Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 115,385 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 115,385 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $160.32, for a total value of $18,498,523.20. Following the completion of the sale, the chief executive officer now owns 11,885,528 shares in the company, valued at $1,905,487,848.96. This represents a 0.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 14th, Brian Chesky sold 230,772 shares of Airbnb stock. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52.
• On Wednesday, February 12th, Brian Chesky sold 190,301 shares of Airbnb stock. The shares were sold at an average price of $140.51, for a total value of $26,739,193.51.
• On Monday, February 3rd, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07.
• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.19, for a total value of $5,122,620.59.
• On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $135.82, for a total value of $5,223,773.02.
• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38.
• On Monday, December 9th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $137.49, for a total value of $5,288,002.89.
• On Monday, November 25th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62.

Airbnb Stock Down 5.9 %

Shares of NASDAQ:ABNB opened at $146.07 on Friday. The firm has a market cap of $92.10 billion, a P/E ratio of 35.37, a P/E/G ratio of 3.74 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The business has a fifty day simple moving average of $135.45 and a 200 day simple moving average of $130.97.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Verde Capital Management raised its position in Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb in the 3rd quarter worth about $34,982,000. Tri Ri Asset Management Corp bought a new position in shares of Airbnb in the 3rd quarter worth about $6,352,000. J.W. Cole Advisors Inc. raised its position in shares of Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after acquiring an additional 2,132 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. raised its position in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after acquiring an additional 6,357 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ABNB. Morgan Stanley increased their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research report on Monday, January 13th. Susquehanna increased their price target on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Benchmark increased their price target on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $146.48.

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.