Insider Selling: Airbnb (NASDAQ:ABNB) CFO Sells $555,037.50 in Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total transaction of $555,037.50. Following the transaction, the chief financial officer owned 445,290 shares of the company’s stock, valued at approximately $65,907,372.90. The trade was a 0.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • On Tuesday, June 2nd, Elinor Mertz sold 7,433 shares of Airbnb stock. The shares were sold at an average price of $136.24, for a total transaction of $1,012,671.92.
  • On Monday, May 4th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00.
  • On Wednesday, April 8th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.99, for a total value of $491,212.50.

Airbnb Stock Performance

NASDAQ ABNB opened at $146.89 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.19. The business has a fifty day moving average of $138.30 and a 200-day moving average of $133.95. The stock has a market cap of $88.53 billion, a price-to-earnings ratio of 36.18, a price-to-earnings-growth ratio of 1.53 and a beta of 1.14.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 17.9% on a year-over-year basis. As a group, analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of analyst reports. Susquehanna boosted their price objective on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Friday, May 8th. UBS Group increased their target price on Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wedbush upgraded shares of Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday, May 4th. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, Truist Financial increased their price objective on shares of Airbnb from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Moderate Buy” and an average price target of $158.36.

Check Out Our Latest Research Report on Airbnb

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Merit Financial Group LLC grew its stake in shares of Airbnb by 72.1% during the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after acquiring an additional 13,818 shares in the last quarter. North Dakota State Investment Board purchased a new stake in shares of Airbnb during the fourth quarter worth about $2,785,000. North Star Asset Management Inc. lifted its stake in shares of Airbnb by 13.4% in the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after acquiring an additional 9,294 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Airbnb by 18.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock worth $30,305,000 after acquiring an additional 34,573 shares in the last quarter. Finally, Danske Bank A S boosted its holdings in Airbnb by 11.0% in the fourth quarter. Danske Bank A S now owns 235,557 shares of the company’s stock valued at $31,970,000 after purchasing an additional 23,422 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

About Airbnb

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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