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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $126.60, for a total value of $4,869,162.60. Following the completion of the transaction, the chief executive officer now directly owns 11,770,144 shares in the company, valued at approximately $1,490,100,230.40. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Tuesday, February 18th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $160.32, for a total value of $18,498,523.20.
• On Friday, February 14th, Brian Chesky sold 230,772 shares of Airbnb stock. The shares were sold at an average price of $161.16, for a total transaction of $37,191,215.52.
• On Wednesday, February 12th, Brian Chesky sold 190,301 shares of Airbnb stock. The shares were 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 value 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 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 shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38.

Airbnb Stock Performance

NASDAQ ABNB traded up $1.44 during mid-day trading on Wednesday, reaching $126.00. 4,351,425 shares of the stock were exchanged, compared to its average volume of 4,402,218. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The business’s 50 day moving average is $135.93 and its 200-day moving average is $133.20. The company has a market capitalization of $79.45 billion, a P/E ratio of 30.51, a P/E/G ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly 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 net margin of 23.85% and a return on equity of 32.29%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Trading of Airbnb

Several large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC purchased a new position in Airbnb in the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at approximately $28,000. Finally, Graney & King LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $32,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. UBS Group raised their target price on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Baird R W upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $165.00 to $185.00 in a research note on Monday, March 10th. Five investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $148.15.

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.