Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky Sells 38,460 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,460 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $133.97, for a total transaction of $5,152,486.20. Following the sale, the chief executive officer now directly owns 13,200,529 shares in the company, valued at $1,768,474,870.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The shares were sold at an average price of $127.32, for a total value of $9,793,836.36.
• On Tuesday, September 17th, Brian Chesky sold 230,769 shares of Airbnb stock. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00.
• 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.

Airbnb Trading Up 1.4 %

ABNB traded up $1.88 during midday trading on Wednesday, reaching $135.15. 3,688,833 shares of the company’s stock traded hands, compared to its average volume of 4,463,354. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a fifty day moving average of $121.87 and a two-hundred day moving average of $140.34. The stock has a market capitalization of $87.04 billion, a price-to-earnings ratio of 17.84, a P/E/G ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. Airbnb’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.98 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 4.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ABNB shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Wedbush lowered their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 7th. Robert W. Baird reduced their target price on Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Raymond James assumed coverage on Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Finally, Wells Fargo & Company boosted their price objective on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $134.55.

Institutional Investors Weigh In On Airbnb

Large investors have recently modified their holdings of the stock. Chicago Partners Investment Group LLC raised its stake in Airbnb by 30.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 2,380 shares of the company’s stock worth $336,000 after buying an additional 557 shares in the last quarter. EP Wealth Advisors LLC boosted its position in shares of Airbnb by 8.7% during the fourth quarter. EP Wealth Advisors LLC now owns 2,000 shares of the company’s stock valued at $272,000 after purchasing an additional 160 shares in the last quarter. SageView Advisory Group LLC purchased a new stake in Airbnb in the fourth quarter worth $421,000. Trust Co. of Vermont bought a new position in Airbnb in the fourth quarter worth $27,000. Finally, HighPoint Advisor Group LLC bought a new position in Airbnb in the fourth quarter worth $1,112,000. Institutional investors own 80.76% of the company’s stock.

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.