Key Points
- Airbnb CFO Elinor Mertz sold 3,750 shares on April 8 at an average price of $130.99, totaling $491,212.50 under a pre-arranged Rule 10b5-1 plan, leaving her with 394,359 shares (a 0.94% reduction).
- Mertz made similar sales on March 2 and February 2—each of 3,750 shares at $130—indicating recurring scheduled dispositions.
- Airbnb recently missed EPS at $0.56 vs. $0.66 consensus but beat revenue at $2.78B (+12.9% YoY); the stock trades near $129 with a market cap of about $78.5B and an average analyst rating of "Hold" (average target $149.40).
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 3,750 shares of the company's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $130.99, for a total transaction of $491,212.50. Following the transaction, the chief financial officer owned 394,359 shares in the company, valued at approximately $51,657,085.41. This trade represents a 0.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Elinor Mertz also recently made the following trade(s):
- On Monday, March 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00.
- On Monday, February 2nd, Elinor Mertz sold 3,750 shares of Airbnb stock. The stock was sold at an average price of $130.00, for a total transaction of $487,500.00.
Airbnb Stock Down 0.2%
Shares of NASDAQ ABNB opened at $128.96 on Friday. Airbnb, Inc. has a 12-month low of $109.79 and a 12-month high of $143.88. The company has a market cap of $78.50 billion, a price-to-earnings ratio of 31.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. The firm's 50-day simple moving average is $127.72 and its 200 day simple moving average is $127.06.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The business's revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Analyst Ratings Changes
ABNB has been the topic of a number of research reports. Wedbush restated a "neutral" rating and set a $130.00 target price on shares of Airbnb in a research report on Friday, February 13th. Morgan Stanley set a $120.00 target price on shares of Airbnb in a research report on Friday, February 13th. Tigress Financial cut their target price on shares of Airbnb from $200.00 to $185.00 and set a "buy" rating on the stock in a research report on Wednesday. Citizens Jmp upgraded shares of Airbnb from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a research report on Wednesday, February 4th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Airbnb in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Airbnb presently has an average rating of "Hold" and an average price target of $149.40.
Read Our Latest Report on ABNB
Institutional Trading of Airbnb
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Patton Fund Management Inc. increased its stake in shares of Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company's stock valued at $254,000 after acquiring an additional 77 shares during the last quarter. BOKF NA increased its stake in shares of Airbnb by 11.0% in the 4th quarter. BOKF NA now owns 787 shares of the company's stock valued at $107,000 after acquiring an additional 78 shares during the last quarter. Yoder Wealth Management Inc. increased its stake in shares of Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company's stock valued at $3,582,000 after acquiring an additional 84 shares during the last quarter. Private Advisor Group LLC increased its stake in shares of Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company's stock valued at $1,007,000 after acquiring an additional 86 shares during the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of Airbnb by 4.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company's stock valued at $270,000 after acquiring an additional 87 shares during the last quarter. 80.76% of the stock is owned by institutional investors.
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.
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