Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky Sells 38,461 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $126.60, for a total value of $4,869,162.60. Following the transaction, the chief executive officer now directly owns 11,770,144 shares in the company, valued at $1,490,100,230.40. This trade represents a 0.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, February 18th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $160.32, for a total value of $18,498,523.20.
• On Friday, February 14th, Brian Chesky sold 230,772 shares of Airbnb stock. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52.
• On Wednesday, February 12th, Brian Chesky sold 190,301 shares of Airbnb stock. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51.
• On Monday, February 3rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $129.87, for a total value of $4,994,930.07.
• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59.
• On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $135.82, for a total value of $5,223,773.02.
• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38.

Airbnb Price Performance

Shares of ABNB stock opened at $126.00 on Thursday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market cap of $79.45 billion, a P/E ratio of 30.51, a P/E/G ratio of 3.52 and a beta of 1.10. The business has a fifty day simple moving average of $135.83 and a 200 day simple moving average of $133.14.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several large investors have recently bought and sold shares of ABNB. OneDigital Investment Advisors LLC raised its position in Airbnb by 6.8% in the third quarter. OneDigital Investment Advisors LLC now owns 2,223 shares of the company’s stock valued at $282,000 after purchasing an additional 142 shares during the last quarter. Quest Partners LLC raised its position in Airbnb by 3,643.9% in the third quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock valued at $271,000 after purchasing an additional 2,077 shares during the last quarter. MKA Charitable Fund raised its position in Airbnb by 17.2% in the third quarter. MKA Charitable Fund now owns 2,015,865 shares of the company’s stock valued at $255,632,000 after purchasing an additional 296,153 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its position in Airbnb by 9.4% in the third quarter. Fifth Third Wealth Advisors LLC now owns 4,013 shares of the company’s stock valued at $509,000 after purchasing an additional 345 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in Airbnb in the third quarter valued at about $4,587,000. 80.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ABNB has been the topic of a number of recent analyst reports. Canaccord Genuity Group boosted their target price on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a report on Friday, February 14th. DA Davidson boosted their target price on Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Truist Financial decreased their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $148.15.

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.