Insider Selling: Airbnb (NASDAQ:ABNB) CFO Sells 3,750 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $135.94, for a total transaction of $509,775.00. Following the sale, the chief financial officer owned 414,280 shares in the company, valued at approximately $56,317,223.20. The trade was a 0.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 shares were sold at an average price of $127.65, for a total transaction of $1,555,287.60.

Airbnb Trading Up 1.6%

Airbnb stock traded up $2.15 during mid-day trading on Tuesday, hitting $138.02. The stock had a trading volume of 3,112,173 shares, compared to its average volume of 3,770,689. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The firm has a market capitalization of $84.96 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.06 and a beta of 1.09. The firm’s 50 day moving average is $125.65 and its 200 day moving average is $127.46.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS 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 business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. Airbnb’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABNB. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Truist Financial increased their price objective on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday, December 4th. KeyCorp started coverage on Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating for the company. Finally, Wedbush boosted their target price on Airbnb from $130.00 to $135.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus price target of $144.36.

Institutional Trading of Airbnb

Hedge funds have recently made changes to their positions in the business. Kentucky Trust Co bought a new stake in Airbnb during the second quarter worth approximately $25,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. increased its position 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 purchasing an additional 83 shares during the last quarter. Sunbelt Securities Inc. increased its position in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC bought a new position in Airbnb during the 3rd quarter valued at about $27,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

About Airbnb

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.