Airbnb (NASDAQ:ABNB) CFO Sells $975,000.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 7,500 shares of the stock in a transaction on Friday, December 12th. The stock was sold at an average price of $130.00, for a total value of $975,000.00. Following the sale, the chief financial officer owned 418,030 shares in the company, valued at approximately $54,343,900. This represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, October 28th, Elinor Mertz sold 7,500 shares of Airbnb stock. The shares were sold at an average price of $130.00, for a total value of $975,000.00.
• On Friday, October 24th, Elinor Mertz sold 12,184 shares of Airbnb stock. The stock was sold at an average price of $127.65, for a total value of $1,555,287.60.

Airbnb Stock Up 0.2%

Shares of NASDAQ ABNB opened at $133.99 on Friday. The company has a market cap of $82.48 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.35 and a beta of 1.11. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The business has a 50-day simple moving average of $123.02 and a two-hundred day simple moving average of $127.54.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company earned $2.13 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Kentucky Trust Co bought a new stake in Airbnb during the second quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb during the 3rd quarter valued at about $25,000. Concord Wealth Partners purchased a new stake in Airbnb in the second quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. boosted its stake in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ABNB shares. Truist Financial raised their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday, December 4th. Barclays increased their price objective on Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. KeyCorp started coverage on Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating for the company. DA Davidson restated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research note on Friday, December 5th. Finally, BNP Paribas Exane initiated coverage on Airbnb in a report on Monday, November 24th. They issued a “neutral” rating on the stock. Three analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $144.28.

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.