Brian Chesky Sells 230,769 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• On Monday, July 22nd, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $149.11, for a total value of $17,205,057.35.
• On Monday, July 8th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $151.95, for a total transaction of $17,532,750.75.
• On Monday, June 24th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $148.68, for a total transaction of $17,155,441.80.

Airbnb Stock Performance

ABNB stock opened at $131.18 on Friday. The business’s fifty day moving average is $125.60 and its 200-day moving average is $144.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The company has a market cap of $84.49 billion, a P/E ratio of 17.56, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.98 EPS. Equities research analysts forecast that Airbnb, Inc. will post 4.39 EPS for the current year.

Institutional Trading of Airbnb

A number of large investors have recently made changes to their positions in ABNB. Transcendent Capital Group LLC acquired a new stake in Airbnb during the 1st quarter worth $25,000. Trust Co. of Vermont bought a new position in shares of Airbnb during the 4th quarter valued at about $27,000. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter valued at approximately $28,000. Vima LLC bought a new stake in Airbnb during the 4th quarter worth approximately $29,000. Finally, Cultivar Capital Inc. acquired a new stake in Airbnb during the 2nd quarter worth approximately $30,000. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a report on Monday, August 26th. BMO Capital Markets reduced their target price on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reduced their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, UBS Group reduced their target price on Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $134.17.

About Airbnb

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.