Brian Chesky Sells 8,770 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 8,770 shares of Airbnb stock in a transaction on Friday, December 12th. The shares were sold at an average price of $130.17, for a total value of $1,141,590.90. Following the completion of the transaction, the chief executive officer owned 97,084 shares in the company, valued at $12,637,424.28. The trade was a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 15th, Brian Chesky sold 51,230 shares of Airbnb stock. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80.

Airbnb Trading Up 0.2%

Shares of Airbnb stock traded up $0.20 during trading hours on Tuesday, reaching $132.01. The stock had a trading volume of 4,390,542 shares, compared to its average volume of 5,150,190. The firm has a 50 day simple moving average of $122.22 and a two-hundred day simple moving average of $127.42. The firm has a market capitalization of $81.26 billion, a price-to-earnings ratio of 31.36, a P/E/G ratio of 2.26 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.13 EPS. Sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently added to or reduced their stakes in ABNB. Harris Associates L P increased its stake in Airbnb by 86.0% during the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after buying an additional 4,598,125 shares during the period. Independent Franchise Partners LLP purchased a new position in Airbnb in the 3rd quarter valued at about $505,672,000. Norges Bank acquired a new stake in shares of Airbnb during the second quarter valued at about $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after acquiring an additional 2,724,682 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ABNB shares. Wells Fargo & Company boosted their price objective on shares of Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research note on Monday, December 1st. DA Davidson restated a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday, December 5th. Barclays upped their price target on shares of Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a research report on Friday, November 7th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $165.00 price target on shares of Airbnb in a report on Friday, November 7th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, Airbnb has an average rating of “Hold” and a consensus price target of $143.88.

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.