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 company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $160.00, for a total value of $4,000,000.00. Following the sale, the chief financial officer now owns 459,988 shares in the company, valued at approximately $73,598,080. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, February 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $129.58, for a total value of $809,875.00.
• On Monday, January 6th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $137.00, for a total value of $856,250.00.
• 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 Stock Down 1.7 %

ABNB opened at $155.31 on Friday. 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 business has a 50 day simple moving average of $135.15 and a 200-day simple moving average of $130.82. The stock has a market capitalization of $98.46 billion, a P/E ratio of 37.61, a P/E/G ratio of 3.89 and a beta of 1.12. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating 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%. On average, equities analysts anticipate that Airbnb, Inc. will post 4.29 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on ABNB shares. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a report on Friday, February 14th. B. Riley increased their price objective on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Citigroup increased their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Barclays increased their price objective on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $147.00.

Institutional Trading of Airbnb

Several hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp raised its holdings in Airbnb by 33.2% during the fourth quarter. Mackenzie Financial Corp now owns 52,619 shares of the company’s stock worth $6,915,000 after purchasing an additional 13,113 shares during the last quarter. Amiral Gestion acquired a new position in Airbnb during the fourth quarter worth $631,000. North Star Asset Management Inc. raised its holdings in Airbnb by 8.1% during the fourth quarter. North Star Asset Management Inc. now owns 53,147 shares of the company’s stock worth $6,984,000 after purchasing an additional 4,001 shares during the last quarter. Cache Advisors LLC acquired a new position in Airbnb during the fourth quarter worth $933,000. Finally, GF Fund Management CO. LTD. acquired a new position in Airbnb during the fourth quarter worth $10,781,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.