Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $9,793,836.36 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 76,923 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $127.32, for a total value of $9,793,836.36. Following the transaction, the chief executive officer now owns 13,238,989 shares in the company, valued at approximately $1,685,588,079.48. The transaction 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, 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 transaction of $27,692,280.00.
• On Monday, July 22nd, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $149.11, for a total transaction of $17,205,057.35.
• On Monday, July 8th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $151.95, for a total value of $17,532,750.75.

Airbnb Trading Up 0.6 %

NASDAQ ABNB traded up $0.71 during mid-day trading on Wednesday, reaching $126.18. 2,707,203 shares of the stock were exchanged, compared to its average volume of 4,538,135. 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 stock has a market cap of $81.27 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.72 and a beta of 1.17. The stock has a 50 day simple moving average of $122.82 and a 200-day simple moving average of $142.74. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same period in the prior year, the firm earned $0.98 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on ABNB shares. BMO Capital Markets reduced their target price on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Barclays decreased their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th. Truist Financial cut their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. The Goldman Sachs Group decreased their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Finally, Wells Fargo & Company cut their target price on Airbnb from $129.00 to $100.00 and set an “underweight” rating for the company in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $134.16.

Institutional Trading of Airbnb

Large investors have recently modified their holdings of the stock. Cascade Investment Advisors Inc. acquired a new stake in Airbnb in the third quarter worth $1,230,000. Ables Iannone Moore & Associates Inc. grew its stake in shares of Airbnb by 11.4% in the 3rd quarter. Ables Iannone Moore & Associates Inc. now owns 10,324 shares of the company’s stock valued at $1,309,000 after buying an additional 1,054 shares during the period. Norman Fields Gottscho Capital Management LLC bought a new stake in Airbnb in the 3rd quarter valued at about $252,000. Centaurus Financial Inc. boosted its holdings in Airbnb by 111.4% in the second quarter. Centaurus Financial Inc. now owns 6,948 shares of the company’s stock worth $1,054,000 after acquiring an additional 3,661 shares in the last quarter. Finally, Lazari Capital Management Inc. grew its stake in Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after acquiring an additional 88 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.