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

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $137.00, for a total value of $856,250.00. Following the transaction, the chief financial officer now owns 491,238 shares of the company’s stock, valued at approximately $67,299,606. This trade represents a 1.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 value of $1,438,185.00.

Airbnb Price Performance

NASDAQ:ABNB opened at $129.63 on Friday. The business’s 50-day moving average price is $134.98 and its 200 day moving average price is $132.80. The firm has a market cap of $82.18 billion, a P/E ratio of 45.48, a PEG ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. 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 (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the firm earned $2.39 earnings per share. As a group, sell-side analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

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

Analyst Ratings Changes

Several equities analysts have recently commented on ABNB shares. Citigroup increased their target price on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Bank of America raised their price objective on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Truist Financial reduced their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Sanford C. Bernstein reduced their price objective on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Finally, Robert W. Baird raised their price objective on Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.