Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 38,459 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,459 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $120.44, for a total transaction of $4,632,001.96. Following the sale, the chief executive officer now directly owns 11,731,685 shares of the company’s stock, valued at $1,412,964,141.40. This represents a 0.33 % decrease in their ownership of the stock. The sale 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, March 17th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $126.60, for a total value of $4,869,162.60.
• On Tuesday, February 18th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $160.32, for a total value of $18,498,523.20.
• On Friday, February 14th, Brian Chesky sold 230,772 shares of Airbnb stock. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52.
• On Wednesday, February 12th, Brian Chesky sold 190,301 shares of Airbnb stock. The shares were sold at an average price of $140.51, for a total transaction of $26,739,193.51.
• On Monday, February 3rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $129.87, for a total transaction of $4,994,930.07.
• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $133.19, for a total transaction of $5,122,620.59.
• On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $135.82, for a total transaction of $5,223,773.02.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $113.97 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $71.86 billion, a PE ratio of 27.60, a P/E/G ratio of 3.52 and a beta of 1.15. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $166.74. The business’s fifty day moving average price is $134.16 and its two-hundred day moving average price is $133.65.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have commented on ABNB shares. Canaccord Genuity Group boosted their price objective on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a report on Friday, February 14th. Argus upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Jefferies Financial Group upgraded shares of Airbnb from a “hold” rating to a “buy” rating and upped their target price for the company from $165.00 to $185.00 in a research note on Monday, March 10th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $147.28.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc grew its holdings in Airbnb by 397.9% in the 1st quarter. Versant Capital Management Inc now owns 3,739 shares of the company’s stock worth $447,000 after buying an additional 2,988 shares in the last quarter. First Hawaiian Bank grew its stake in shares of Airbnb by 10.5% in the first quarter. First Hawaiian Bank now owns 7,330 shares of the company’s stock worth $876,000 after purchasing an additional 699 shares in the last quarter. Norman Fields Gottscho Capital Management LLC increased its holdings in shares of Airbnb by 10.2% during the first quarter. Norman Fields Gottscho Capital Management LLC now owns 2,870 shares of the company’s stock valued at $343,000 after purchasing an additional 265 shares during the period. Kera Capital Partners Inc. raised its stake in shares of Airbnb by 4.4% during the first quarter. Kera Capital Partners Inc. now owns 2,400 shares of the company’s stock valued at $287,000 after purchasing an additional 101 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in Airbnb by 35.4% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,200 shares of the company’s stock worth $143,000 after purchasing an additional 314 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.