Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $5,288,002.89 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.49, for a total value of $5,288,002.89. Following the completion of the sale, the chief executive officer now owns 12,577,839 shares in the company, valued at approximately $1,729,327,084.11. The trade was a 0.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• 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 value of $5,152,486.20.
• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $127.32, for a total transaction of $9,793,836.36.
• On Tuesday, September 17th, Brian Chesky sold 230,769 shares of Airbnb stock. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00.

Airbnb Stock Performance

Shares of ABNB traded up $0.54 during trading hours on Wednesday, reaching $138.84. 4,096,020 shares of the company traded hands, compared to its average volume of 4,517,472. The stock has a market cap of $88.02 billion, a P/E ratio of 48.53, a price-to-earnings-growth ratio of 1.91 and a beta of 1.13. The stock’s fifty day moving average is $135.39 and its 200 day moving average is $134.90. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS 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 period last year, the company earned $2.39 earnings per share. Equities research analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. acquired a new position in shares of Airbnb in the 2nd quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Mizuho dropped their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Raymond James started coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Susquehanna raised their target price on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $138.94.

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.