Elinor Mertz Sells 6,250 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $129.58, for a total value of $809,875.00. Following the completion of the sale, the chief financial officer now owns 484,988 shares in the company, valued at approximately $62,844,745.04. This represents a 1.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• 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 transaction 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 transaction of $1,438,185.00.

Airbnb Stock Performance

NASDAQ:ABNB opened at $134.98 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a fifty day simple moving average of $132.98 and a two-hundred day simple moving average of $130.17. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market cap of $85.57 billion, a price-to-earnings ratio of 47.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the firm earned $2.39 earnings per share. As a group, equities analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of analyst reports. Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. UBS Group boosted their price objective on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. TD Cowen lifted their price target on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Evercore ISI upped their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $139.63.

Institutional Trading of Airbnb

A number of large investors have recently made changes to their positions in ABNB. Verde Capital Management increased its position in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Airbnb during the third quarter worth $34,982,000. Tri Ri Asset Management Corp purchased a new position in Airbnb in the third quarter valued at $6,352,000. J.W. Cole Advisors Inc. raised its stake 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 in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.