Brian Chesky Sells 38,461 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $133.19, for a total value of $5,122,620.59. Following the transaction, the chief executive officer now owns 12,460,447 shares in the company, valued at $1,659,606,935.93. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $139.94, for a total value of $10,764,604.62.

Airbnb Price Performance

Shares of ABNB stock traded up $0.74 on Thursday, hitting $133.24. 3,892,308 shares of the company’s stock were exchanged, compared to its average volume of 3,886,856. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market cap of $84.47 billion, a P/E ratio of 46.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company has a 50 day moving average of $134.10 and a 200 day moving average of $131.55.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the business posted $2.39 earnings per share. On average, equities research analysts predict that Airbnb, Inc. will post 3.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on ABNB shares. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Citigroup upped their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Truist Financial dropped their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Finally, Benchmark reiterated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $139.63.

Hedge Funds Weigh In On Airbnb

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in Airbnb in the third quarter valued at about $34,982,000. Tri Ri Asset Management Corp acquired a new stake in shares of Airbnb in the third quarter valued at about $6,352,000. J.W. Cole Advisors Inc. increased its stake in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares during the period. Assenagon Asset Management S.A. increased its stake in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock valued at $90,123,000 after buying an additional 197,558 shares during the period. Finally, Shellback Capital LP acquired a new stake in shares of Airbnb in the second quarter valued at about $22,744,000. 80.76% of the stock is currently owned by institutional investors.

About Airbnb

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.