Key Points
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Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 3,750 shares of the company's stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $135.94, for a total transaction of $509,775.00. Following the transaction, the chief financial officer owned 414,280 shares in the company, valued at approximately $56,317,223.20. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Elinor Mertz also recently made the following trade(s):
- On Friday, December 12th, Elinor Mertz sold 7,500 shares of Airbnb stock. The shares were sold at an average price of $130.00, for a total transaction of $975,000.00.
- On Tuesday, October 28th, Elinor Mertz sold 7,500 shares of Airbnb stock. The stock was sold at an average price of $130.00, for a total transaction of $975,000.00.
- On Friday, October 24th, Elinor Mertz sold 12,184 shares of Airbnb stock. The stock was sold at an average price of $127.65, for a total transaction of $1,555,287.60.
Airbnb Price Performance
Shares of Airbnb stock opened at $138.02 on Wednesday. The firm has a 50 day simple moving average of $125.85 and a 200 day simple moving average of $127.50. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market cap of $84.96 billion, a P/E ratio of 32.78, a P/E/G ratio of 2.11 and a beta of 1.09.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm's quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company posted $2.13 EPS. On average, sell-side analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.
Institutional Trading of Airbnb
A number of hedge funds have recently modified their holdings of the company. Kentucky Trust Co acquired a new position in Airbnb during the second quarter valued at approximately $25,000. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 83 shares in the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the period. Finally, Wiser Advisor Group LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at $27,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on ABNB shares. Royal Bank Of Canada upgraded Airbnb from a "sector perform" rating to an "outperform" rating and lifted their price objective for the stock from $145.00 to $170.00 in a research report on Wednesday, December 17th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Airbnb in a research note on Wednesday, October 8th. DA Davidson reiterated a "buy" rating and set a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. Sanford C. Bernstein dropped their price target on shares of Airbnb from $165.00 to $162.00 and set an "outperform" rating for the company in a research note on Tuesday. Finally, Barclays increased their price objective on shares of Airbnb from $105.00 to $107.00 and gave the company an "underweight" rating in a report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $144.36.
Read Our Latest Report on ABNB
Airbnb Company Profile
(
Get Free Report)
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.
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