Insider Selling: Airbnb (NASDAQ:ABNB) CEO Sells $6,719,326.80 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 51,230 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the transaction, the chief executive officer owned 45,854 shares in the company, valued at $6,014,210.64. This trade represents a 52.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, December 12th, Brian Chesky sold 8,770 shares of Airbnb stock. The shares were sold at an average price of $130.17, for a total transaction of $1,141,590.90.

Airbnb Trading Up 0.2%

Shares of ABNB stock opened at $133.99 on Friday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market cap of $82.48 billion, a P/E ratio of 31.83, a P/E/G ratio of 2.35 and a beta of 1.11. The company has a 50 day simple moving average of $123.02 and a two-hundred day simple moving average of $127.54.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share 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 analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the business earned $2.13 EPS. The company’s revenue was up 9.9% compared to the same quarter last year. As a group, equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Institutional Investors Weigh In On Airbnb

Large investors have recently made changes to their positions in the company. AIA Group Ltd lifted its position in shares of Airbnb by 173.7% in the third quarter. AIA Group Ltd now owns 37,500 shares of the company’s stock worth $4,553,000 after buying an additional 23,800 shares in the last quarter. Keel Point LLC increased its stake in Airbnb by 6.3% in the 3rd quarter. Keel Point LLC now owns 1,904 shares of the company’s stock worth $231,000 after acquiring an additional 112 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Airbnb in the 3rd quarter worth approximately $182,000. Allworth Financial LP raised its holdings in shares of Airbnb by 57.1% during the 3rd quarter. Allworth Financial LP now owns 5,856 shares of the company’s stock worth $711,000 after acquiring an additional 2,129 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in shares of Airbnb by 21.5% during the 3rd quarter. IFP Advisors Inc now owns 2,914 shares of the company’s stock valued at $354,000 after acquiring an additional 516 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BNP Paribas Exane began coverage on Airbnb in a report on Monday, November 24th. They set a “neutral” rating for the company. Jefferies Financial Group lifted their price objective on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, December 5th. UBS Group increased their target price on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. Finally, BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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.