Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $10,764,604.62 in Stock

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Monday, October 14th, Brian Chesky sold 38,460 shares of Airbnb stock. The stock was sold at an average price of $133.97, for a total value of $5,152,486.20.
  • On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The shares were sold at an average price of $127.32, for a total transaction of $9,793,836.36.
  • On Tuesday, September 17th, Brian Chesky sold 230,769 shares of Airbnb stock. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00.

Airbnb Trading Down 1.0 %

Shares of NASDAQ:ABNB traded down $1.39 on Wednesday, hitting $138.28. 2,655,890 shares of the company’s stock were exchanged, compared to its average volume of 5,991,421. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The business’s 50 day simple moving average is $133.55 and its two-hundred day simple moving average is $135.45. The stock has a market capitalization of $87.67 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15. 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 (NASDAQ:ABNB – Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the company posted $2.39 earnings per share. Analysts anticipate that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Truist Financial lowered their target price on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. UBS Group increased their price objective on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Mizuho reduced their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Finally, The Goldman Sachs Group decreased their price objective on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $138.97.

Read Our Latest Research Report on Airbnb

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the third quarter valued at approximately $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the second quarter worth about $28,000. Cultivar Capital Inc. purchased a new position in Airbnb during the second quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in Airbnb in the 3rd quarter valued at $30,000. Institutional investors own 80.76% of the company’s stock.

About Airbnb

(Get Free Report)

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.

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