Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz Sells 4,809 Shares

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 4,809 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $128.85, for a total transaction of $619,639.65. Following the transaction, the chief financial officer now directly owns 473,861 shares of the company's stock, valued at approximately $61,056,989.85. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, May 5th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was 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 Stock Performance

Shares of NASDAQ:ABNB traded up $4.04 during trading on Friday, reaching $141.33. 4,967,952 shares of the stock were exchanged, compared to its average volume of 4,980,683. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a 50-day moving average price of $123.22 and a 200-day moving average price of $130.69. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market cap of $88.53 billion, a PE ratio of 34.21, a PEG ratio of 3.52 and a beta of 1.14.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on ABNB shares. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Hsbc Global Res raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Susquehanna lowered their price target on Airbnb from $200.00 to $150.00 and set a "positive" rating on the stock in a research note on Monday, May 5th. Phillip Securities downgraded Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Finally, UBS Group lowered their price objective on Airbnb from $160.00 to $138.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $141.23.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently bought and sold shares of the company. First Hawaiian Bank lifted its stake in Airbnb by 10.5% during the first quarter. First Hawaiian Bank now owns 7,330 shares of the company's stock worth $876,000 after purchasing an additional 699 shares during the last quarter. Strs Ohio bought a new position in shares of Airbnb in the 1st quarter valued at $11,440,000. SWS Partners raised its holdings in shares of Airbnb by 72.9% during the 1st quarter. SWS Partners now owns 13,553 shares of the company's stock worth $1,619,000 after buying an additional 5,715 shares in the last quarter. Acadian Asset Management LLC lifted its position in shares of Airbnb by 52.9% during the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company's stock worth $293,590,000 after buying an additional 850,719 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in shares of Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock worth $604,000 after buying an additional 78 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.