Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CFO Sells 25,000 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 25,000 shares of the stock in a transaction 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 completion of the transaction, the chief financial officer now owns 459,988 shares of the company’s stock, valued at approximately $73,598,080. This represents a 5.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 Stock Down 5.9 %

Airbnb stock opened at $146.07 on Friday. The company’s 50 day simple moving average is $135.45 and its 200 day simple moving average is $130.96. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market capitalization of $92.60 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 3.81 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share 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%. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on ABNB shares. Wedbush restated an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. B. Riley increased their target price on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. UBS Group increased their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Finally, Citigroup increased their target price on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $147.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Putney Financial Group LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $178,000. AlphaCore Capital LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $432,000. Mackenzie Financial Corp raised its holdings in Airbnb by 33.2% during the 4th quarter. Mackenzie Financial Corp now owns 52,619 shares of the company’s stock worth $6,915,000 after buying an additional 13,113 shares during the period. Amiral Gestion acquired a new stake in Airbnb during the 4th quarter worth approximately $631,000. Finally, North Star Asset Management Inc. raised its holdings in Airbnb by 8.1% during the 4th quarter. North Star Asset Management Inc. now owns 53,147 shares of the company’s stock worth $6,984,000 after buying an additional 4,001 shares during the period. Institutional investors own 80.76% of the company’s stock.

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.