Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $5,288,002.89 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89. Following the transaction, the chief executive officer now directly owns 12,577,839 shares in the company, valued at $1,729,327,084.11. This trade represents a 0.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Brian Chesky also recently made the following trade(s):

• On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62.
• On Monday, October 14th, Brian Chesky sold 38,460 shares of Airbnb stock. The stock was sold at an average price of $133.97, for a total transaction of $5,152,486.20.
• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The shares were sold at an average price of $127.32, for a total transaction of $9,793,836.36.
• On Tuesday, September 17th, Brian Chesky sold 230,769 shares of Airbnb stock. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00.

Airbnb Stock Performance

Shares of ABNB opened at $130.95 on Friday. The firm has a market cap of $83.02 billion, a price-to-earnings ratio of 45.95, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company’s fifty day moving average is $135.91 and its 200-day moving average is $134.85. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company earned $2.39 earnings per share. Equities analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on ABNB. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. DA Davidson lifted their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research note on Monday, November 18th. Wedbush boosted their target price on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Mizuho dropped their price target on Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $138.94.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ABNB. Northwest Investment Counselors LLC bought a new position in shares of Airbnb in the third quarter valued at approximately $25,000. Hollencrest Capital Management raised its holdings in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the period. New Millennium Group LLC acquired a new position in Airbnb during the 2nd quarter worth $28,000. Cultivar Capital Inc. bought a new stake in Airbnb during the second quarter valued at about $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the third quarter valued at about $30,000. 80.76% of the stock is owned by institutional investors.

Airbnb Company Profile

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.