Elinor Mertz Sells 3,750 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total value of $555,037.50. Following the transaction, the chief financial officer directly owned 445,290 shares in the company, valued at $65,907,372.90. This represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Tuesday, June 2nd, Elinor Mertz sold 7,433 shares of Airbnb stock. The shares were sold at an average price of $136.24, for a total value of $1,012,671.92.
  • On Monday, May 4th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00.
  • On Wednesday, April 8th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.99, for a total transaction of $491,212.50.

Airbnb Stock Performance

Shares of ABNB opened at $142.95 on Thursday. The company has a 50-day simple moving average of $138.14 and a 200-day simple moving average of $133.87. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $86.16 billion, a PE ratio of 35.21, a P/E/G ratio of 1.60 and a beta of 1.14. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $150.19.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the firm posted $0.24 EPS. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. Equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. ORG Partners LLC increased its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new stake in shares of Airbnb during the fourth quarter valued at $27,000. Meeder Asset Management Inc. increased its position in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Finally, Sunbelt Securities Inc. increased its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ABNB. HSBC cut Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Needham & Company LLC assumed coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating on the stock. HC Wainwright raised Airbnb to a “buy” rating in a report on Monday, May 4th. DA Davidson raised their price target on Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $158.36.

Get Our Latest Stock Analysis on ABNB

Airbnb News Summary

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About Airbnb

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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