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

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CFO Elinor Mertz sold 3,750 shares of the company’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00. Following the transaction, the chief financial officer owned 463,415 shares of the company’s stock, valued at approximately $66,268,345. This represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • 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.
  • On Monday, March 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The shares were sold at an average price of $130.00, for a total value of $487,500.00.

Airbnb Stock Performance

NASDAQ ABNB opened at $139.88 on Thursday. The company has a market capitalization of $85.15 billion, a P/E ratio of 34.62, a P/E/G ratio of 1.70 and a beta of 1.20. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The stock has a 50 day moving average price of $133.12 and a 200-day moving average price of $129.19.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.73 earnings per share. As a group, equities analysts predict that Airbnb, Inc. will post 4.95 EPS for the current fiscal year.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

Institutional Trading of Airbnb

A number of institutional investors have recently bought and sold shares of ABNB. Caxton Associates LLP bought a new stake in Airbnb in the first quarter worth $258,000. Intech Investment Management LLC increased its stake in Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after purchasing an additional 4,353 shares during the period. Sivia Capital Partners LLC increased its stake in Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares during the period. WINTON GROUP Ltd purchased a new stake in Airbnb in the second quarter worth $411,000. Finally, NewEdge Advisors LLC increased its stake in Airbnb by 9.8% in the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after purchasing an additional 4,811 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the subject of a number of research reports. Morgan Stanley downgraded Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday. UBS Group increased their target price on Airbnb from $149.00 to $153.00 and gave the company a “neutral” rating in a research report on Monday, April 27th. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research report on Monday. Tigress Financial lowered their target price on Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a research report on Wednesday, April 8th. Finally, Royal Bank Of Canada downgraded Airbnb from an “outperform” rating to a “sector perform” rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Airbnb has an average rating of “Moderate Buy” and an average target price of $153.00.

Read Our Latest Stock Report on Airbnb

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.

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

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