Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 38,461 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,461 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $129.87, for a total value of $4,994,930.07. Following the completion of the sale, the chief executive officer now owns 12,421,986 shares of the company’s stock, valued at $1,613,243,321.82. This trade represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were 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 transaction 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 transaction 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 transaction 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 Trading Up 2.3 %

ABNB stock opened at $132.57 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $84.05 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 1.72 and a beta of 1.12. The company’s 50-day simple moving average is $133.00 and its 200 day simple moving average is $130.28. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company earned $2.39 EPS. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently made changes to their positions in the stock. Edgewood Management LLC increased its holdings in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares during the period. Geode Capital Management LLC lifted its stake in shares of Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after acquiring an additional 146,761 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Airbnb by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,790,644 shares of the company’s stock worth $366,719,000 after buying an additional 84,348 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Airbnb by 3.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,360,004 shares of the company’s stock worth $299,272,000 after purchasing an additional 80,610 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ABNB shares. DA Davidson upped their price objective on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Bank of America lifted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Jefferies Financial Group boosted their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Tuesday, October 22nd. Finally, Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus target price of $139.63.

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.