Airbnb (NASDAQ:ABNB) CEO Sells $8,758,294.62 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 64,333 shares of the stock in a transaction on Thursday, June 4th. The stock was sold at an average price of $136.14, for a total transaction of $8,758,294.62. Following the sale, the chief executive officer directly owned 10,790,842 shares in the company, valued at $1,469,065,229.88. This trade represents a 0.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 transaction of $2,232,332.55.
• 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 transaction of $8,410,376.00.
• On Monday, June 1st, Brian Chesky sold 15,226 shares of Airbnb stock. The stock was sold at an average price of $136.62, for a total transaction of $2,080,176.12.
• On Monday, June 1st, Brian Chesky sold 184,513 shares of Airbnb stock. The stock was sold at an average price of $135.80, for a total transaction of $25,056,865.40.
• On Friday, May 29th, Brian Chesky sold 4,774 shares of Airbnb stock. The stock was sold at an average price of $135.16, for a total transaction of $645,253.84.
• On Friday, May 29th, Brian Chesky sold 103,937 shares of Airbnb stock. The stock was sold at an average price of $134.39, for a total transaction 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.
• On Wednesday, May 27th, Brian Chesky sold 229,550 shares of Airbnb stock. The stock was sold at an average price of $133.15, for a total transaction of $30,564,582.50.

Airbnb Stock Performance

NASDAQ ABNB traded up $0.89 during mid-day trading on Monday, reaching $134.43. 3,058,647 shares of the stock were exchanged, compared to its average volume of 4,218,832. The business’s 50 day moving average is $134.32 and its 200-day moving average is $130.75. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The company has a market capitalization of $81.02 billion, a P/E ratio of 33.11, a P/E/G ratio of 1.43 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data 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 company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, equities research analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb in the third quarter valued at about $25,000. ORG Partners LLC raised its position in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new stake in Airbnb during the fourth quarter worth about $27,000. Finally, Meeder Asset Management Inc. increased its position in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after purchasing an additional 105 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 analysts have weighed in on the stock. Morgan Stanley cut shares of Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. HC Wainwright upgraded shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Benchmark upped their price objective on shares of Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Robert W. Baird set a $150.00 price objective on shares of Airbnb in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $157.76.

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.