Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $5,137,620.38 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the transaction, the chief executive officer now directly owns 12,537,369 shares in the company, valued at $1,674,741,751.02. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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.
• On Monday, October 14th, Brian Chesky sold 38,460 shares of Airbnb stock. The stock was sold at an average price of $133.97, for a total value of $5,152,486.20.
• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $127.32, for a total value of $9,793,836.36.

Airbnb Stock Down 1.4 %

Shares of NASDAQ ABNB opened at $133.38 on Friday. The firm has a fifty day simple moving average of $135.66 and a two-hundred day simple moving average of $133.81. The firm has a market capitalization of $84.56 billion, a PE ratio of 46.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the business earned $2.39 earnings per share. Equities analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Northwest Investment Counselors LLC bought a new stake in Airbnb during the third quarter worth about $25,000. Hollencrest Capital Management boosted its position 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 in the last quarter. Ashton Thomas Securities LLC bought a new position in Airbnb during the 3rd quarter valued at approximately $30,000. Quarry LP purchased a new position in Airbnb during the third quarter valued at $55,000. Finally, Meeder Asset Management Inc. boosted its holdings in Airbnb by 73.6% in the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after acquiring an additional 159 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James started coverage on shares of Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Benchmark reiterated a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. Wells Fargo & Company increased their target price on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Mizuho lowered their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Finally, Barclays increased their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $139.48.

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.