Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 37,704 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 37,704 shares of the business’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $135.34, for a total value of $5,102,859.36. Following the completion of the transaction, the chief executive officer directly owned 10,736,623 shares of the company’s stock, valued at approximately $1,453,094,556.82. This trade represents a 0.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, June 9th, Brian Chesky sold 4,195 shares of Airbnb stock. The shares were sold at an average price of $135.71, for a total value of $569,303.45.
• 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 value of $8,758,294.62.
• On Tuesday, June 2nd, Brian Chesky sold 62,764 shares of Airbnb stock. The stock was sold at an average price of $134.00, for a total value 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 Down 1.7%

Shares of NASDAQ ABNB opened at $129.10 on Thursday. The company’s 50-day simple moving average is $134.67 and its 200-day simple moving average is $131.12. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. The firm has a market cap of $77.81 billion, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 1.41 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 (NASDAQ:ABNB) last announced 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 for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.24 EPS. Airbnb’s revenue was up 17.9% compared to the same quarter last year. Equities analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of research analyst reports. Needham & Company LLC initiated coverage on Airbnb in a report on Monday, May 4th. They set a “buy” rating for the company. Barclays increased their target price on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Morgan Stanley cut Airbnb from an “underweight” rating to an “underweight” rating in a report on Monday, May 4th. Finally, Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.76.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd purchased a new position in Airbnb in the third quarter worth approximately $25,000. ORG Partners LLC grew its position in Airbnb by 97.0% in 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 grew its position in Airbnb by 143.6% in 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 purchased a new position in Airbnb in the fourth quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. grew its position in Airbnb by 96.3% in the first 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 period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.