Insider Selling: Airbnb (NASDAQ:ABNB) CEO Sells $8,410,376.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 62,764 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $134.00, for a total transaction of $8,410,376.00. Following the completion of the transaction, the chief executive officer owned 10,855,175 shares of the company’s stock, valued at approximately $1,454,593,450. This trade represents a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $133.15, for a total transaction of $30,564,582.50.

Airbnb Stock Performance

NASDAQ:ABNB opened at $133.54 on Friday. The company has a fifty day simple moving average of $134.32 and a two-hundred day simple moving average of $130.65. The company has a market cap of $80.49 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. 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 52 week low of $110.81 and a 52 week high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results 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 analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several large investors have recently bought and sold shares of the stock. Sumitomo Life Insurance Co. boosted its stake in shares of Airbnb by 15.0% during the third quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after buying an additional 8,636 shares during the period. Merit Financial Group LLC boosted its stake in shares of 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 buying an additional 13,818 shares during the period. Bessemer Group Inc. boosted its stake in shares of Airbnb by 74.9% during the third quarter. Bessemer Group Inc. now owns 21,673 shares of the company’s stock worth $2,631,000 after buying an additional 9,284 shares during the period. Madison Asset Management LLC boosted its stake in shares of Airbnb by 55.0% during the third quarter. Madison Asset Management LLC now owns 401,679 shares of the company’s stock worth $48,772,000 after buying an additional 142,583 shares during the period. Finally, ARK Investment Management LLC boosted its stake in shares of 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 buying an additional 243,299 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ABNB. Susquehanna increased their price objective on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a report on Friday, May 8th. Jefferies Financial Group set a $160.00 price objective on Airbnb in a report on Friday. Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. Mizuho increased their price target on shares of Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, BMO Capital Markets increased their price target on shares of Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Moderate Buy” and a consensus price target of $157.76.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

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.