Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz Sells 6,250 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the sale, the chief financial officer now directly owns 537,072 shares of the company’s stock, valued at approximately $64,448,640. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Airbnb Price Performance

Airbnb stock opened at $128.75 on Friday. The stock has a fifty day moving average of $126.26 and a 200-day moving average of $145.03. The stock has a market capitalization of $82.92 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the business earned $0.98 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts expect that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently modified their holdings of the business. Lazari Capital Management Inc. raised its position in Airbnb by 3.6% during the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after purchasing an additional 88 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Airbnb during the 2nd quarter worth approximately $7,342,000. New Century Financial Group LLC bought a new position in Airbnb during the second quarter worth $238,000. Aristides Capital LLC boosted its stake in Airbnb by 11.2% during the second quarter. Aristides Capital LLC now owns 9,950 shares of the company’s stock worth $1,509,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Garde Capital Inc. grew its holdings in Airbnb by 903.7% in the second quarter. Garde Capital Inc. now owns 7,287 shares of the company’s stock worth $1,105,000 after purchasing an additional 6,561 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on ABNB. Barclays reduced their target price on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. UBS Group lowered their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company cut their price objective on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Mizuho cut their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Finally, B. Riley reduced their price target on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $134.17.

About Airbnb

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.