Elinor Mertz Sells 6,250 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 6,250 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $137.00, for a total value of $856,250.00. Following the completion of the transaction, the chief financial officer now owns 491,238 shares of the company’s stock, valued at $67,299,606. This trade represents a 1.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The shares were sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $129.63 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $134.98 and its two-hundred day moving average is $132.80. The company has a market cap of $82.18 billion, a P/E ratio of 45.48, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the firm earned $2.39 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on ABNB. Susquehanna raised their price objective on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. Jefferies Financial Group raised their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Sanford C. Bernstein decreased their price objective on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. Finally, DA Davidson raised their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $139.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in Airbnb in the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp bought a new position in Airbnb in the 3rd quarter worth approximately $6,352,000. J.W. Cole Advisors Inc. increased its position in shares of Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares during the period. Shellback Capital LP bought a new stake in shares of Airbnb during the second quarter valued at approximately $22,744,000. Finally, Bradley Foster & Sargent Inc. CT increased its position in shares of Airbnb by 1,231.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after purchasing an additional 19,183 shares during the period. 80.76% of the stock is owned by institutional investors.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.