Airbnb (NASDAQ:ABNB) CFO Sells 7,500 Shares

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 7,500 shares of Airbnb 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 transaction, the chief financial officer directly owned 418,030 shares of the company’s stock, valued at $54,343,900. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 stock was 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 Price Performance

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

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

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ABNB. BTIG Research reissued a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Wells Fargo & Company lifted their price objective on Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a report on Monday, December 1st. DA Davidson reissued a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, December 5th. KeyCorp began coverage on shares of Airbnb in a report on Thursday, October 23rd. They set a “sector weight” rating on the stock. Finally, UBS Group lifted their price target on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $143.88.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Corient IA LLC bought a new stake in shares of Airbnb in the 1st quarter valued at about $299,000. Algert Global LLC acquired a new position in Airbnb during the first quarter worth approximately $2,976,000. Brooklyn Investment Group raised its stake in Airbnb by 65.1% in the first quarter. Brooklyn Investment Group now owns 2,170 shares of the company’s stock valued at $259,000 after buying an additional 856 shares during the period. Northern Trust Corp lifted its position in shares of Airbnb by 2.5% in the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after buying an additional 106,135 shares during the last quarter. Finally, Aptus Capital Advisors LLC boosted its stake in shares of Airbnb by 25.3% during the 1st quarter. Aptus Capital Advisors LLC now owns 5,433 shares of the company’s stock worth $649,000 after acquiring an additional 1,097 shares during the period. 80.76% of the stock is owned by 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.