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 on Tuesday, March 4th. The shares were sold at an average price of $140.10, for a total transaction of $875,625.00. Following the completion of the transaction, the chief financial officer now owns 449,463 shares of the company's stock, valued at approximately $62,969,766.30. This represents a 1.37 % 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 Friday, February 14th, Elinor Mertz sold 25,000 shares of Airbnb stock. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00.
• 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.

Airbnb Trading Down 0.3 %

Shares of NASDAQ:ABNB traded down $0.38 during mid-day trading on Friday, reaching $134.39. The stock had a trading volume of 5,616,596 shares, compared to its average volume of 4,386,382. The firm has a market cap of $84.74 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The firm has a 50 day simple moving average of $136.94 and a two-hundred day simple moving average of $132.76. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

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Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, February 13th. The company reported $0.73 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, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Trading of Airbnb

Hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of Airbnb by 6,085.6% in the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company's stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Norges Bank acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $433,374,000. Clearbridge Investments LLC raised its holdings in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after purchasing an additional 2,590,475 shares during the last quarter. Two Sigma Advisers LP raised its holdings in shares of Airbnb by 512.0% in the fourth quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company's stock valued at $404,782,000 after purchasing an additional 2,577,000 shares during the last quarter. Finally, Meritage Group LP acquired a new stake in shares of Airbnb in the third quarter valued at approximately $160,985,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on ABNB shares. B. Riley increased their price objective on shares of Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a "hold" rating on shares of Airbnb in a report on Friday, February 14th. Wedbush reaffirmed an "outperform" rating and issued a $155.00 target price on shares of Airbnb in a report on Tuesday, February 4th. Robert W. Baird raised shares of Airbnb from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $140.00 to $175.00 in a report on Friday, February 14th. Finally, Susquehanna upped their target price on shares of Airbnb from $160.00 to $200.00 and gave the stock a "positive" rating in a report on Tuesday, February 18th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb has an average rating of "Hold" and a consensus target price of $146.48.

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.