Airbnb, Inc. (NASDAQ:ABNB) CFO Sells $875,625.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $875,625.00. Following the completion of the sale, the chief financial officer now directly owns 449,463 shares in the company, valued at approximately $62,969,766.30. The trade was a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Friday, February 14th, Elinor Mertz sold 25,000 shares of Airbnb stock. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00.
• On Tuesday, February 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $129.58, for a total value of $809,875.00.
• 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 value of $856,250.00.

Airbnb Stock Performance

Shares of ABNB stock opened at $134.39 on Friday. The firm has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $136.94 and its 200-day moving average price is $132.66. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth about $26,000. Park Square Financial Group LLC bought a new position in shares of Airbnb in the 4th quarter worth about $26,000. Hollencrest Capital Management raised its position in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Finally, Orion Capital Management LLC bought a new stake in shares of Airbnb in the 4th quarter valued at $28,000. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ABNB shares. Truist Financial cut their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and upped their price objective for the company from $110.00 to $153.00 in a report on Friday, February 14th. Finally, HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $146.48.

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.