Insider Selling: Airbnb (NASDAQ:ABNB) CFO Sells 3,750 Shares

Airbnb, Inc. (NASDAQ:ABNB) CFO Elinor Mertz sold 3,750 shares of the stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $148.01, for a total transaction of $555,037.50. Following the completion of the sale, the chief financial officer owned 445,290 shares of the company’s stock, valued at approximately $65,907,372.90. The trade was a 0.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Tuesday, June 2nd, Elinor Mertz sold 7,433 shares of Airbnb stock. The shares were sold at an average price of $136.24, for a total value of $1,012,671.92.
• On Monday, May 4th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $143.00, for a total value of $536,250.00.
• On Wednesday, April 8th, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.99, for a total value of $491,212.50.

Airbnb Stock Performance

Shares of ABNB traded up $1.15 on Tuesday, reaching $148.80. 2,282,394 shares of the stock traded hands, compared to its average volume of 3,575,042. The firm has a market cap of $89.68 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 1.58 and a beta of 1.14. 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 12 month low of $110.81 and a 12 month high of $150.19. The stock’s 50-day moving average price is $138.11 and its 200-day moving average price is $133.81.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion for 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 firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.24 EPS. Equities analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ABNB. Wells Fargo & Company increased their target price on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Citigroup reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Morgan Stanley lowered Airbnb from an “underweight” rating to an “underweight” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their price objective on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Moderate Buy” and a consensus price target of $158.36.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fermata Advisors LLC bought a new position in Airbnb during the 2nd quarter worth approximately $223,000. GAMMA Investing LLC increased its stake in Airbnb by 17.8% during the 2nd quarter. GAMMA Investing LLC now owns 10,165 shares of the company’s stock worth $1,455,000 after purchasing an additional 1,539 shares in the last quarter. Canandaigua National Bank & Trust Co. acquired a new position in shares of Airbnb in the second quarter valued at approximately $420,000. Basecamp Wealth Advisors LLC increased its position in shares of Airbnb by 99.6% during the first quarter. Basecamp Wealth Advisors LLC now owns 521 shares of the company’s stock worth $66,000 after acquiring an additional 260 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Airbnb by 2.5% during the first quarter. Pacer Advisors Inc. now owns 2,325,214 shares of the company’s stock worth $293,628,000 after acquiring an additional 56,250 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.