Brian Chesky Sells 230,772 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 230,772 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $161.16, for a total transaction of $37,191,215.52. Following the sale, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This trade represents a 1.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, February 18th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $160.32, for a total transaction of $18,498,523.20.
• 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 shares were 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 shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38.
• On Monday, December 9th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $137.49, for a total transaction of $5,288,002.89.
• On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62.

Airbnb Trading Down 1.7 %

NASDAQ:ABNB opened at $155.31 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The business has a fifty day moving average price of $135.15 and a 200-day moving average price of $130.82. The firm has a market capitalization of $98.46 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 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%. Sell-side analysts forecast that Airbnb, Inc. will post 4.29 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the company. Edgewood Management LLC lifted its stake in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after acquiring an additional 72,991 shares during the period. Clearbridge Investments LLC grew its position in shares of Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after purchasing an additional 2,590,475 shares in the last quarter. Northern Trust Corp raised its stake in Airbnb by 8.4% during the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock valued at $564,647,000 after purchasing an additional 331,607 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research note on Friday, February 14th. TD Cowen upped their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Wells Fargo & Company cut their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research note on Thursday, January 16th. Finally, DA Davidson lifted their price target on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $147.00.

Airbnb Company Profile

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.