Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $27,692,280.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. The transaction 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, July 22nd, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $149.11, for a total transaction of $17,205,057.35.
• On Monday, July 8th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $151.95, for a total transaction of $17,532,750.75.
• On Monday, June 24th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $148.68, for a total transaction of $17,155,441.80.

Airbnb Stock Up 1.9 %

Shares of NASDAQ ABNB opened at $131.18 on Friday. The company has a market cap of $84.49 billion, a price-to-earnings ratio of 17.56, a PEG ratio of 1.54 and a beta of 1.16. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a 50-day moving average price of $125.60 and a two-hundred day moving average price of $144.73.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. Airbnb’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, analysts forecast that Airbnb, Inc. will post 4.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ABNB. Barclays reduced their price objective on Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Robert W. Baird reduced their price target on Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Morgan Stanley increased their price objective on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Jefferies Financial Group reduced their target price on shares of Airbnb from $125.00 to $120.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Finally, Wedbush lowered their price target on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $134.17.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of Airbnb by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 694,090 shares of the company’s stock valued at $94,497,000 after buying an additional 48,348 shares during the period. Avantax Advisory Services Inc. increased its position in Airbnb by 40.3% in the 4th quarter. Avantax Advisory Services Inc. now owns 3,684 shares of the company’s stock valued at $502,000 after acquiring an additional 1,059 shares during the period. Quadrant Capital Group LLC raised its stake in shares of Airbnb by 45.0% during the fourth quarter. Quadrant Capital Group LLC now owns 912 shares of the company’s stock valued at $124,000 after acquiring an additional 283 shares during the last quarter. ING Groep NV lifted its holdings in shares of Airbnb by 241.8% during the fourth quarter. ING Groep NV now owns 9,563 shares of the company’s stock worth $1,302,000 after purchasing an additional 6,765 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Airbnb by 103.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 78,413 shares of the company’s stock worth $10,675,000 after purchasing an additional 39,924 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

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.