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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 265,746 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12. Following the sale, the chief executive officer directly owned 11,206,389 shares in the company, valued at $1,481,708,753.58. This trade represents a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 value 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 value of $30,564,582.50.

Airbnb Price Performance

ABNB traded down $1.19 during trading on Friday, reaching $133.31. 4,206,181 shares of the company were exchanged, compared to its average volume of 3,924,244. The company’s 50-day moving average is $133.93 and its two-hundred day moving average is $130.20. The company has a market cap of $80.35 billion, a price-to-earnings ratio of 32.84, a P/E/G ratio of 1.44 and a beta of 1.20. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 31.24% and a net margin of 19.90%.The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Research analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently bought and sold shares of ABNB. Aster Capital Management DIFC Ltd bought a new position in Airbnb during the 3rd quarter worth approximately $25,000. ORG Partners LLC grew its position in Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC grew its position in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC bought a new position in Airbnb during the 4th quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. grew its position in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of recent analyst reports. Truist Financial upgraded shares of Airbnb from a “sell” rating to a “hold” rating and boosted their price target for the company from $107.00 to $129.00 in a research report on Thursday, March 26th. Citizens Jmp raised their price target on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. Robert W. Baird set a $150.00 price objective on Airbnb in a research report on Friday, May 8th. Wedbush upgraded Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $170.00 price objective on shares of Airbnb in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.