Airbnb (NASDAQ:ABNB) CFO Sells $975,000.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction dated Friday, December 12th. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00. Following the completion of the transaction, the chief financial officer owned 418,030 shares in the company, valued at approximately $54,343,900. This trade represents a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 stock was sold at an average price of $127.65, for a total value of $1,555,287.60.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $0.20 during trading hours on Tuesday, reaching $132.01. 4,389,657 shares of the stock were exchanged, compared to its average volume of 5,150,180. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 2.26 and a beta of 1.11. The stock’s fifty day simple moving average is $122.22 and its 200 day simple moving average is $127.42. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 earnings per share. Research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after acquiring an additional 649,323 shares during the last quarter. Harris Associates L P raised its holdings in shares of Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after buying an additional 4,292,383 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Airbnb by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock worth $1,314,057,000 after buying an additional 145,788 shares during the last quarter. Northern Trust Corp raised its stake in Airbnb by 2.5% during the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after acquiring an additional 106,135 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. DA Davidson reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. BNP Paribas began coverage on shares of Airbnb in a research report on Monday, November 24th. They set a “hold” rating on the stock. Wells Fargo & Company raised their target price on shares of Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday, December 1st. Jefferies Financial Group boosted their price target on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $165.00 price target on shares of Airbnb in a research report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have assigned a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $143.88.

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.