Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction on Wednesday, April 9th. The stock was sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief financial officer now owns 491,330 shares of the company's stock, valued at $58,959,600. The trade was a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Elinor Mertz also recently made the following trade(s):
- On Tuesday, March 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $140.10, for a total transaction of $875,625.00.
- On Friday, February 14th, Elinor Mertz sold 25,000 shares of Airbnb stock. The shares were sold at an average price of $160.00, for a total transaction of $4,000,000.00.
- On Tuesday, February 4th, Elinor Mertz sold 6,250 shares of Airbnb stock. The stock was sold at an average price of $129.58, for a total value of $809,875.00.
Airbnb Price Performance
Shares of ABNB stock opened at $114.54 on Friday. The stock's fifty day moving average is $131.21 and its 200-day moving average is $132.84. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $166.74. The stock has a market capitalization of $72.22 billion, a PE ratio of 27.73, a PEG ratio of 3.52 and a beta of 1.15.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Wall Street Analyst Weigh In
ABNB has been the topic of a number of research analyst reports. Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a report on Friday, February 14th. Hsbc Global Res upgraded shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. HSBC upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Robert W. Baird dropped their price objective on shares of Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Finally, DA Davidson increased their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $146.56.
Read Our Latest Analysis on ABNB
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its stake in shares of Airbnb by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock valued at $1,244,514,000 after buying an additional 72,991 shares during the period. Clearbridge Investments LLC lifted its stake in Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock valued at $571,505,000 after buying an additional 2,590,475 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock valued at $564,647,000 after buying an additional 331,607 shares during the period. Renaissance Technologies LLC increased its position in shares of Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock worth $548,683,000 after acquiring an additional 558,856 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Airbnb during the fourth quarter worth $433,374,000. Institutional investors own 80.76% of the company's stock.
About Airbnb
(
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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.
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