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

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

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

• 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 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 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.

Airbnb Stock Performance

NASDAQ ABNB opened at $129.10 on Thursday. The firm has a market cap of $77.81 billion, a price-to-earnings ratio of 31.80, a PEG ratio of 1.41 and a beta of 1.16. The company has a 50 day moving average of $134.67 and a 200-day moving average of $131.12. 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 1-year low of $110.81 and a 1-year high of $147.25.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion for 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 quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.24 EPS. On average, equities analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Sumitomo Life Insurance Co. grew its stake in Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after buying an additional 8,636 shares during the last quarter. Merit Financial Group LLC grew its stake in Airbnb by 72.1% in the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after buying an additional 13,818 shares during the last quarter. Madison Asset Management LLC grew its stake in Airbnb by 55.0% in the 3rd quarter. Madison Asset Management LLC now owns 401,679 shares of the company’s stock valued at $48,772,000 after buying an additional 142,583 shares during the last quarter. ARK Investment Management LLC grew its stake in Airbnb by 30.7% in the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock valued at $125,770,000 after buying an additional 243,299 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Airbnb by 14.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock valued at $185,730,000 after buying an additional 195,055 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

ABNB has been the subject of a number of research reports. UBS Group raised their price target on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. Tigress Financial cut their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Evercore reaffirmed an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Finally, Weiss Ratings upgraded shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Airbnb has an average rating of “Moderate Buy” and an average price target of $157.76.

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.