Brian Chesky Sells 76,923 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $127.32, for a total value of $9,793,836.36. Following the sale, the chief executive officer now owns 13,238,989 shares of the company’s stock, valued at approximately $1,685,588,079.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• 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 transaction of $27,692,280.00.
• On Monday, July 22nd, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $149.11, for a total value of $17,205,057.35.
• On Monday, July 8th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $151.95, for a total value of $17,532,750.75.

Airbnb Stock Down 0.7 %

Shares of NASDAQ ABNB opened at $125.29 on Friday. The company’s 50 day moving average price is $122.16 and its 200-day moving average price is $142.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. 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 $80.69 billion, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the firm earned $0.98 EPS. Airbnb’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. Focus Financial Network Inc. ADV acquired a new position in Airbnb in the fourth quarter valued at approximately $218,000. Campbell & CO Investment Adviser LLC increased its stake in shares of Airbnb by 72.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,044 shares of the company’s stock valued at $551,000 after acquiring an additional 1,695 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Airbnb by 204.0% during the 4th quarter. Jones Financial Companies Lllp now owns 526 shares of the company’s stock valued at $72,000 after acquiring an additional 353 shares during the period. CIBC Asset Management Inc boosted its stake in Airbnb by 1.9% during the fourth quarter. CIBC Asset Management Inc now owns 119,926 shares of the company’s stock worth $16,327,000 after acquiring an additional 2,188 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. acquired a new stake in Airbnb in the fourth quarter worth $468,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of recent analyst reports. Royal Bank of Canada decreased their price target on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. UBS Group decreased their target price on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. TD Cowen reduced their price target on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company lowered their price objective on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th. Finally, JPMorgan Chase & Co. reduced their target price on Airbnb from $145.00 to $121.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Airbnb has an average rating of “Hold” and a consensus target price of $134.16.

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.