Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) 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 – Get Free Report) 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
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.
Check Out Our Latest Stock Report on ABNB
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.
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