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

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $135.94, for a total value of $509,775.00. Following the completion of the transaction, the chief financial officer directly owned 414,280 shares in the company, valued at $56,317,223.20. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, December 12th, Elinor Mertz sold 7,500 shares of Airbnb stock. The stock was sold at an average price of $130.00, for a total transaction of $975,000.00.
• 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 transaction 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 transaction of $1,555,287.60.

Airbnb Trading Down 0.7%

Shares of ABNB stock opened at $137.04 on Thursday. The company has a market cap of $84.35 billion, a PE ratio of 32.55, a P/E/G ratio of 2.14 and a beta of 1.09. The company’s fifty day simple moving average is $126.07 and its 200-day simple moving average is $127.57. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

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 analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $2.13 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Airbnb by 3.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after acquiring an additional 32,501 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Airbnb by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after purchasing an additional 31,120 shares during the last quarter. Plato Investment Management Ltd boosted its position in Airbnb by 53.1% during the first quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock worth $2,291,000 after purchasing an additional 6,579 shares during the period. Acadian Asset Management LLC boosted its position in Airbnb by 52.9% during the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after purchasing an additional 850,719 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Airbnb by 5.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company’s stock valued at $21,132,000 after purchasing an additional 8,605 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on ABNB shares. Mizuho set a $156.00 price target on Airbnb in a report on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Sanford C. Bernstein lowered their price target on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a report on Tuesday. Wedbush lifted their price target on shares of Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Finally, Wells Fargo & Company boosted their price objective on shares of Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, December 1st. 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $144.36.

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.