Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz Sells 25,000 Shares

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 25,000 shares of the firm’s stock in a transaction on Friday, February 14th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the transaction, the chief financial officer now directly owns 459,988 shares of the company’s stock, valued at $73,598,080. The trade was a 5.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was 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 stock was sold at an average price of $137.00, for a total value of $856,250.00.
• On Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The stock was sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Trading Down 1.7 %

NASDAQ:ABNB opened at $155.31 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The business’s 50-day simple moving average is $135.15 and its 200 day simple moving average is $130.82. The stock has a market cap of $98.46 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts predict that Airbnb, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ABNB shares. Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Piper Sandler raised their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Wells Fargo & Company lowered their price objective on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $147.00.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Verde Capital Management lifted its stake in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after acquiring an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Airbnb in the third quarter valued at about $34,982,000. Tri Ri Asset Management Corp bought a new stake in Airbnb in the third quarter valued at about $6,352,000. J.W. Cole Advisors Inc. increased its holdings in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares during the last quarter. Finally, Baltimore Washington Financial Advisors Inc. increased its holdings in Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.