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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the completion of the sale, the chief executive officer now directly owns 12,498,908 shares in the company, valued at $1,697,601,684.56. This trade represents a 0.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 transaction 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 transaction of $5,288,002.89.
• On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was 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 transaction of $5,152,486.20.

Airbnb Price Performance

NASDAQ ABNB opened at $129.63 on Friday. The business has a 50 day simple moving average of $134.98 and a 200 day simple moving average of $132.80. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week 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. The stock has a market cap of $82.18 billion, a price-to-earnings ratio of 45.48, a PEG ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the company posted $2.39 earnings per share. Analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several analyst reports. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Wells Fargo & Company increased their price objective on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Sanford C. Bernstein decreased their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Finally, Susquehanna increased their price objective on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $139.48.

Institutional Trading of Airbnb

A number of large investors have recently bought and sold shares of the business. Edgewood Management LLC increased its stake in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Airbnb by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after acquiring an additional 146,761 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Airbnb by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after acquiring an additional 52,358 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

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.