Elinor Mertz Sells 25,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 25,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the transaction, the chief financial officer now owns 459,988 shares in the company, valued at $73,598,080. The trade was a 5.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 transaction of $809,875.00.
• 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 stock was sold at an average price of $136.97, for a total transaction of $1,438,185.00.

Airbnb Price Performance

ABNB opened at $157.83 on Thursday. The stock has a 50-day moving average price of $134.80 and a 200-day moving average price of $130.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $100.06 billion, a PE ratio of 38.22, a P/E/G ratio of 2.38 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts predict that Airbnb, Inc. will post 4.27 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently bought and sold shares of ABNB. Pacer Advisors Inc. raised its position in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares during the last quarter. Norges Bank purchased a new position in Airbnb in the 4th quarter worth about $433,374,000. Clearbridge Investments LLC raised its position in Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP raised its position in Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after buying an additional 2,577,000 shares during the last quarter. Finally, Meritage Group LP purchased a new position in Airbnb in the 3rd quarter worth about $160,985,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ABNB. Bank of America raised their target price 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 raised their target price on shares of Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a report on Friday, February 14th. UBS Group raised their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Benchmark raised their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $147.00.

Airbnb Company Profile

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.