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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total value of $5,122,620.59. Following the completion of the sale, the chief executive officer now directly owns 12,460,447 shares in the company, valued at approximately $1,659,606,935.93. This represents a 0.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 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

ABNB stock opened at $133.24 on Friday. The company’s 50-day moving average price is $134.08 and its two-hundred day moving average price is $131.56. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The firm has a market cap of $84.47 billion, a P/E ratio of 46.75, a P/E/G ratio of 1.81 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the business earned $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. TD Cowen upped their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Barclays upped their price objective on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Evercore ISI raised their target price on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Finally, Benchmark reiterated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research note on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $139.63.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Airbnb by 13.2% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,197 shares of the company’s stock valued at $788,000 after purchasing an additional 608 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Airbnb by 11.1% in the 2nd quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock valued at $2,992,000 after purchasing an additional 1,969 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in Airbnb by 696.0% in the second quarter. Frank Rimerman Advisors LLC now owns 1,982 shares of the company’s stock valued at $301,000 after buying an additional 1,733 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Airbnb by 90.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock worth $229,000 after buying an additional 780 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of Airbnb by 81.7% during the second quarter. Public Sector Pension Investment Board now owns 16,919 shares of the company’s stock worth $2,565,000 after buying an additional 7,609 shares during the last quarter. 80.76% of the stock is currently 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.