Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 4,195 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 4,195 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $135.71, for a total transaction of $569,303.45. Following the transaction, the chief executive officer owned 10,732,428 shares of the company’s stock, valued at approximately $1,456,497,803.88. This trade represents a 0.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 8th, Brian Chesky sold 37,704 shares of Airbnb stock. The stock was sold at an average price of $135.34, for a total transaction of $5,102,859.36.
• On Friday, June 5th, Brian Chesky sold 16,515 shares of Airbnb stock. The shares were sold at an average price of $135.17, for a total transaction of $2,232,332.55.
• On Thursday, June 4th, Brian Chesky sold 64,333 shares of Airbnb stock. The shares were sold at an average price of $136.14, for a total transaction of $8,758,294.62.
• On Tuesday, June 2nd, Brian Chesky sold 62,764 shares of Airbnb stock. The shares were sold at an average price of $134.00, for a total transaction of $8,410,376.00.
• 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 Friday, May 29th, Brian Chesky sold 103,937 shares of Airbnb stock. The shares were sold at an average price of $134.39, for a total transaction of $13,968,093.43.
• 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.

Airbnb Stock Performance

Shares of ABNB stock traded down $2.22 during trading hours on Wednesday, hitting $129.13. The company’s stock had a trading volume of 3,585,344 shares, compared to its average volume of 4,208,456. The company has a 50 day moving average of $134.55 and a 200 day moving average of $131.00. The stock has a market cap of $77.83 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The company has a current ratio of 1.44, a quick 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 released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion during 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 firm’s revenue was up 17.9% on a year-over-year basis. During the same period last year, the company earned $0.24 earnings per share. On average, sell-side analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. CICC Research initiated coverage on shares of Airbnb in a report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price objective on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $170.00 price target on shares of Airbnb in a report on Friday, May 8th. HC Wainwright raised shares of Airbnb to a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Finally, Raymond James Financial raised shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and a consensus price target of $157.76.

Hedge Funds Weigh In On Airbnb

A number of large investors have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd acquired a new position in Airbnb during the third quarter worth $25,000. ORG Partners LLC raised its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares during the period. Transamerica Financial Advisors LLC raised its position in Airbnb by 143.6% during the fourth 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 period. Entrust Financial LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $27,000. Finally, Meeder Asset Management Inc. raised its position in shares of Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

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.