Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 30,743 Shares

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CEO Brian Chesky sold 30,743 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $138.40, for a total value of $4,254,831.20. Following the completion of the sale, the chief executive officer owned 10,701,685 shares in the company, valued at $1,481,113,204. This represents a 0.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Tuesday, June 9th, Brian Chesky sold 4,195 shares of Airbnb stock. The shares were sold at an average price of $135.71, for a total value of $569,303.45.
  • On Monday, June 8th, Brian Chesky sold 37,704 shares of Airbnb stock. The shares were sold at an average price of $135.34, for a total value of $5,102,859.36.
  • On Friday, June 5th, Brian Chesky sold 16,515 shares of Airbnb stock. The shares were sold at an average price of $135.17, for a total value of $2,232,332.55.
  • On Thursday, June 4th, Brian Chesky sold 64,333 shares of Airbnb stock. The shares were sold at an average price of $136.14, for a total value of $8,758,294.62.
  • On Tuesday, June 2nd, Brian Chesky sold 62,764 shares of Airbnb stock. The shares were sold at an average price of $134.00, for a total value of $8,410,376.00.
  • On Monday, June 1st, Brian Chesky sold 15,226 shares of Airbnb stock. The shares were sold at an average price of $136.62, for a total value of $2,080,176.12.
  • On Monday, June 1st, Brian Chesky sold 184,513 shares of Airbnb stock. The shares were sold at an average price of $135.80, for a total value of $25,056,865.40.
  • On Friday, May 29th, Brian Chesky sold 4,774 shares of Airbnb stock. The shares were sold at an average price of $135.16, for a total value of $645,253.84.
  • On Friday, May 29th, Brian Chesky sold 103,937 shares of Airbnb stock. The shares were sold at an average price of $134.39, for a total value of $13,968,093.43.
  • 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.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $140.54 on Thursday. The firm has a market cap of $84.70 billion, a P/E ratio of 34.62, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25. The business’s 50 day moving average is $135.79 and its 200-day moving average is $131.85.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. Equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a research note on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $173.00 target price on shares of Airbnb in a research note on Thursday, May 21st. Mizuho increased their target price on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Citizens Jmp increased their target price on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Finally, Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.96.

View Our Latest Analysis on Airbnb

Institutional Investors Weigh In On Airbnb

A number of large investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI grew its position in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after buying an additional 76 shares in the last quarter. Patton Fund Management Inc. grew its position in Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after buying an additional 77 shares in the last quarter. BOKF NA grew its position in Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after buying an additional 78 shares in the last quarter. Yoder Wealth Management Inc. grew its position in Airbnb by 0.3% during the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after buying an additional 84 shares in the last quarter. Finally, Private Advisor Group LLC grew its position in Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after buying an additional 86 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

More Airbnb News

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Airbnb Company Profile

(Get Free Report)

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.

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