Airbnb (NASDAQ:ABNB) CFO Elinor Mertz Sells 7,433 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 7,433 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92. Following the transaction, the chief financial officer owned 449,040 shares of the company’s stock, valued at approximately $61,177,209.60. This trade represents a 1.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 value 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 value of $491,212.50.

Airbnb Stock Up 0.1%

Shares of ABNB stock opened at $133.72 on Friday. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The firm has a market cap of $80.59 billion, a PE ratio of 32.94, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. The stock has a 50 day moving average of $134.28 and a 200-day moving average of $130.63. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd bought a new position in Airbnb in the third quarter valued at about $25,000. ORG Partners LLC boosted its holdings in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC boosted its holdings in Airbnb by 143.6% in 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 bought a new position in Airbnb during the fourth quarter worth about $27,000. Finally, Meeder Asset Management Inc. boosted its holdings in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ABNB shares. Susquehanna lifted their target price on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Truist Financial upgraded Airbnb from a “sell” rating to a “hold” rating and increased their target price for the stock from $107.00 to $129.00 in a report on Thursday, March 26th. Barclays raised their target price on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, HC Wainwright upgraded Airbnb to a “buy” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.46.

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.