Insider Selling: Airbnb (NASDAQ:ABNB) CEO Sells $35,136,936.12 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 265,746 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the completion of the transaction, the chief executive officer owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• 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

Shares of ABNB stock opened at $133.31 on Monday. The company has a 50 day moving average price of $133.93 and a 200-day moving average price of $130.27. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The firm has a market capitalization of $80.35 billion, a PE ratio of 32.84, a P/E/G 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 (NASDAQ:ABNB) last announced its quarterly 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 return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. As a group, equities research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
• Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
• Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
• Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
• Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
• Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. Transamerica Financial Advisors LLC lifted its holdings in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. ORG Partners LLC lifted its holdings in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Entrust Financial LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd purchased a new position in Airbnb during the third quarter valued at approximately $25,000. Finally, Aventura Private Wealth LLC purchased a new position in Airbnb during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on ABNB. Morgan Stanley lowered shares of Airbnb from an “underweight” rating to an “underweight” rating in a research note on Monday, May 4th. Scotiabank began coverage on shares of Airbnb in a report on Monday, May 4th. They issued an “outperform” rating on the stock. Susquehanna raised their price objective on shares of Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a report on Friday, May 8th. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday, May 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Airbnb presently has a consensus rating of “Moderate Buy” and an average target price of $157.67.

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.