Elinor Mertz Sells 25,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 25,000 shares of the company’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $160.00, for a total value of $4,000,000.00. Following the completion of the transaction, the chief financial officer now owns 459,988 shares of the company’s stock, valued at $73,598,080. This trade represents a 5.15 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, February 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $129.58, for a total value of $809,875.00.
• On Monday, January 6th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $137.00, for a total value of $856,250.00.
• On Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The stock was sold at an average price of $136.97, for a total value of $1,438,185.00.

Airbnb Trading Down 1.7 %

ABNB traded down $2.77 during trading on Wednesday, reaching $157.83. 6,889,056 shares of the stock traded hands, compared to its average volume of 5,117,738. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $100.06 billion, a PE ratio of 38.22, a P/E/G ratio of 2.38 and a beta of 1.12. The stock’s 50-day moving average is $134.42 and its 200 day moving average is $130.45. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts anticipate that Airbnb, Inc. will post 4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ABNB shares. Evercore ISI lifted their price target on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Robert W. Baird upgraded Airbnb from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research note on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Finally, HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $147.00.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Norges Bank purchased a new stake in Airbnb in the 4th quarter valued at about $433,374,000. Clearbridge Investments LLC increased its stake in Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP increased its stake in Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after buying an additional 2,577,000 shares during the last quarter. Finally, Meritage Group LP purchased a new stake in Airbnb in the 3rd quarter valued at about $160,985,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

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.