Airbnb (NASDAQ:ABNB) CFO Elinor Mertz Sells 12,184 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 12,184 shares of Airbnb stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $127.65, for a total value of $1,555,287.60. Following the completion of the sale, the chief financial officer owned 444,070 shares of the company’s stock, valued at approximately $56,685,535.50. The trade was a 2.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, September 2nd, Elinor Mertz sold 4,630 shares of Airbnb stock. The stock was sold at an average price of $128.42, for a total value of $594,584.60.

Airbnb Stock Down 0.8%

Shares of ABNB stock opened at $128.01 on Wednesday. The stock has a 50-day moving average price of $124.59 and a 200 day moving average price of $128.20. The firm has a market cap of $79.55 billion, a price-to-earnings ratio of 31.00, a PEG ratio of 2.35 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.11. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The company’s revenue was up 12.7% on a year-over-year basis. During the same period last year, the company earned $0.86 earnings per share. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Kentucky Trust Co acquired a new position in shares of Airbnb in the 2nd quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Concord Wealth Partners acquired a new position in shares of Airbnb in the 2nd quarter valued at approximately $28,000. Stonebridge Financial Group LLC grew its position in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 106 shares during the period. Finally, Whipplewood Advisors LLC grew its position in shares of Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after purchasing an additional 160 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on ABNB shares. BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Tuesday, October 7th. BMO Capital Markets set a $124.00 target price on Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. Wells Fargo & Company set a $110.00 target price on Airbnb and gave the stock an “underweight” rating in a research report on Thursday, August 7th. Wedbush decreased their target price on Airbnb from $135.00 to $130.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their target price on Airbnb from $140.00 to $145.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have given a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $141.70.

About Airbnb

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.