Brian Chesky Sells 38,461 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total transaction of $5,122,620.59. Following the transaction, the chief executive officer now directly owns 12,460,447 shares of the company’s stock, valued at $1,659,606,935.93. The trade was a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $135.82, for a total transaction of $5,223,773.02.
  • 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 value of $5,288,002.89.
  • On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62.

Airbnb Price Performance

Shares of Airbnb stock opened at $127.09 on Friday. The stock has a 50 day moving average of $133.97 and a 200 day moving average of $131.39. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market cap of $80.57 billion, a PE ratio of 44.59, a PEG ratio of 1.80 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the company posted $2.39 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Pacer Advisors Inc. raised its position in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the period. Meritage Group LP purchased a new stake in Airbnb during the third quarter valued at approximately $160,985,000. Edgewood Management LLC raised its position in Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the period. International Assets Investment Management LLC raised its position in Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after purchasing an additional 1,113,747 shares during the period. Finally, Temasek Holdings Private Ltd raised its position in Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock valued at $294,726,000 after purchasing an additional 1,109,076 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on ABNB. Citigroup increased their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Truist Financial dropped their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Benchmark restated a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Susquehanna lifted their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. Finally, Raymond James assumed coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target for the company. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $139.63.

Check Out Our Latest Research Report on Airbnb

About Airbnb

(Get Free Report)

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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Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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