Airbnb (NASDAQ:ABNB) CFO Sells 3,748 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,748 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $153.34, for a total value of $574,718.32. Following the sale, the chief financial officer directly owned 441,542 shares in the company, valued at $67,706,050.28. This trade represents a 0.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, July 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The shares were sold at an average price of $148.01, for a total value of $555,037.50.
• On Tuesday, June 2nd, Elinor Mertz sold 7,433 shares of Airbnb stock. The stock was sold at an average price of $136.24, for a total value of $1,012,671.92.

Airbnb Trading Up 1.7%

NASDAQ ABNB traded up $2.57 on Wednesday, hitting $152.49. 4,076,578 shares of the company were exchanged, compared to its average volume of 4,066,802. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $156.50. The firm has a market capitalization of $91.91 billion, a P/E ratio of 37.56, a price-to-earnings-growth ratio of 1.61 and a beta of 1.14. The company’s 50 day moving average price is $142.33 and its 200-day moving average price is $135.27.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 earnings per share. Analysts predict that Airbnb, Inc. will post 4.93 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Harris Associates L P boosted its holdings in Airbnb by 21.0% in the 4th quarter. Harris Associates L P now owns 18,694,408 shares of the company’s stock valued at $2,537,205,000 after purchasing an additional 3,240,477 shares during the period. Geode Capital Management LLC increased its holdings in shares of Airbnb by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock worth $1,368,338,000 after purchasing an additional 47,966 shares during the period. AQR Capital Management LLC increased its holdings in shares of Airbnb by 58.4% during the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company’s stock worth $917,845,000 after purchasing an additional 2,492,847 shares during the period. Clearbridge Investments LLC raised its position in shares of Airbnb by 3.7% during the fourth quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock valued at $824,356,000 after buying an additional 216,455 shares during the last quarter. Finally, Independent Franchise Partners LLP lifted its stake in shares of Airbnb by 23.6% in the fourth quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock valued at $698,452,000 after buying an additional 981,624 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several research analyst reports. Morgan Stanley lifted their price objective on shares of Airbnb from $120.00 to $125.00 and gave the stock an “underweight” rating in a research report on Thursday, July 30th. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. HC Wainwright raised shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Finally, Susquehanna boosted their price target on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $160.65.

Airbnb Company Profile

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.