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

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Key Points

  • CFO Elinor Mertz sold 3,750 Airbnb shares on May 4 at an average price of $143 for $536,250, leaving her with 463,415 shares (a 0.80% reduction) after similar 3,750-share sales on Apr. 8 and Mar. 2.
  • Airbnb shares traded around $139.88 with a market cap of $85.15B and a 52-week range of $110.81–$147.25; Q1 missed EPS ($0.56 vs. $0.66) but beat revenue, and analysts maintain a Moderate Buy consensus with an average target of $153.
  • Five stocks to consider instead of Airbnb.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 3,750 shares of the business's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $143.00, for a total transaction of $536,250.00. Following the transaction, the chief financial officer owned 463,415 shares of the company's stock, valued at $66,268,345. This trade represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Wednesday, April 8th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.99, for a total transaction of $491,212.50.
  • On Monday, March 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00.

Airbnb Trading Up 0.1%

Shares of NASDAQ ABNB traded up $0.15 during mid-day trading on Wednesday, reaching $139.88. The company had a trading volume of 4,376,389 shares, compared to its average volume of 4,230,887. The firm has a 50 day simple moving average of $132.78 and a two-hundred day simple moving average of $129.07. The stock has a market cap of $85.15 billion, a P/E ratio of 34.62, a PEG ratio of 1.69 and a beta of 1.20. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25.

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 company had revenue of $2.78 billion during 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 quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the business earned $0.73 earnings per share. On average, equities analysts expect that Airbnb, Inc. will post 4.94 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on ABNB shares. B. Riley Financial raised shares of Airbnb from a "neutral" rating to a "buy" rating and increased their target price for the company from $140.00 to $170.00 in a research report on Monday, January 12th. Wells Fargo & Company started coverage on shares of Airbnb in a research report on Monday. They issued an "overweight" rating on the stock. Mizuho increased their target price on shares of Airbnb from $156.00 to $175.00 and gave the company an "outperform" rating in a research report on Tuesday, March 3rd. Sanford C. Bernstein dropped their target price on shares of Airbnb from $165.00 to $162.00 and set an "outperform" rating on the stock in a research report on Tuesday, January 6th. Finally, Barclays increased their target price on shares of Airbnb from $120.00 to $122.00 and gave the company an "equal weight" rating in a research report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $153.00.

Read Our Latest Analysis on Airbnb

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

Institutional Trading of Airbnb

A number of large investors have recently bought and sold shares of ABNB. Harris Associates L P boosted its stake in Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company's stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Independent Franchise Partners LLP acquired a new stake in Airbnb during the 3rd quarter worth $505,672,000. Norges Bank acquired a new stake in Airbnb during the 4th quarter worth $480,332,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Airbnb by 453.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company's stock worth $403,782,000 after purchasing an additional 2,724,682 shares during the period. Finally, SRS Investment Management LLC acquired a new stake in Airbnb during the 4th quarter worth $342,017,000. Institutional investors and hedge funds own 80.76% of the company's stock.

About Airbnb

(Get Free Report)

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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Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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