Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 229,550 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 229,550 shares of the business’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $133.15, for a total value of $30,564,582.50. Following the completion of the transaction, the chief executive officer owned 11,472,135 shares in the company, valued at $1,527,514,775.25. The trade was a 1.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, May 28th, Brian Chesky sold 265,746 shares of Airbnb stock. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12.
• On Wednesday, May 27th, Brian Chesky sold 20,000 shares of Airbnb stock. The shares were sold at an average price of $133.17, for a total value of $2,663,400.00.

Airbnb Price Performance

Shares of Airbnb stock traded down $1.19 during trading hours on Friday, hitting $133.31. The company’s stock had a trading volume of 4,206,181 shares, compared to its average volume of 3,924,244. The business has a 50 day moving average price of $133.93 and a two-hundred day moving average price of $130.20. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The company has a market cap of $80.35 billion, a PE ratio of 32.84, a PEG ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm earned $0.24 earnings per share. Airbnb’s revenue was up 17.9% on a year-over-year basis. Analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb in the third quarter worth about $25,000. ORG Partners LLC lifted its position in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 112 shares in the last quarter. Entrust Financial LLC purchased a new stake in shares of Airbnb in the fourth quarter worth about $27,000. Finally, Meeder Asset Management Inc. raised its position in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $173.00 price objective on shares of Airbnb in a research report on Thursday, May 21st. Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. HC Wainwright upgraded Airbnb to a “buy” rating in a research report on Monday, May 4th. Barclays boosted their target price on Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Finally, Citizens Jmp boosted their target price on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.67.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.