Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $4,994,930.07 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the sale, the chief executive officer now directly owns 12,421,986 shares in the company, valued at approximately $1,613,243,321.82. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $5,122,620.59.
• On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were 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.
• On Monday, December 9th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $137.49, for a total value of $5,288,002.89.
• On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62.

Airbnb Trading Up 1.8 %

Shares of ABNB opened at $134.98 on Friday. The company has a market capitalization of $85.57 billion, a PE ratio of 47.36, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock has a fifty day moving average of $132.98 and a two-hundred day moving average of $130.17.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the firm earned $2.39 EPS. As a group, analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Susquehanna boosted their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Bank of America increased their price objective on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Barclays lifted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Evercore ISI increased their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. Finally, JPMorgan Chase & Co. boosted their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $139.63.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at $25,000. Golden State Wealth Management LLC purchased a new stake in Airbnb during the fourth quarter valued at about $25,000. Hollencrest Capital Management raised its holdings in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter worth $26,000. Finally, Ashton Thomas Securities LLC acquired a new position in shares of Airbnb during the third quarter worth about $30,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.