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 company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total transaction of $809,875.00. Following the completion of the transaction, the chief financial officer now owns 484,988 shares of the company’s stock, valued at approximately $62,844,745.04. The trade was a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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 transaction 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 Price Performance

Shares of NASDAQ ABNB opened at $134.98 on Friday. 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 company’s 50-day moving average price is $132.98 and its 200 day moving average price is $130.17. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market cap of $85.57 billion, a price-to-earnings ratio of 47.36, a PEG ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the topic of a number of research reports. Wedbush restated an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research note on Tuesday. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Susquehanna upped their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. DA Davidson raised their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Finally, Piper Sandler upped their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $139.63.

Institutional Investors Weigh In On Airbnb

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

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.