Airbnb, Inc. (NASDAQ:ABNB) CFO Sells $856,250.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $137.00, for a total transaction of $856,250.00. Following the completion of the transaction, the chief financial officer now directly owns 491,238 shares of the company’s stock, valued at approximately $67,299,606. The trade was a 1.26 % decrease in their ownership of the stock. The sale 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 Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The stock was sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Stock Down 0.4 %

ABNB stock opened at $130.80 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market capitalization of $82.92 billion, a P/E ratio of 45.89, a P/E/G ratio of 1.93 and a beta of 1.13. The firm has a 50-day simple moving average of $135.20 and a 200-day simple moving average of $132.95.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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 net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company posted $2.39 earnings per share. Equities analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of the business. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the 3rd quarter valued at about $25,000. Hollencrest Capital Management lifted its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Airbnb during the third quarter worth $30,000. Quarry LP purchased a new stake in Airbnb in the 3rd quarter valued at $55,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after acquiring an additional 159 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on ABNB. Wells Fargo & Company increased their price target on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. TD Cowen boosted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Jefferies Financial Group boosted their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Barclays increased their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $139.48.

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.