Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz Sells 6,250 Shares

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of Airbnb 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 completion of the transaction, the chief financial officer now owns 491,238 shares in the company, valued at $67,299,606. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Trading Down 0.4 %

NASDAQ:ABNB traded down $0.49 during mid-day trading on Wednesday, reaching $130.80. The company’s stock had a trading volume of 3,204,148 shares, compared to its average volume of 3,576,467. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company’s fifty day simple moving average is $135.31 and its two-hundred day simple moving average is $132.96. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The stock has a market cap 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.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company 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 last year, the company posted $2.39 EPS. On average, equities analysts predict that Airbnb, Inc. will post 3.99 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of Airbnb in the 3rd quarter worth about $25,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new position in Airbnb during the third quarter valued at approximately $30,000. Meeder Asset Management Inc. grew its stake in Airbnb by 73.6% during the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after buying an additional 159 shares during the period. Finally, Quarry LP acquired a new stake in shares of Airbnb in the third quarter worth $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ABNB shares. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Bank of America raised their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Robert W. Baird raised their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Susquehanna lifted their price target on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Finally, Mizuho reduced their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus 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.