Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $5,223,773.02 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $135.82, for a total value of $5,223,773.02. Following the sale, the chief executive officer now directly owns 12,498,908 shares in the company, valued at approximately $1,697,601,684.56. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38.
• On Monday, December 9th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were 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 transaction of $5,152,486.20.

Airbnb Trading Down 0.4 %

Shares of ABNB stock traded down $0.49 on Wednesday, hitting $130.80. The stock had a trading volume of 3,204,148 shares, compared to its average volume of 3,576,467. The company’s 50 day moving average price is $135.31 and its 200-day moving average price is $132.96. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market capitalization of $82.92 billion, a P/E ratio of 45.89, a P/E/G ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates 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. Analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ABNB shares. DA Davidson increased their price target on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Barclays upped their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Citigroup lifted their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Finally, Cantor Fitzgerald reissued an “underweight” rating and issued a $94.00 price objective on shares of Airbnb in a research note on Monday, October 7th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.48.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter worth approximately $25,000. Hollencrest Capital Management increased its position in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb in the 3rd quarter valued at $30,000. Quarry LP acquired a new position in shares of Airbnb during the third quarter worth $55,000. Finally, Meeder Asset Management Inc. grew its stake in shares of Airbnb by 73.6% during the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.