Insider Selling: Airbnb (NASDAQ:ABNB) CFO Sells 3,750 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Monday, March 2nd. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00. Following the sale, the chief financial officer owned 402,417 shares in the company, valued at $52,314,210. This represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, February 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The shares were sold at an average price of $130.00, for a total transaction of $487,500.00.
• On Friday, January 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The shares were sold at an average price of $135.94, for a total transaction of $509,775.00.
• 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.

Airbnb Trading Up 1.9%

NASDAQ ABNB traded up $2.50 on Wednesday, reaching $135.54. The company’s stock had a trading volume of 4,251,169 shares, compared to its average volume of 5,053,965. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $143.88. The firm has a market cap of $82.50 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The business has a 50-day moving average price of $130.66 and a 200 day moving average price of $126.37.

Airbnb (NASDAQ:ABNB) last announced its quarterly 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 business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Morgan Stanley set a $120.00 price objective on Airbnb in a research note on Friday, February 13th. Wells Fargo & Company increased their target price on shares of Airbnb from $128.00 to $133.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. B. Riley Financial raised shares of Airbnb from a “neutral” rating to a “buy” rating and lifted their price target for the company from $140.00 to $170.00 in a report on Monday, January 12th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Airbnb in a research note on Wednesday, January 14th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $149.42.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Caxton Associates LLP bought a new stake in shares of Airbnb during the first quarter valued at approximately $258,000. Intech Investment Management LLC boosted its position in Airbnb by 55.8% in the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after buying an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Airbnb by 18.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares during the last quarter. Spire Wealth Management increased its stake in shares of Airbnb by 14.4% in the 2nd quarter. Spire Wealth Management now owns 1,040 shares of the company’s stock valued at $138,000 after buying an additional 131 shares during the period. Finally, GHP Investment Advisors Inc. raised its position in shares of Airbnb by 502.0% during the second quarter. GHP Investment Advisors Inc. now owns 608 shares of the company’s stock worth $80,000 after acquiring an additional 507 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.