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 stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38. Following the sale, the chief executive officer now owns 12,537,369 shares in the company, valued at approximately $1,674,741,751.02. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 value 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.
• 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 value 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 value of $9,793,836.36.

Airbnb Price Performance

ABNB stock opened at $133.38 on Friday. The stock has a 50-day moving average price of $135.66 and a two-hundred day moving average price of $133.91. The stock has a market cap of $84.56 billion, a PE ratio of 46.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. 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, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last released 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). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the company posted $2.39 EPS. Equities analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Susquehanna upped their price objective on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a report on Monday, November 11th. DA Davidson increased their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Wedbush increased their price target on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, UBS Group increased their price target on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $139.48.

Hedge Funds Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC bought a new position in Airbnb during the 3rd quarter worth about $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter valued at about $30,000. Quarry LP bought a new position in shares of Airbnb in the 3rd quarter valued at about $55,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Airbnb by 73.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after acquiring an additional 159 shares in the last quarter. 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.