Brian Chesky Sells 16,515 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 16,515 shares of the company’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of $135.17, for a total transaction of $2,232,332.55. Following the completion of the sale, the chief executive officer owned 10,774,327 shares in the company, valued at approximately $1,456,365,780.59. This trade represents a 0.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 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 Trading Down 2.3%

Shares of NASDAQ ABNB opened at $131.35 on Wednesday. The firm’s 50 day moving average price is $134.55 and its 200-day moving average price is $131.00. The company has a market cap of $79.17 billion, a PE ratio of 32.35, a P/E/G ratio of 1.44 and a beta of 1.16. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion during 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 company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.24 EPS. On average, equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ABNB. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a research note on Monday, May 4th. Scotiabank began coverage on shares of Airbnb in a research note on Monday, May 4th. They issued an “outperform” rating on the stock. UBS Group upped their target price on shares of Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Rodman & Renshaw began coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.76.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI lifted its position in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock valued at $727,000 after purchasing an additional 76 shares during the period. Patton Fund Management Inc. lifted its position in Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after purchasing an additional 77 shares during the period. BOKF NA lifted its position in Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after purchasing an additional 78 shares during the period. Yoder Wealth Management Inc. lifted its position in Airbnb by 0.3% during the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after purchasing an additional 84 shares during the period. Finally, Private Advisor Group LLC lifted its position in Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after purchasing an additional 86 shares during the period. Institutional investors own 80.76% of the company’s stock.

Key Headlines Impacting 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

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.