Airbnb (NASDAQ:ABNB) CEO Sells $5,102,859.36 in Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CEO Brian Chesky sold 37,704 shares of Airbnb stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $135.34, for a total transaction of $5,102,859.36. Following the transaction, the chief executive officer directly owned 10,736,623 shares in the company, valued at $1,453,094,556.82. This trade represents a 0.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 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 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $133.17, for a total transaction of $2,663,400.00.

Airbnb Price Performance

Shares of ABNB opened at $132.28 on Friday. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25. The stock has a market cap of $79.73 billion, a PE ratio of 32.58, a P/E/G ratio of 1.40 and a beta of 1.16. The firm has a 50-day simple moving average of $134.91 and a two-hundred day simple moving average of $131.25. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings results 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). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. Airbnb’s revenue was up 17.9% on a year-over-year basis. As a group, analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ABNB. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. Citizens Jmp lifted their price objective on shares of Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $173.00 target price on shares of Airbnb in a research note on Thursday, May 21st. Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Finally, Needham & Company LLC started coverage on shares of Airbnb in a research note on Monday, May 4th. They set a “buy” rating on the stock. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus target price of $157.76.

Read Our Latest Report on Airbnb

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

  • Positive Sentiment: Motley Fool articles argue Airbnb remains a top growth stock, citing its strong network effect, large base of hosts and travelers, and ongoing product innovation that could support long-term user engagement and revenue growth. Article Title
  • Positive Sentiment: Investor sentiment also looks supported by news that CEO Brian Chesky is launching a new AI venture focused on rethinking user interaction and design, which could signal fresh innovation around the Airbnb ecosystem. Article Title
  • Neutral Sentiment: Airbnb shareholders recently reaffirmed the board, auditor, and executive pay packages at the annual meeting, a routine governance update that does not appear to materially change the investment case. Article Title
  • Negative Sentiment: CEO Brian Chesky disclosed additional share sales, adding to recent insider selling and potentially raising concerns about management confidence or near-term valuation. Article Title
  • Negative Sentiment: Broader regulatory pressure on short-term rentals, such as new rules being discussed in Cape Town, could add to the long-term policy risk facing Airbnb’s business model. Article Title

Hedge Funds Weigh In On Airbnb

A number of large investors have recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd purchased a new position in Airbnb during the 3rd quarter worth $25,000. ORG Partners LLC raised its position in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC raised its position in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 112 shares during the last quarter. Entrust Financial LLC purchased a new position in Airbnb during the 4th quarter worth $27,000. Finally, Meeder Asset Management Inc. raised its position in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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