Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $37,191,215.52 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the sale, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at $1,934,067,139.08. The trade was a 1.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, February 18th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $160.32, for a total value of $18,498,523.20.
• On Wednesday, February 12th, Brian Chesky sold 190,301 shares of Airbnb stock. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51.
• On Monday, February 3rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $129.87, for a total value of $4,994,930.07.
• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $133.19, for a total value of $5,122,620.59.
• 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 value of $5,223,773.02.
• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were 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 shares were sold at an average price of $139.94, for a total value of $10,764,604.62.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $146.07 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $92.60 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 3.81 and a beta of 1.12. The stock’s fifty day simple moving average is $135.45 and its 200 day simple moving average is $130.96. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group raised their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Canaccord Genuity Group raised their price objective on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Phillip Securities restated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Piper Sandler increased their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $147.00.

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of the business. MJP Associates Inc. ADV boosted its position in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after purchasing an additional 67 shares during the last quarter. CAP Partners LLC boosted its position in Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC boosted its position in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares during the last quarter. Ellevest Inc. boosted its position in Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock valued at $349,000 after purchasing an additional 80 shares during the last quarter. Finally, Manchester Capital Management LLC boosted its position in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares during 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.