Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CFO Sells 6,250 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the sale, the chief financial officer directly owned 461,361 shares of the company's stock, valued at $62,680,505.46. This represents a 1.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Wednesday, June 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $132.28, for a total transaction of $826,750.00.
• 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 transaction 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 transaction of $771,437.50.

Airbnb Trading Down 0.1%

ABNB stock traded down $0.14 during mid-day trading on Wednesday, reaching $136.85. 4,240,472 shares of the stock traded hands, compared to its average volume of 5,401,378. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock's fifty day moving average is $132.24 and its 200-day moving average is $130.57. The company has a market cap of $85.72 billion, a P/E ratio of 34.56, a P/E/G ratio of 2.57 and a beta of 1.13.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $0.41 EPS. Equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ABNB shares. Citigroup cut their target price on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a report on Monday, May 5th. BTIG Research reaffirmed a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Canaccord Genuity Group dropped their price objective on Airbnb from $190.00 to $180.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Robert W. Baird lowered their target price on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Finally, Tigress Financial upped their price objective on shares of Airbnb from $195.00 to $200.00 and gave the stock a "buy" rating in a research note on Friday, March 14th. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of "Hold" and a consensus target price of $141.47.

Institutional Trading of Airbnb

A number of hedge funds have recently bought and sold shares of ABNB. MJP Associates Inc. ADV lifted its stake in Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after purchasing an additional 67 shares during the last quarter. Geneos Wealth Management Inc. raised its position in 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 purchasing an additional 78 shares during the last quarter. Ellevest Inc. increased its position in Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock valued at $349,000 after purchasing an additional 80 shares during the period. Harbour Investments Inc. increased its position in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock worth $88,000 after buying an additional 80 shares during the period. Finally, Koshinski Asset Management Inc. raised its stake in Airbnb by 4.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock worth $237,000 after buying an additional 83 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

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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