Airbnb (NASDAQ:ABNB) CEO Sells $4,254,831.20 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 30,743 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $138.40, for a total value of $4,254,831.20. Following the completion of the transaction, the chief executive officer directly owned 10,701,685 shares in the company, valued at $1,481,113,204. This trade represents a 0.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, June 9th, Brian Chesky sold 4,195 shares of Airbnb stock. The stock was sold at an average price of $135.71, for a total value of $569,303.45.
• On Monday, June 8th, Brian Chesky sold 37,704 shares of Airbnb stock. The shares were sold at an average price of $135.34, for a total transaction of $5,102,859.36.
• 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 Thursday, June 4th, Brian Chesky sold 64,333 shares of Airbnb stock. The stock was sold at an average price of $136.14, for a total transaction of $8,758,294.62.
• On Tuesday, June 2nd, Brian Chesky sold 62,764 shares of Airbnb stock. The shares were 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 shares were 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 shares were 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 shares were 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 value of $35,136,936.12.

Airbnb Stock Performance

ABNB opened at $142.41 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $136.36 and its two-hundred day moving average is $132.10. The company has a market capitalization of $85.83 billion, a P/E ratio of 35.08, a PEG ratio of 1.53 and a beta of 1.16. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25.

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

Wall Street Analyst Weigh In

ABNB has been the subject of several research reports. Wells Fargo & Company upped their price target on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Scotiabank assumed coverage on shares of Airbnb in a research note on Monday, May 4th. They issued an “outperform” rating for the company. Jefferies Financial Group set a $160.00 target price on Airbnb in a report on Friday, June 5th. Truist Financial lifted their price target on Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a report on Friday, June 12th. Finally, CICC Research started coverage on Airbnb in a research report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and a consensus price target of $157.96.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC boosted its holdings in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. ORG Partners LLC increased its holdings in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of Airbnb during the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb in the 3rd quarter valued at approximately $25,000. Finally, Aventura Private Wealth LLC acquired a new stake in Airbnb in the 4th quarter worth approximately $29,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

About Airbnb

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.