Airbnb (NASDAQ:ABNB) CEO Sells $35,136,936.12 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 265,746 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the sale, the chief executive officer owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• 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 Stock Down 0.9%

ABNB stock traded down $1.19 during mid-day trading on Friday, hitting $133.31. 4,206,181 shares of the company were exchanged, compared to its average volume of 3,924,244. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a market cap of $80.35 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.44 and a beta of 1.20. The firm’s 50 day simple moving average is $133.93 and its 200 day simple moving average is $130.20. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. On average, sell-side analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. lifted its position in shares of Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after buying an additional 8,636 shares during the last quarter. National Pension Service lifted its position in shares of Airbnb by 1.1% during the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company’s stock valued at $133,126,000 after buying an additional 12,453 shares during the last quarter. Syntax Research Inc. purchased a new position in shares of Airbnb during the 3rd quarter valued at $1,865,000. Merit Financial Group LLC lifted its position in shares of Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after buying an additional 13,818 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Airbnb by 74.9% during the 3rd quarter. Bessemer Group Inc. now owns 21,673 shares of the company’s stock valued at $2,631,000 after buying an additional 9,284 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Royal Bank Of Canada reiterated an “outperform” rating and set a $173.00 price objective on shares of Airbnb in a research note on Thursday, May 21st. Scotiabank assumed coverage on Airbnb in a research note on Monday, May 4th. They set an “outperform” rating on the stock. Susquehanna upped their price objective on Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Finally, Morgan Stanley cut Airbnb from an “underweight” rating to an “underweight” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $157.67.

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.