Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky Sells 115,385 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 115,385 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $160.32, for a total transaction of $18,498,523.20. Following the transaction, the chief executive officer now directly owns 11,885,528 shares in the company, valued at approximately $1,905,487,848.96. The trade was a 0.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Friday, February 14th, Brian Chesky sold 230,772 shares of Airbnb stock. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52.
• On Wednesday, February 12th, Brian Chesky sold 190,301 shares of Airbnb stock. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51.
• On Monday, February 3rd, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07.
• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was 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 shares were sold at an average price of $135.82, for a total value of $5,223,773.02.
• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was 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 shares were 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.

Airbnb Price Performance

Airbnb stock opened at $155.31 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The firm has a market cap of $98.46 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. The company’s 50 day moving average is $135.15 and its two-hundred day moving average is $130.82.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, research analysts expect that Airbnb, Inc. will post 4.29 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ABNB shares. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a research note on Friday, February 14th. JPMorgan Chase & Co. increased their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday. Wells Fargo & Company cut their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $147.00.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently made changes to their positions in ABNB. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in Airbnb during the 4th quarter worth 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 in the last quarter. Berbice Capital Management LLC purchased a new stake in shares of Airbnb in the 4th quarter valued at approximately $26,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at $28,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.