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

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 25,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a legal 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 shares were 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 shares were sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Trading Down 1.7 %

Airbnb stock traded down $2.77 during trading hours on Wednesday, reaching $157.83. 6,889,056 shares of the company’s stock traded hands, compared to its average volume of 5,117,738. 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 fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market capitalization of $100.06 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.38 and a beta of 1.12. The firm’s 50 day moving average is $134.42 and its 200-day moving average is $130.45.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, analysts predict that Airbnb, Inc. will post 4.27 earnings per share for the current year.

Analyst Ratings Changes

ABNB has been the topic of a number of recent research reports. Piper Sandler raised their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Morgan Stanley lifted their price target on shares of Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a research note on Monday, January 13th. DA Davidson lifted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $147.00.

Hedge Funds Weigh In On Airbnb

Hedge funds have recently made changes to their positions in the business. Northwest Investment Counselors LLC bought a new position in Airbnb during the third quarter worth $25,000. Golden State Wealth Management LLC acquired a new position in Airbnb in the fourth quarter valued at about $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new position in Airbnb in the fourth quarter valued at about $26,000. Finally, Orion Capital Management LLC bought a new position in Airbnb in the fourth quarter valued at about $28,000. 80.76% of the stock is owned by institutional investors.

Airbnb Company Profile

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.