Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 230,772 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 230,772 shares of the stock in a transaction on Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the transaction, the chief executive officer now directly owns 12,000,913 shares of the company’s stock, valued at approximately $1,934,067,139.08. The trade was a 1.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

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

Airbnb Price Performance

Airbnb stock traded down $2.77 during mid-day trading on Wednesday, reaching $157.83. 6,889,056 shares of the company’s stock traded hands, compared to its average volume of 5,117,738. The company has a market cap of $100.06 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.38 and a beta of 1.12. The stock has a 50 day moving average of $134.42 and a two-hundred day moving average of $130.45. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts forecast that Airbnb, Inc. will post 4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on ABNB shares. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. B. Riley boosted their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price for the company in a research note on Friday, February 14th. Finally, Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $147.00.

Institutional Trading of Airbnb

A number of hedge funds have recently added to or reduced their stakes in the business. North Star Asset Management Inc. raised its position in shares of Airbnb by 8.1% in the 4th quarter. North Star Asset Management Inc. now owns 53,147 shares of the company’s stock valued at $6,984,000 after purchasing an additional 4,001 shares during the last quarter. Cache Advisors LLC acquired a new stake in Airbnb in the 4th quarter valued at $933,000. GF Fund Management CO. LTD. acquired a new stake in Airbnb in the 4th quarter valued at $10,781,000. University of Texas Texas AM Investment Management Co. acquired a new stake in Airbnb in the 4th quarter valued at $49,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Airbnb in the 4th quarter valued at $24,764,000. 80.76% of the stock is 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.