.50.
• On Wednesday, April 9th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00.

Airbnb Stock Performance

NASDAQ:ABNB opened at $140.64 on Friday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $88.10 billion, a PE ratio of 34.05, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The business’s fifty day moving average price is $123.61 and its 200 day moving average price is $130.76.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $0.41 earnings per share. The company’s revenue was up 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. MJP Associates Inc. ADV raised its position in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock worth $490,000 after acquiring an additional 67 shares during the last quarter. CAP Partners LLC grew its position in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC increased its stake in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. raised its position in shares of Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after purchasing an additional 78 shares during the last quarter. Finally, Ellevest Inc. raised its position in shares of Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock worth $349,000 after purchasing an additional 80 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Piper Sandler reduced their price target on shares of Airbnb from $145.00 to $132.00 and set a “neutral” rating on the stock in a research report on Monday, April 28th. Morgan Stanley lifted their target price on Airbnb from $125.00 to $130.00 and gave the company an “underweight” rating in a research report on Thursday, April 17th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Wednesday, May 14th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Wedbush cut shares of Airbnb from an “outperform” rating to a “neutral” rating and decreased their target price for the company from $150.00 to $135.00 in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus price target of $141.23.

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.