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

Key Points

  • Director Joseph Gebbia sold 58,000 shares on May 4 at an average of $140.37 for about $8.14M, cutting his stake by roughly 51.8% to 54,015 shares, and this sale follows multiple identical 58,000-share disposals earlier in Feb–Apr, indicating sizable ongoing insider selling.
  • Airbnb's Q1 missed EPS estimates ($0.56 vs. $0.66) though revenue rose 12.9% to $2.78B; the stock trades near its 52-week high with a market cap of about $85.15B and a P/E of ~34.6.
  • Analyst sentiment is broadly positive-to-mixed: MarketBeat shows a consensus "Moderate Buy" with a $153 price target while several firms have upgraded or raised targets, even as some commentary recommends selling into earnings.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 3,750 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $143.00, for a total value of $536,250.00. Following the completion of the sale, the chief financial officer owned 463,415 shares in the company, valued at approximately $66,268,345. The trade was a 0.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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.
  • 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 value of $487,500.00.

Airbnb Stock Up 0.1%

ABNB stock opened at $139.88 on Thursday. The business's fifty day simple moving average is $133.12 and its two-hundred day simple moving average is $129.19. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The firm has a market cap of $85.15 billion, a price-to-earnings ratio of 34.62, a PEG ratio of 1.70 and a beta of 1.20.




Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The business had revenue of $2.78 billion during the quarter, compared to analysts' expectations of $2.71 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The business's revenue for the quarter was up 12.9% on a year-over-year basis. Research analysts expect that Airbnb, Inc. will post 4.95 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently made changes to their positions in the company. Harris Associates L P grew its stake in Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company's stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP purchased a new position in Airbnb in the third quarter valued at about $505,672,000. Norges Bank purchased a new position in Airbnb in the fourth quarter valued at about $480,332,000. Jennison Associates LLC grew its stake in Airbnb by 9,331.0% in the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company's stock valued at $400,681,000 after purchasing an additional 3,139,315 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company's stock valued at $403,782,000 after purchasing an additional 2,724,682 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

Analysts Set New Price Targets

Several equities analysts have recently commented on ABNB shares. Citizens Jmp upgraded Airbnb from a "market perform" rating to an "outperform" rating and set a $160.00 price target on the stock in a research note on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft upgraded Airbnb from a "hold" rating to a "buy" rating and set a $154.00 price target on the stock in a research note on Friday, February 13th. BMO Capital Markets raised their price target on Airbnb from $130.00 to $140.00 and gave the company a "market perform" rating in a research note on Friday, February 13th. B. Riley Financial upgraded Airbnb from a "neutral" rating to a "buy" rating and raised their price target for the company from $140.00 to $170.00 in a research note on Monday, January 12th. Finally, Oppenheimer upgraded Airbnb from a "market perform" rating to an "outperform" rating and set a $180.00 price target on the stock in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Airbnb has a consensus rating of "Moderate Buy" and an average price target of $153.00.

Check Out Our Latest Stock Report 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.

See Also

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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