Insider Selling: Airbnb (NASDAQ:ABNB) CFO Sells $1,012,671.92 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 7,433 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the sale, the chief financial officer owned 449,040 shares in the company, valued at approximately $61,177,209.60. This represents a 1.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• 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 shares were sold at an average price of $130.99, for a total value of $491,212.50.

Airbnb Trading Down 0.1%

ABNB stock opened at $133.54 on Friday. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25. The firm has a market cap of $80.49 billion, a P/E ratio of 32.89, a P/E/G ratio of 1.43 and a beta of 1.16. The business’s 50 day moving average is $134.32 and its 200-day moving average is $130.65. 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 (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the company earned $0.24 earnings per share. Equities analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the topic of a number of research analyst reports. TD Cowen increased their price target on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. CICC Research initiated coverage on Airbnb in a research report on Friday. They set an “outperform” rating and a $165.00 price target on the stock. Rodman & Renshaw initiated coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating on the stock. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, Wedbush upgraded Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.76.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Airbnb by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after buying an additional 649,323 shares during the last quarter. Harris Associates L P boosted its position in Airbnb by 21.0% in the 4th quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock valued at $2,537,205,000 after buying an additional 3,240,477 shares during the last quarter. Geode Capital Management LLC boosted its position in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after buying an additional 47,966 shares during the last quarter. AQR Capital Management LLC boosted its position in Airbnb by 58.4% in the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock valued at $917,845,000 after buying an additional 2,492,847 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its position in Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock valued at $824,356,000 after buying an additional 216,455 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

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.