Airbnb (NASDAQ:ABNB) CEO Sells $2,232,332.55 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 16,515 shares of the stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $135.17, for a total transaction of $2,232,332.55. Following the completion of the sale, the chief executive officer owned 10,774,327 shares of the company’s stock, valued at approximately $1,456,365,780.59. The trade was a 0.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Tuesday, June 9th, Brian Chesky sold 4,195 shares of Airbnb stock. The stock was sold at an average price of $135.71, for a total transaction of $569,303.45.
• On Monday, June 8th, Brian Chesky sold 37,704 shares of Airbnb stock. The stock was sold at an average price of $135.34, for a total transaction of $5,102,859.36.
• On Thursday, June 4th, Brian Chesky sold 64,333 shares of Airbnb stock. The stock was sold at an average price of $136.14, for a total transaction of $8,758,294.62.
• 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.

Airbnb Stock Performance

Shares of ABNB opened at $129.10 on Thursday. The company’s fifty day moving average is $134.67 and its 200-day moving average is $131.12. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The firm has a market cap of $77.81 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter last year, the company earned $0.24 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Trading of Airbnb

A number of hedge funds have recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd bought a new stake in Airbnb in the 3rd quarter valued at $25,000. ORG Partners LLC boosted its holdings in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares during the period. Transamerica Financial Advisors LLC boosted its holdings in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares during the period. Entrust Financial LLC bought a new stake in Airbnb in the 4th quarter valued at $27,000. Finally, Meeder Asset Management Inc. boosted its holdings in Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ABNB has been the topic of a number of research analyst reports. Susquehanna raised their target price on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Benchmark raised their target price on shares of Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Robert W. Baird set a $150.00 target price on shares of Airbnb in a research note on Friday, May 8th. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a research note on Monday, May 4th. Finally, Argus upgraded shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.76.

Airbnb Company Profile

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.