Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $4,994,930.07 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $129.87, for a total value of $4,994,930.07. Following the completion of the transaction, the chief executive officer now owns 12,421,986 shares in the company, valued at approximately $1,613,243,321.82. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were 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 stock was sold at an average price of $135.82, for a total transaction 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 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 value of $10,764,604.62.

Airbnb Price Performance

NASDAQ ABNB opened at $134.98 on Friday. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50-day moving average price is $132.98 and its two-hundred day moving average price is $130.17. The company has a market cap of $85.57 billion, a PE ratio of 47.36, a PEG ratio of 1.72 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the previous year, the company earned $2.39 earnings per share. On average, analysts predict that Airbnb, Inc. will post 3.98 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ABNB. CAP Partners LLC grew its holdings in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after buying an additional 77 shares during the last quarter. Lindbrook Capital LLC grew its stake in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares during the period. Manchester Capital Management LLC raised its holdings in shares of Airbnb by 18.2% in the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted its position in shares of Airbnb by 2.5% during the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after buying an additional 84 shares during the period. Finally, Koshinski Asset Management Inc. increased its position in shares of Airbnb by 3.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ABNB. Truist Financial reduced their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Wells Fargo & Company dropped their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Finally, DA Davidson increased their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a report on Monday, November 18th. Six equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $139.63.

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.