Airbnb (NASDAQ:ABNB) CFO Elinor Mertz Sells 3,750 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were 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 of the company’s stock, valued at $56,317,223.20. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 value 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 value 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 value of $1,555,287.60.

Airbnb Stock Up 1.6%

Shares of NASDAQ ABNB opened at $138.02 on Wednesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a market cap of $84.96 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.11 and a beta of 1.09. The business’s 50 day moving average is $125.85 and its two-hundred day moving average is $127.50.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business posted $2.13 EPS. The company’s revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. UBS Group upped their price objective on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Truist Financial upped their price target on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday, December 4th. Jefferies Financial Group lifted their price objective on Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, December 5th. Sanford C. Bernstein lowered their price objective on Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Wells Fargo & Company upped their target price on Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, December 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and an average target price of $144.36.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Airbnb by 3.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after acquiring an additional 32,501 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Airbnb by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after purchasing an additional 31,120 shares in the last quarter. Plato Investment Management Ltd increased its holdings in Airbnb by 53.1% during the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock valued at $2,291,000 after purchasing an additional 6,579 shares in the last quarter. Acadian Asset Management LLC raised its position in Airbnb by 52.9% in the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock valued at $293,590,000 after purchasing an additional 850,719 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Airbnb by 5.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company’s stock worth $21,132,000 after purchasing an additional 8,605 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

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.