Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 8,770 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 8,770 shares of Airbnb stock in a transaction on Friday, December 12th. The stock was sold at an average price of $130.17, for a total value of $1,141,590.90. Following the transaction, the chief executive officer directly owned 97,084 shares of the company’s stock, valued at $12,637,424.28. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 15th, Brian Chesky sold 51,230 shares of Airbnb stock. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80.

Airbnb Stock Performance

NASDAQ:ABNB traded up $0.20 during mid-day trading on Tuesday, hitting $132.01. 4,390,542 shares of the company’s stock traded hands, compared to its average volume of 5,150,190. The company has a market cap of $81.26 billion, a PE ratio of 31.36, a price-to-earnings-growth ratio of 2.26 and a beta of 1.11. The firm’s 50 day simple moving average is $122.22 and its 200 day simple moving average is $127.42. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company earned $2.13 EPS. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently added to or reduced their stakes in the business. Corient IA LLC purchased a new stake in Airbnb in the 1st quarter valued at about $299,000. Algert Global LLC acquired a new stake in shares of Airbnb in the first quarter worth approximately $2,976,000. Brooklyn Investment Group boosted its position in shares of Airbnb by 65.1% in the first quarter. Brooklyn Investment Group now owns 2,170 shares of the company’s stock worth $259,000 after acquiring an additional 856 shares during the last quarter. Northern Trust Corp grew its holdings in Airbnb by 2.5% in the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock valued at $525,979,000 after purchasing an additional 106,135 shares during the period. Finally, Aptus Capital Advisors LLC increased its position in Airbnb by 25.3% during the first quarter. Aptus Capital Advisors LLC now owns 5,433 shares of the company’s stock worth $649,000 after purchasing an additional 1,097 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on ABNB shares. Mizuho set a $156.00 target price on Airbnb in a report on Friday, November 7th. BNP Paribas Exane assumed coverage on Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. BNP Paribas began coverage on Airbnb in a research report on Monday, November 24th. They set a “hold” rating for the company. Finally, Wedbush restated a “neutral” rating and issued a $130.00 target price on shares of Airbnb in a report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus 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.