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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 115,385 shares of the business’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $151.95, for a total value of $17,532,750.75. Following the sale, the chief executive officer now owns 13,914,302 shares of the company’s stock, valued at approximately $2,114,278,188.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, June 24th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $148.68, for a total value of $17,155,441.80.
• On Monday, June 10th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $147.25, for a total value of $16,990,441.25.
• On Thursday, May 30th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $146.08, for a total value of $16,855,440.80.

Airbnb Price Performance

Shares of NASDAQ ABNB traded down $0.61 during mid-day trading on Wednesday, hitting $151.84. 3,213,488 shares of the stock traded hands, compared to its average volume of 4,368,576. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a twelve month low of $113.24 and a twelve month high of $170.10. The company has a market cap of $97.79 billion, a PE ratio of 20.45, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. The firm has a 50 day simple moving average of $149.23 and a two-hundred day simple moving average of $151.42.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. Airbnb’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.65 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new position in Airbnb during the 1st quarter worth $25,000. CVA Family Office LLC bought a new position in shares of Airbnb in the 4th quarter worth about $26,000. Trust Co. of Vermont bought a new position in shares of Airbnb in the 4th quarter worth about $27,000. Bfsg LLC bought a new position in shares of Airbnb in the 4th quarter worth about $27,000. Finally, Westend Capital Management LLC bought a new position in shares of Airbnb in the 1st quarter worth about $33,000. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on ABNB shares. B. Riley started coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price for the company. Tigress Financial boosted their target price on Airbnb from $185.00 to $195.00 and gave the company a “buy” rating in a research note on Friday, April 5th. TD Cowen reduced their price objective on Airbnb from $180.00 to $170.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. B. Riley Financial assumed coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective for the company. Finally, HSBC cut Airbnb from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $160.00 to $156.00 in a research report on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $152.44.

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.