Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 37,704 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 37,704 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $135.34, for a total value of $5,102,859.36. Following the completion of the sale, the chief executive officer owned 10,736,623 shares of the company’s stock, valued at approximately $1,453,094,556.82. This represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, June 9th, Brian Chesky sold 4,195 shares of Airbnb stock. The stock was sold at an average price of $135.71, for a total value of $569,303.45.
• On Friday, June 5th, Brian Chesky sold 16,515 shares of Airbnb stock. The stock was 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 stock was 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 stock was 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 stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12.
• On Wednesday, May 27th, Brian Chesky sold 20,000 shares of Airbnb stock. The stock was sold at an average price of $133.17, for a total transaction of $2,663,400.00.

Airbnb Stock Down 1.7%

Shares of ABNB stock traded down $2.22 during trading hours on Wednesday, reaching $129.13. 3,585,344 shares of the company’s stock were exchanged, compared to its average volume of 4,208,456. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The stock has a market cap of $77.83 billion, a PE ratio of 31.81, a PEG ratio of 1.44 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. The stock’s fifty day moving average price is $134.55 and its two-hundred day moving average price is $131.00.

Airbnb (NASDAQ:ABNB) last issued its quarterly 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 business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.24 EPS. Research analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the subject of several research analyst reports. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. Mizuho upped 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. Benchmark upped their target price on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $173.00 target price on shares of Airbnb in a research note on Thursday, May 21st. Finally, HC Wainwright raised Airbnb to a “buy” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $157.76.

Institutional Trading of Airbnb

Large investors have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC grew its holdings in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares in the last quarter. ORG Partners LLC grew its holdings in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares in the last quarter. Entrust Financial LLC purchased a new stake in Airbnb in the 4th quarter valued at $27,000. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb in the 3rd quarter valued at $25,000. Finally, Aventura Private Wealth LLC purchased a new stake in Airbnb in the 4th quarter valued at $29,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

About Airbnb

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.