Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $18,498,523.20 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 115,385 shares of the firm’s stock in a transaction 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 transaction 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 shares were 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 shares were sold at an average price of $135.82, for a total transaction 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 shares were 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 transaction of $10,764,604.62.

Airbnb Stock Down 1.7 %

ABNB stock traded down $2.67 during midday trading on Thursday, reaching $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 market cap 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 has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The firm’s fifty day moving average price is $134.80 and its 200-day moving average price is $130.65.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, sell-side analysts forecast that Airbnb, Inc. will post 4.29 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research analyst reports. Wells Fargo & Company cut their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Hsbc Global Res upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective for the company in a report on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Phillip Securities restated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $147.00.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently modified their holdings of the company. Northwest Investment Counselors LLC bought a new position in Airbnb in the third quarter worth approximately $25,000. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after purchasing an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $26,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at approximately $28,000. 80.76% of the stock is currently 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.