Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $5,137,620.38 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38. Following the sale, the chief executive officer now owns 12,537,369 shares in the company, valued at approximately $1,674,741,751.02. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 9th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $137.49, for a total transaction of $5,288,002.89.
• 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 value of $5,152,486.20.
• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $127.32, for a total value of $9,793,836.36.

Airbnb Stock Performance

Shares of ABNB stock traded up $0.33 during mid-day trading on Thursday, reaching $135.32. 2,023,593 shares of the company’s stock traded hands, compared to its average volume of 4,533,586. The firm has a 50 day moving average price of $135.74 and a two-hundred day moving average price of $134.00. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The firm has a market capitalization of $85.79 billion, a PE ratio of 47.48, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

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

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research analyst reports. Barclays lifted their target price on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. UBS Group lifted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Finally, Bank of America upped their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Six analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $139.48.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. HB Wealth Management LLC raised its holdings in shares of Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after acquiring an additional 76 shares in the last quarter. Sage Mountain Advisors LLC lifted its position in Airbnb by 1.1% during the second quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock valued at $1,113,000 after purchasing an additional 79 shares during the last quarter. Asset Dedication LLC grew its stake in shares of Airbnb by 7.6% in the 2nd quarter. Asset Dedication LLC now owns 1,193 shares of the company’s stock worth $181,000 after buying an additional 84 shares in the last quarter. Koshinski Asset Management Inc. raised its position in Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the period. Finally, Edge Capital Group LLC boosted its stake in Airbnb by 1.2% during the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after buying an additional 87 shares during the period. 80.76% of the stock is currently owned by hedge funds and other 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.