Brian Chesky Sells 190,301 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 190,301 shares of the company’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the sale, the chief executive officer now directly owns 12,231,685 shares of the company’s stock, valued at $1,718,674,059.35. The trade was a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• 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 value 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 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 value of $5,137,620.38.
• 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 value 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 value of $10,764,604.62.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $161.42 on Friday. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The firm has a market cap of $102.34 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 1.88 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. The business has a fifty day moving average of $133.49 and a 200-day moving average of $130.11.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, equities research analysts predict that Airbnb, Inc. will post 3.97 EPS for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently added to or reduced their stakes in ABNB. CX Institutional boosted its holdings in Airbnb by 17.1% in the third quarter. CX Institutional now owns 1,679 shares of the company’s stock valued at $213,000 after acquiring an additional 245 shares during the last quarter. Creative Planning boosted its holdings in Airbnb by 44.0% in the third quarter. Creative Planning now owns 70,442 shares of the company’s stock valued at $8,808,000 after acquiring an additional 21,518 shares during the last quarter. Aaron Wealth Advisors LLC boosted its holdings in Airbnb by 40.2% in the third quarter. Aaron Wealth Advisors LLC now owns 2,932 shares of the company’s stock valued at $372,000 after acquiring an additional 840 shares during the last quarter. Stratos Wealth Advisors LLC boosted its holdings in Airbnb by 277.7% in the third quarter. Stratos Wealth Advisors LLC now owns 18,194 shares of the company’s stock valued at $2,307,000 after acquiring an additional 13,377 shares during the last quarter. Finally, TriaGen Wealth Management LLC boosted its holdings in Airbnb by 17.5% in the third quarter. TriaGen Wealth Management LLC now owns 16,712 shares of the company’s stock valued at $2,119,000 after acquiring an additional 2,492 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ABNB shares. JPMorgan Chase & Co. increased their price objective on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group increased their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday. B. Riley increased their price objective on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday. Gordon Haskett raised Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a research report on Friday. Finally, Canaccord Genuity Group increased their price objective on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday. Five research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $145.79.

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.