Airbnb (NASDAQ:ABNB) CFO Sells $536,250.00 in Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00. Following the completion of the sale, the chief financial officer owned 463,415 shares of the company’s stock, valued at $66,268,345. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

  • 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 transaction of $491,212.50.
  • On Monday, March 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00.

Airbnb Price Performance

Shares of ABNB stock traded up $0.15 during mid-day trading on Wednesday, hitting $139.88. The stock had a trading volume of 4,376,389 shares, compared to its average volume of 4,230,887. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. The firm has a market cap of $85.15 billion, a PE ratio of 34.62, a PEG ratio of 1.69 and a beta of 1.20. The company’s 50-day simple moving average is $132.78 and its 200-day simple moving average is $129.07.

Airbnb (NASDAQ:ABNBGet Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the business posted $0.73 EPS. The firm’s revenue was up 12.9% on a year-over-year basis. On average, analysts expect that Airbnb, Inc. will post 4.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday. Needham & Company LLC assumed coverage on shares of Airbnb in a report on Monday. They issued a “buy” rating for the company. Wells Fargo & Company assumed coverage on shares of Airbnb in a report on Monday. They issued an “overweight” rating for the company. DA Davidson cut their price target on shares of Airbnb from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 17th. Finally, BMO Capital Markets increased their price target on shares of Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $153.00.

Check Out Our Latest Stock Analysis on Airbnb

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently added to or reduced their stakes in ABNB. Caxton Associates LLP purchased a new position in Airbnb during the 1st quarter valued at about $258,000. Intech Investment Management LLC increased its holdings in Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after acquiring an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC grew its holdings 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 worth $776,000 after buying an additional 927 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Airbnb during the second quarter worth about $411,000. Finally, NewEdge Advisors LLC grew its holdings in shares of Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after buying an additional 4,811 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

About Airbnb

(Get Free Report)

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.

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