Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 115,385 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $160.32, for a total transaction of $18,498,523.20. Following the completion of the sale, the chief executive officer now owns 11,885,528 shares in the company, valued at $1,905,487,848.96. This represents a 0.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Friday, February 14th, Brian Chesky sold 230,772 shares of Airbnb stock. The shares were 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 shares were 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 transaction 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 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 shares were 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 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 %

Shares of ABNB stock traded down $2.67 on Thursday, hitting $155.31. 5,097,997 shares of the company’s stock traded hands, compared to its average volume of 5,117,667. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $98.46 billion, a price-to-earnings ratio of 37.61, a P/E/G ratio of 3.89 and a beta of 1.12. The company’s fifty day simple moving average is $134.80 and its 200 day simple moving average is $130.65. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

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

Analyst Ratings Changes

Several brokerages have issued reports on ABNB. UBS Group boosted their price objective on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Citigroup raised their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $147.00.

Institutional Trading of Airbnb

A number of hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new position in Airbnb during the 4th quarter valued at about $25,000. Northwest Investment Counselors LLC bought a new stake in Airbnb during the 3rd quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the 4th quarter worth approximately $26,000. Hollencrest Capital Management grew its stake in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Finally, Orion Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at approximately $28,000. 80.76% of the stock is 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.