Elinor Mertz Sells 3,750 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total value of $555,037.50. Following the transaction, the chief financial officer directly owned 445,290 shares of the company’s stock, valued at $65,907,372.90. This represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, June 2nd, Elinor Mertz sold 7,433 shares of Airbnb stock. The shares were sold at an average price of $136.24, for a total value of $1,012,671.92.
• On Monday, May 4th, Elinor Mertz sold 3,750 shares of Airbnb stock. The shares were sold at an average price of $143.00, for a total value of $536,250.00.
• On Wednesday, April 8th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.99, for a total value of $491,212.50.

Airbnb Stock Up 0.8%

Shares of NASDAQ ABNB traded up $1.15 during midday trading on Tuesday, reaching $148.80. The company’s stock had a trading volume of 2,282,394 shares, compared to its average volume of 3,575,042. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.19. The stock has a market capitalization of $89.68 billion, a price-to-earnings ratio of 36.65, a PEG ratio of 1.58 and a beta of 1.14. The stock has a 50 day simple moving average of $138.11 and a 200-day simple moving average of $133.81.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caxton Associates LLP acquired a new stake in shares of Airbnb during the 1st quarter valued at $258,000. Intech Investment Management LLC raised its position in Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after purchasing an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after purchasing an additional 927 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of Airbnb during the second quarter worth about $411,000. Finally, NewEdge Advisors LLC increased its stake in shares of Airbnb by 9.8% in the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after buying an additional 4,811 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

ABNB has been the subject of a number of analyst reports. Raymond James Financial raised shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Citizens Jmp increased their price objective on shares of Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Needham & Company LLC initiated coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. UBS Group raised their price objective on shares of Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, CICC Research began coverage on Airbnb in a research note on Friday, June 5th. They set an “outperform” rating and a $165.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $158.36.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.