Airbnb, Inc. (NASDAQ:ABNB) CFO Sells $826,750.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 6,250 shares of Airbnb stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $132.28, for a total transaction of $826,750.00. Following the completion of the transaction, the chief financial officer now directly owns 467,611 shares of the company's stock, valued at $61,855,583.08. The trade was a 1.32% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, June 2nd, Elinor Mertz sold 4,809 shares of Airbnb stock. The shares were sold at an average price of $128.85, for a total value of $619,639.65.
• On Monday, May 5th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $123.43, for a total value of $771,437.50.
• On Wednesday, April 9th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $120.00, for a total value of $750,000.00.

Airbnb Trading Up 2.4%

NASDAQ:ABNB traded up $3.35 during trading hours on Friday, reaching $140.64. 8,960,261 shares of the stock were exchanged, compared to its average volume of 5,002,329. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. 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 business has a 50-day moving average of $123.22 and a two-hundred day moving average of $130.69. The company has a market capitalization of $88.10 billion, a price-to-earnings ratio of 34.05, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The business had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the company posted $0.41 EPS. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC purchased a new position in Airbnb in the 4th quarter valued at approximately $25,000. Park Square Financial Group LLC purchased a new stake in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at $28,000. Graney & King LLC acquired a new position in Airbnb during the 4th quarter worth $32,000. Finally, Stonebridge Financial Group LLC grew its stake in Airbnb by 75.7% during the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after purchasing an additional 106 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research analyst reports. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Morgan Stanley increased their price objective on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a report on Thursday, April 17th. Royal Bank of Canada cut their target price on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a research note on Friday, May 2nd. Finally, Robert W. Baird decreased their price target on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $141.23.

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.

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