Brian Chesky Sells 64,333 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 64,333 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $136.14, for a total transaction of $8,758,294.62. Following the sale, the chief executive officer owned 10,790,842 shares in the company, valued at $1,469,065,229.88. This trade represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Friday, June 5th, Brian Chesky sold 16,515 shares of Airbnb stock. The stock was sold at an average price of $135.17, for a total transaction of $2,232,332.55.
• On Tuesday, June 2nd, Brian Chesky sold 62,764 shares of Airbnb stock. The stock was sold at an average price of $134.00, for a total transaction of $8,410,376.00.
• On Monday, June 1st, Brian Chesky sold 15,226 shares of Airbnb stock. The stock was sold at an average price of $136.62, for a total transaction of $2,080,176.12.
• On Monday, June 1st, Brian Chesky sold 184,513 shares of Airbnb stock. The stock was sold at an average price of $135.80, for a total transaction of $25,056,865.40.
• On Friday, May 29th, Brian Chesky sold 4,774 shares of Airbnb stock. The stock was sold at an average price of $135.16, for a total transaction of $645,253.84.
• On Friday, May 29th, Brian Chesky sold 103,937 shares of Airbnb stock. The stock was sold at an average price of $134.39, for a total transaction of $13,968,093.43.
• On Thursday, May 28th, Brian Chesky sold 265,746 shares of Airbnb stock. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12.
• On Wednesday, May 27th, Brian Chesky sold 20,000 shares of Airbnb stock. The stock was sold at an average price of $133.17, for a total transaction of $2,663,400.00.
• On Wednesday, May 27th, Brian Chesky sold 229,550 shares of Airbnb stock. The stock was sold at an average price of $133.15, for a total transaction of $30,564,582.50.

Airbnb Stock Down 2.3%

ABNB stock opened at $131.35 on Wednesday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The company has a market capitalization of $79.17 billion, a price-to-earnings ratio of 32.35, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The firm’s 50-day moving average is $134.55 and its two-hundred day moving average is $131.00. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 earnings per share. On average, analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ABNB shares. Scotiabank started coverage on shares of Airbnb in a research note on Monday, May 4th. They issued an “outperform” rating on the stock. Robert W. Baird set a $150.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Jefferies Financial Group set a $160.00 price objective on shares of Airbnb in a research note on Friday. Citigroup reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Airbnb in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and a consensus price target of $157.76.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky disclosed multiple stock sales over the past several sessions, including a recent sale of 16,515 shares and a larger sale of 64,333 shares, which can weigh on sentiment even though he still owns a very large stake. Article Title
• Negative Sentiment: A separate report highlighted a sharp increase in short interest activity in Airbnb, reinforcing the idea that some traders are positioning for more downside or caution in the near term.
• Neutral Sentiment: Airbnb remains supported by longer-term analyst optimism, with a consensus “Moderate Buy” rating and an average price target above current trading levels, but that has not been enough to offset the recent insider-sale headlines.
• Neutral Sentiment: The company’s fundamentals remain solid overall, with revenue growth in the latest quarter and continued profitability, but the most recent earnings report also showed an EPS miss, which may limit enthusiasm. Article Title

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Airbnb by 1.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after acquiring an additional 76 shares in the last quarter. Patton Fund Management Inc. increased its position in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after acquiring an additional 77 shares in the last quarter. BOKF NA increased its position in shares of Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after acquiring an additional 78 shares in the last quarter. Yoder Wealth Management Inc. increased its position in shares of Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after acquiring an additional 84 shares in the last quarter. Finally, Private Advisor Group LLC increased its position in shares of Airbnb by 1.0% in 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 in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.