Airbnb (NASDAQ:ABNB) CFO Sells $509,775.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $135.94, for a total value of $509,775.00. Following the completion of the transaction, the chief financial officer owned 414,280 shares in the company, valued at $56,317,223.20. This represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 12th, Elinor Mertz sold 7,500 shares of Airbnb stock. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00.
• On Tuesday, October 28th, Elinor Mertz sold 7,500 shares of Airbnb stock. The shares were 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 transaction of $1,555,287.60.

Airbnb Stock Up 1.2%

Airbnb stock opened at $138.66 on Friday. The company’s fifty day simple moving average is $126.31 and its 200-day simple moving average is $127.64. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market cap of $85.35 billion, a P/E ratio of 32.94, a P/E/G ratio of 2.13 and a beta of 1.09.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.13 earnings per share. On average, equities research analysts expect 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 recently commented on ABNB. Sanford C. Bernstein dropped their price objective on Airbnb from $165.00 to $162.00 and set an “outperform” rating on the stock in a report on Tuesday. Jefferies Financial Group increased their price target on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. KeyCorp assumed coverage on shares of Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating for the company. Mizuho set a $156.00 price objective on shares of Airbnb in a report on Friday, November 7th. Finally, Truist Financial raised their target price on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday, December 4th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $146.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Airbnb by 3.5% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after buying an additional 32,501 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Airbnb by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after acquiring an additional 31,120 shares during the last quarter. Plato Investment Management Ltd grew its stake in shares of Airbnb by 53.1% during the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock worth $2,291,000 after acquiring an additional 6,579 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Airbnb by 52.9% during the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after acquiring an additional 850,719 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Airbnb by 5.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company’s stock valued at $21,132,000 after purchasing an additional 8,605 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.