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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the sale, the chief executive officer now directly owns 12,421,986 shares in the company, valued at $1,613,243,321.82. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• 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 transaction 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 stock was 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 transaction of $10,764,604.62.

Airbnb Stock Down 0.9 %

Airbnb stock traded down $1.14 on Wednesday, hitting $129.60. 3,000,613 shares of the stock traded hands, compared to its average volume of 3,901,965. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $133.29 and its 200 day simple moving average is $130.27. The firm has a market cap of $82.16 billion, a P/E ratio of 45.47, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly 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 company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the business earned $2.39 earnings per share. As a group, sell-side analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on ABNB. DA Davidson lifted their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Jefferies Financial Group upped their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. Finally, Citigroup lifted their price target 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. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $139.63.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently added to or reduced their stakes in ABNB. CAP Partners LLC boosted its stake in Airbnb by 3.6% during the 4th 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. Manchester Capital Management LLC boosted its position in shares of 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 buying an additional 81 shares during the last quarter. Salvus Wealth Management LLC increased its holdings in Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 84 shares in the last quarter. Koshinski Asset Management Inc. raised its position in Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after buying an additional 85 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after acquiring an additional 94 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.