Brian Chesky Sells 8,770 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 8,770 shares of Airbnb stock in a transaction on Friday, December 12th. The stock was sold at an average price of $130.17, for a total value of $1,141,590.90. Following the sale, the chief executive officer directly owned 97,084 shares of the company’s stock, valued at $12,637,424.28. This represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Monday, December 15th, Brian Chesky sold 51,230 shares of Airbnb stock. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80.

Airbnb Stock Up 1.3%

Shares of Airbnb stock opened at $133.78 on Thursday. The stock has a market capitalization of $82.35 billion, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.11. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a 50-day simple moving average of $122.74 and a two-hundred day simple moving average of $127.49.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same period in the prior year, the business posted $2.13 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. DDD Partners LLC boosted its position in shares of Airbnb by 3.9% in the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after purchasing an additional 76 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in Airbnb by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after buying an additional 78 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Airbnb by 70.9% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Airbnb by 0.8% in the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after acquiring an additional 85 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after acquiring an additional 86 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on ABNB. Mizuho set a $156.00 price objective on Airbnb in a report on Friday, November 7th. UBS Group boosted their price target on Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Jefferies Financial Group raised their target price on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Finally, BNP Paribas Exane started coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $144.28.

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.