Brian Chesky Sells 30,743 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) CEO Brian Chesky sold 30,743 shares of Airbnb stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $138.40, for a total value of $4,254,831.20. Following the completion of the transaction, the chief executive officer directly owned 10,701,685 shares of the company’s stock, valued at approximately $1,481,113,204. This trade represents a 0.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Tuesday, June 9th, Brian Chesky sold 4,195 shares of Airbnb stock. The stock was sold at an average price of $135.71, for a total value of $569,303.45.
  • On Monday, June 8th, Brian Chesky sold 37,704 shares of Airbnb stock. The shares were sold at an average price of $135.34, for a total value of $5,102,859.36.
  • On Friday, June 5th, Brian Chesky sold 16,515 shares of Airbnb stock. The stock was sold at an average price of $135.17, for a total value of $2,232,332.55.
  • On Thursday, June 4th, Brian Chesky sold 64,333 shares of Airbnb stock. The stock was 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 stock was 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 stock was 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 stock was 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.

Airbnb Price Performance

ABNB stock opened at $142.41 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The company’s 50-day moving average is $136.14 and its 200-day moving average is $132.03. The stock has a market capitalization of $85.83 billion, a PE ratio of 35.08, a price-to-earnings-growth ratio of 1.51 and a beta of 1.16. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. Equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Sumitomo Life Insurance Co. raised its holdings in shares of Airbnb by 15.0% in the third quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after purchasing an additional 8,636 shares during the last quarter. Merit Financial Group LLC boosted its holdings in Airbnb by 72.1% during the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after purchasing an additional 13,818 shares during the last quarter. ARK Investment Management LLC boosted its holdings in Airbnb by 30.7% during the third quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after purchasing an additional 243,299 shares during the last quarter. Victory Capital Management Inc. grew its position in Airbnb by 14.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock worth $185,730,000 after purchasing an additional 195,055 shares in the last quarter. Finally, North Dakota State Investment Board bought a new stake in Airbnb in the 4th quarter worth about $2,785,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of research reports. Benchmark upped their target price on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Wells Fargo & Company boosted their price target on shares of Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a report on Monday, May 4th. Jefferies Financial Group set a $160.00 price objective on shares of Airbnb in a research note on Friday, June 5th. Finally, HC Wainwright upgraded shares of Airbnb to a “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 given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $157.96.

Get Our Latest Stock Analysis on ABNB

Airbnb Company Profile

(Get Free Report)

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.

See Also

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.