Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CFO Sells $4,000,000.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 25,000 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00. Following the sale, the chief financial officer now directly owns 459,988 shares of the company’s stock, valued at approximately $73,598,080. This represents a 5.15 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $129.58, for a total transaction of $809,875.00.
• On Monday, January 6th, Elinor Mertz sold 6,250 shares of Airbnb stock. The shares were sold at an average price of $137.00, for a total transaction of $856,250.00.
• On Tuesday, December 3rd, Elinor Mertz sold 10,500 shares of Airbnb stock. The shares were sold at an average price of $136.97, for a total transaction of $1,438,185.00.

Airbnb Price Performance

NASDAQ ABNB opened at $146.07 on Friday. 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 company has a fifty day simple moving average of $135.45 and a 200 day simple moving average of $130.96. The company has a market cap of $92.60 billion, a P/E ratio of 35.37, a P/E/G ratio of 3.81 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Trading of Airbnb

Hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in Airbnb in the 4th quarter valued at $25,000. Northwest Investment Counselors LLC bought a new stake in Airbnb in the 3rd quarter valued at $25,000. Berbice Capital Management LLC bought a new stake in Airbnb in the 4th quarter valued at $26,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the period. Finally, Orion Capital Management LLC bought a new stake in Airbnb in the 4th quarter valued at $28,000. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company cut their price target on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Truist Financial cut their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Benchmark boosted their price target on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a report on Friday, February 14th. UBS Group boosted their price target on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $147.00.

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.