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 business’s stock in a transaction on Wednesday, April 9th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the transaction, the chief financial officer now directly owns 491,330 shares of the company’s stock, valued at $58,959,600. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, March 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $140.10, for a total value of $875,625.00.
• On Friday, February 14th, Elinor Mertz sold 25,000 shares of Airbnb stock. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00.
• On Tuesday, February 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $129.58, for a total value of $809,875.00.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $0.63 during midday trading on Friday, hitting $114.54. 4,817,277 shares of the company’s stock were exchanged, compared to its average volume of 4,746,765. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $72.22 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $166.74. The company’s 50 day moving average price is $131.53 and its 200 day moving average price is $132.95.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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%. As a group, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on ABNB. Susquehanna increased their target price on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Bank of America raised their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Barclays boosted their price objective on shares of Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. Tigress Financial increased their target price on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Finally, Wells Fargo & Company cut their price target on Airbnb from $134.00 to $100.00 and set an “underweight” rating on the stock in a report on Monday. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $146.56.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently modified their holdings of the stock. Verde Capital Management lifted its position in Airbnb by 25.3% during 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 during the last quarter. Tri Ri Asset Management Corp acquired a new stake in Airbnb during the 3rd quarter worth approximately $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its holdings in Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after purchasing an additional 197,558 shares during the period. Finally, Sarasin & Partners LLP acquired a new position in Airbnb in the 4th quarter valued at $2,272,000. Institutional investors 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.