Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $5,223,773.02 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02. Following the completion of the transaction, the chief executive officer now directly owns 12,498,908 shares in the company, valued at approximately $1,697,601,684.56. This trade represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38.
• On Monday, December 9th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $137.49, for a total transaction of $5,288,002.89.
• On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62.
• On Monday, October 14th, Brian Chesky sold 38,460 shares of Airbnb stock. The stock was sold at an average price of $133.97, for a total transaction of $5,152,486.20.

Airbnb Price Performance

NASDAQ:ABNB opened at $129.63 on Friday. The stock has a market cap of $82.18 billion, a P/E ratio of 45.48, a PEG ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a fifty day moving average price of $134.98 and a 200 day moving average price of $132.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the company earned $2.39 earnings per share. Analysts anticipate that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Truist Financial dropped their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research report on Wednesday, December 4th. UBS Group boosted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Raymond James began coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective on the stock. Susquehanna boosted their price objective on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company boosted their price objective on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average price target of $139.48.

Hedge Funds Weigh In On Airbnb

Several large investors have recently bought and sold shares of the stock. Edgewood Management LLC raised its stake in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC increased its holdings in Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares during the period. Pacer Advisors Inc. increased its holdings in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares during the period. Legal & General Group Plc increased its holdings in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after buying an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Airbnb by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after buying an additional 52,358 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

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.