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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $126.60, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $160.32, for a total transaction 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 shares were 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 transaction 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 transaction of $5,137,620.38.

Airbnb Trading Up 1.2 %

Shares of Airbnb stock traded up $1.44 during trading hours on Wednesday, reaching $126.00. The stock had a trading volume of 4,351,425 shares, compared to its average volume of 4,402,218. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market capitalization of $79.45 billion, a price-to-earnings ratio of 30.51, a P/E/G ratio of 3.52 and a beta of 1.10. The firm has a 50 day simple moving average of $135.93 and a two-hundred day simple moving average of $133.20.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Airbnb by 82.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,493 shares of the company’s stock worth $6,898,000 after purchasing an additional 23,723 shares in the last quarter. NorthCrest Asset Manangement LLC acquired a new position in Airbnb in the 4th quarter worth $304,000. Siemens Fonds Invest GmbH lifted its holdings in Airbnb by 133.1% in the 4th quarter. Siemens Fonds Invest GmbH now owns 54,362 shares of the company’s stock worth $6,630,000 after buying an additional 31,037 shares in the last quarter. Park Square Financial Group LLC purchased a new position in Airbnb in the 4th quarter valued at about $26,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Airbnb during the fourth quarter valued at about $44,397,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the subject of several analyst reports. Bank of America increased their price target on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Barclays boosted their price target on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. Finally, Morgan Stanley lifted their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Five equities 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 given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $148.15.

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.