Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 76,923 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The sale 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, October 14th, Brian Chesky sold 38,460 shares of Airbnb stock. The shares were sold at an average price of $133.97, for a total value of $5,152,486.20.
• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $127.32, for a total transaction of $9,793,836.36.
• On Tuesday, September 17th, Brian Chesky sold 230,769 shares of Airbnb stock. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00.

Airbnb Trading Down 1.0 %

Shares of ABNB stock opened at $138.28 on Thursday. The business has a 50-day moving average price of $133.86 and a two-hundred day moving average price of $135.47. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. 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 firm has a market cap of $87.67 billion, a P/E ratio of 48.52, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its earnings results 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). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the previous year, the firm earned $2.39 EPS. Equities analysts anticipate that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and set a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. Jefferies Financial Group increased their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Bank of America reissued a “hold” rating and issued a $142.00 price target (up previously from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Finally, The Goldman Sachs Group cut their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $138.97.

Hedge Funds Weigh In On Airbnb

A number of large investors have recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the third quarter valued at about $25,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. New Millennium Group LLC bought a new position in Airbnb during the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. purchased a new position in Airbnb in the 2nd quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in Airbnb in the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

About Airbnb

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.