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

Key Points

• CFO Elinor Mertz sold 3,750 Airbnb shares on April 8 at an average price of $130.99 for roughly $491,212 under a pre-arranged Rule 10b5-1 plan, trimming her position by 0.94% to 394,359 shares valued at about $51.66M.
• Airbnb reported Q4 EPS of $0.56 (missing the $0.66 estimate) while revenue of $2.78B beat expectations; the stock traded around $128.96, has a market cap of $78.5B, and carries a consensus analyst target of $149.40.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $130.99, for a total value of $491,212.50. Following the completion of the transaction, the chief financial officer owned 394,359 shares in the company, valued at $51,657,085.41. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 transaction of $487,500.00.
• 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.

Airbnb Stock Down 0.2%

Shares of Airbnb stock traded down $0.20 on Friday, reaching $128.96. The stock had a trading volume of 3,571,652 shares, compared to its average volume of 4,486,975. The company has a 50 day moving average price of $127.72 and a 200 day moving average price of $127.04. Airbnb, Inc. has a 1 year low of $109.79 and a 1 year high of $143.88. The stock has a market capitalization of $78.50 billion, a P/E ratio of 31.92, a P/E/G ratio of 1.61 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get 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 analysts' expectations of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company's revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.73 EPS. On average, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company's stock valued at $4,649,814,000 after buying an additional 649,323 shares during the last quarter. Harris Associates L P raised its position in Airbnb by 21.0% during the 4th quarter. Harris Associates L P now owns 18,694,408 shares of the company's stock worth $2,537,205,000 after buying an additional 3,240,477 shares during the last quarter. Geode Capital Management LLC lifted its stake in Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company's stock valued at $1,368,338,000 after acquiring an additional 47,966 shares during the period. AQR Capital Management LLC lifted its stake in Airbnb by 58.4% during the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company's stock valued at $917,845,000 after acquiring an additional 2,492,847 shares during the period. Finally, Clearbridge Investments LLC boosted its holdings in shares of Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company's stock valued at $824,356,000 after acquiring an additional 216,455 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ABNB shares. Tigress Financial decreased their price objective on Airbnb from $200.00 to $185.00 and set a "buy" rating for the company in a report on Wednesday. BMO Capital Markets upped their target price on Airbnb from $130.00 to $140.00 and gave the company a "market perform" rating in a research report on Friday, February 13th. DA Davidson decreased their price target on Airbnb from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Barclays boosted their price target on Airbnb from $120.00 to $122.00 and gave the stock an "equal weight" rating in a research note on Friday, February 13th. Finally, Citizens Jmp upgraded Airbnb from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a research note on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $149.40.

Airbnb Company Profile

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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