Insider Selling: Airbnb (NASDAQ:ABNB) CEO Sells 51,230 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 51,230 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the transaction, the chief executive officer owned 45,854 shares in the company, valued at $6,014,210.64. This represents a 52.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 12th, Brian Chesky sold 8,770 shares of Airbnb stock. The stock was sold at an average price of $130.17, for a total transaction of $1,141,590.90.

Airbnb Stock Performance

Shares of ABNB stock traded up $0.20 during trading on Tuesday, hitting $132.01. 4,390,542 shares of the company were exchanged, compared to its average volume of 5,150,190. The business’s 50-day simple moving average is $122.22 and its 200 day simple moving average is $127.42. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. 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 (NASDAQ:ABNB) last released 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 company had revenue of $4.10 billion during 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 quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.13 EPS. On average, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Kentucky Trust Co bought a new stake in shares of Airbnb in the second quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Airbnb during the 3rd quarter valued at $25,000. Concord Wealth Partners bought a new stake in Airbnb in the 2nd quarter valued at $28,000. Finally, Sunbelt Securities Inc. grew its position in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on ABNB shares. Wedbush reissued a “neutral” rating and set a $130.00 price objective on shares of Airbnb in a research report on Friday, November 7th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Wells Fargo & Company lifted their price target on Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a report on Monday, December 1st. Barclays increased their price objective on Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. Finally, BNP Paribas Exane assumed coverage on shares of Airbnb in a research note on Monday, November 24th. They issued a “neutral” rating for the company. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price 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.