Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky Sells 230,769 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 230,769 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the sale, the chief executive officer now directly owns 13,315,912 shares in the company, valued at $1,597,909,440. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 value 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.
• On Monday, June 24th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $148.68, for a total value of $17,155,441.80.

Airbnb Trading Up 5.2 %

ABNB stock opened at $128.75 on Friday. The firm’s fifty day simple moving average is $126.26 and its two-hundred day simple moving average is $145.03. The stock has a market capitalization of $82.92 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ABNB. Piper Sandler lowered their price target on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. TD Cowen dropped their target price on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft cut their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. Benchmark reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Monday, August 26th. Finally, Royal Bank of Canada cut their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $134.17.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new stake in shares of Airbnb during the first quarter valued at $25,000. Trust Co. of Vermont bought a new stake in Airbnb during the 4th quarter valued at about $27,000. New Millennium Group LLC bought a new stake in Airbnb during the 2nd quarter valued at about $28,000. Vima LLC purchased a new stake in Airbnb in the 4th quarter valued at about $29,000. Finally, Cultivar Capital Inc. bought a new position in Airbnb in the 2nd quarter worth about $30,000. Institutional investors own 80.76% of the company’s stock.

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.