Brian Chesky Sells 76,923 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00.

Airbnb Trading Down 1.0 %

Shares of ABNB opened at $138.28 on Friday. The firm’s 50 day simple moving average is $133.86 and its 200 day simple moving average is $135.47. The company has a market capitalization of $87.67 billion, a P/E ratio of 48.52, a P/E/G ratio of 2.00 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the business earned $2.39 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 4.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the topic of several research analyst reports. Mizuho cut their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Raymond James assumed coverage on shares of Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective on the stock. Bank of America restated a “hold” rating and set a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a report on Friday, October 11th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, BMO Capital Markets lowered their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus price target of $138.97.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Farrow Financial Inc. raised its stake in Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares in the last quarter. GYL Financial Synergies LLC raised its stake in shares of Airbnb by 5.0% during the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares in the last quarter. HB Wealth Management LLC raised its stake in shares of Airbnb by 1.6% during the second quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after acquiring an additional 76 shares in the last quarter. Optas LLC raised its stake in shares of Airbnb by 4.5% during the second quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after acquiring an additional 78 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its stake in shares of Airbnb by 1.1% during the second quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after acquiring an additional 79 shares in the last quarter. 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.