Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky Sells 38,461 Shares

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

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 shares were 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 shares were 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 value of $5,152,486.20.

Airbnb Price Performance

Shares of Airbnb stock traded down $0.49 on Wednesday, hitting $130.80. The company’s stock had a trading volume of 3,204,148 shares, compared to its average volume of 3,576,467. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $82.92 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The firm has a fifty day moving average price of $135.31 and a 200-day moving average price of $132.96. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $2.39 earnings per share. On average, equities research analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. UBS Group raised their target price on shares of Airbnb from $134.00 to $144.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Wells Fargo & Company upped their price target 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. Citigroup raised their price objective on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $139.48.

Institutional Trading of Airbnb

Large investors have recently made changes to their positions in the stock. Edgewood Management LLC boosted its stake in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC boosted its position in Airbnb by 1.6% during the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after acquiring an additional 146,761 shares during the last quarter. Pacer Advisors Inc. raised 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 acquiring an additional 4,172,985 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after purchasing an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after purchasing an additional 52,358 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.