Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 103,937 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 103,937 shares of the stock in a transaction on Friday, May 29th. The shares were sold at an average price of $134.39, for a total transaction of $13,968,093.43. Following the transaction, the chief executive officer directly owned 11,102,452 shares in the company, valued at approximately $1,492,058,524.28. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, June 1st, Brian Chesky sold 15,226 shares of Airbnb stock. The shares were sold at an average price of $136.62, for a total transaction of $2,080,176.12.
• On Monday, June 1st, Brian Chesky sold 184,513 shares of Airbnb stock. The shares were sold at an average price of $135.80, for a total transaction of $25,056,865.40.
• On Friday, May 29th, Brian Chesky sold 4,774 shares of Airbnb stock. The shares were sold at an average price of $135.16, for a total transaction of $645,253.84.
• On Thursday, May 28th, Brian Chesky sold 265,746 shares of Airbnb stock. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12.
• On Wednesday, May 27th, Brian Chesky sold 20,000 shares of Airbnb stock. The shares were 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 shares were sold at an average price of $133.15, for a total transaction of $30,564,582.50.

Airbnb Price Performance

ABNB traded down $3.61 during midday trading on Tuesday, hitting $134.26. 4,353,089 shares of the company traded hands, compared to its average volume of 4,008,196. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $80.92 billion, a price-to-earnings ratio of 33.61, a PEG ratio of 1.43 and a beta of 1.20. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The business has a 50 day simple moving average of $134.07 and a two-hundred day simple moving average of $130.37.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (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 analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.24 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently bought and sold shares of the company. Commerzbank Aktiengesellschaft FI lifted its holdings in Airbnb by 1.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after purchasing an additional 76 shares during the last quarter. Patton Fund Management Inc. lifted its holdings in Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after purchasing an additional 77 shares during the last quarter. BOKF NA lifted its holdings in Airbnb by 11.0% in the 4th quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after purchasing an additional 78 shares during the last quarter. Yoder Wealth Management Inc. lifted its holdings in Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after purchasing an additional 84 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after buying an additional 86 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent analyst reports. Argus raised shares of Airbnb to a “strong-buy” rating in a report on Tuesday, February 17th. Truist Financial raised shares of Airbnb from a “sell” rating to a “hold” rating and raised their price target for the stock from $107.00 to $129.00 in a research note on Thursday, March 26th. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research note on Monday, May 4th. Rodman & Renshaw started coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Finally, TD Cowen raised their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.