Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 38,461 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59. Following the sale, the chief executive officer now directly owns 12,460,447 shares of the company’s stock, valued at $1,659,606,935.93. This represents a 0.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $135.82, for a total value of $5,223,773.02.
• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $133.58, for a total value of $5,137,620.38.
• On Monday, December 9th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89.
• On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62.

Airbnb Price Performance

Airbnb stock traded up $0.74 during midday trading on Thursday, hitting $133.24. 3,892,308 shares of the company’s stock were exchanged, compared to its average volume of 3,886,856. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The stock has a 50-day moving average price of $134.10 and a two-hundred day moving average price of $131.55. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $84.47 billion, a P/E ratio of 46.75, a PEG ratio of 1.81 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last posted 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). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. On average, equities research analysts forecast that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its stake in Airbnb by 13.2% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,197 shares of the company’s stock worth $788,000 after purchasing an additional 608 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Airbnb by 11.1% during the second quarter. Thrivent Financial for Lutherans now owns 19,729 shares of the company’s stock worth $2,992,000 after purchasing an additional 1,969 shares during the last quarter. Frank Rimerman Advisors LLC lifted its stake in Airbnb by 696.0% during the second quarter. Frank Rimerman Advisors LLC now owns 1,982 shares of the company’s stock worth $301,000 after purchasing an additional 1,733 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in Airbnb by 90.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,643 shares of the company’s stock worth $229,000 after purchasing an additional 780 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Airbnb by 81.7% during the second quarter. Public Sector Pension Investment Board now owns 16,919 shares of the company’s stock worth $2,565,000 after purchasing an additional 7,609 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent research reports. Wedbush raised their target price on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Robert W. Baird raised their target price on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Susquehanna raised their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a report on Monday, November 11th. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Finally, Truist Financial dropped their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Six investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $139.63.

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.