Key Points
- CFO Elinor Mertz sold 3,750 Airbnb shares on March 2 at an average price of $130.00 for $487,500, leaving her with 402,417 shares (a 0.92% reduction in her stake).
- Multiple recent insider sales total 18,750 shares (Dec 12, Jan 2, Feb 2, Mar 2) worth roughly $2.46 million, indicating repeated disposals over the past months.
- Company context: ABNB traded around $137.54 (up 1.5%), recently missed EPS expectations ($0.56 vs. $0.66) but beat revenue estimates at $2.78B, and carries a MarketBeat consensus rating of "Hold" with an average target of $149.42.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 3,750 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $130.00, for a total value of $487,500.00. Following the sale, the chief financial officer owned 402,417 shares of the company's stock, valued at approximately $52,314,210. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Elinor Mertz also recently made the following trade(s):
- On Monday, February 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The shares were sold at an average price of $130.00, for a total value of $487,500.00.
- On Friday, January 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The shares were sold at an average price of $135.94, for a total value of $509,775.00.
- On Friday, December 12th, Elinor Mertz sold 7,500 shares of Airbnb stock. The stock was sold at an average price of $130.00, for a total value of $975,000.00.
Airbnb Trading Up 1.5%
ABNB stock traded up $2.00 during mid-day trading on Thursday, reaching $137.54. The company's stock had a trading volume of 1,179,669 shares, compared to its average volume of 4,954,647. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $143.88. The business's 50 day moving average price is $130.64 and its 200 day moving average price is $126.44. The company has a market cap of $83.72 billion, a price-to-earnings ratio of 34.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The business's quarterly revenue was up 12.9% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd bought a new stake in Airbnb during the third quarter worth $25,000. ORG Partners LLC grew its stake in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after acquiring an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC raised its holdings in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Entrust Financial LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at about $27,000. Finally, Sunbelt Securities Inc. lifted its position in shares of Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Institutional investors own 80.76% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on ABNB. TD Cowen increased their price objective on shares of Airbnb from $150.00 to $160.00 and gave the stock a "buy" rating in a research report on Friday, February 13th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Airbnb in a research note on Wednesday, January 14th. UBS Group increased their price target on Airbnb from $147.00 to $149.00 and gave the stock a "neutral" rating in a report on Tuesday, February 3rd. Argus upgraded Airbnb to a "strong-buy" rating in a report on Tuesday, February 17th. Finally, Jefferies Financial Group upped their target price on Airbnb from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, December 5th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $149.42.
Get Our Latest Analysis on ABNB
About Airbnb
(
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.
Further Reading
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