Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 51,230 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 51,230 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares in the company, valued at $6,014,210.64. The trade was a 52.77% decrease in their position. 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 Friday, December 12th, Brian Chesky sold 8,770 shares of Airbnb stock. The shares were sold at an average price of $130.17, for a total value of $1,141,590.90.

Airbnb Trading Up 0.2%

Airbnb stock opened at $132.01 on Wednesday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11. The business’s fifty day simple moving average is $122.46 and its two-hundred day simple moving average is $127.45.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 EPS. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its position in Airbnb by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after purchasing an additional 31,120 shares during the period. Plato Investment Management Ltd increased its position in shares of Airbnb by 53.1% during the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock valued at $2,291,000 after purchasing an additional 6,579 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Airbnb by 52.9% during the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock valued at $293,590,000 after buying an additional 850,719 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Airbnb by 5.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company’s stock worth $21,132,000 after buying an additional 8,605 shares during the last quarter. Finally, York GP Ltd. purchased a new position in Airbnb during the second quarter worth $6,617,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ABNB shares. UBS Group upped their target price on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Barclays upped their price objective on Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Mizuho set a $156.00 target price on Airbnb in a report on Friday, November 7th. Wedbush restated a “neutral” rating and issued a $130.00 price target on shares of Airbnb in a research note on Friday, November 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $165.00 price target on shares of Airbnb in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $144.85.

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.