Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 62,764 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 62,764 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $134.00, for a total value of $8,410,376.00. Following the sale, the chief executive officer owned 10,855,175 shares in the company, valued at approximately $1,454,593,450. This trade represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed 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 shares were sold at an average price of $136.62, for a total value 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 value 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 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 value 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 value of $2,663,400.00.
• On Wednesday, May 27th, Brian Chesky sold 229,550 shares of Airbnb stock. The shares were sold at an average price of $133.15, for a total value of $30,564,582.50.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $0.13 during mid-day trading on Thursday, hitting $133.72. The stock had a trading volume of 3,718,214 shares, compared to its average volume of 4,231,555. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50 day moving average of $134.21 and a two-hundred day moving average of $130.55. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The firm has a market cap of $80.59 billion, a PE ratio of 32.94, a PEG ratio of 1.44 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the company earned $0.24 earnings per share. Airbnb’s revenue was up 17.9% on a year-over-year basis. Research analysts predict that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Harris Associates L P increased its holdings in Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in Airbnb in the 3rd quarter valued at approximately $505,672,000. Norges Bank acquired a new stake in Airbnb in the 4th quarter valued at approximately $480,332,000. Jennison Associates LLC increased its holdings in Airbnb by 9,331.0% in the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock valued at $400,681,000 after purchasing an additional 3,139,315 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Brokerages continue to rate Airbnb at an average of “Moderate Buy,” signaling that analysts remain broadly constructive on the company’s outlook. Airbnb, Inc. (NASDAQ:ABNB) Given Average Rating of “Moderate Buy” by Brokerages
• Positive Sentiment: CEO Brian Chesky’s plans to start an AI venture could be seen as strategically important if Airbnb applies new AI tools to product design, personalization, or user experience. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Positive Sentiment: Institutional ownership remains high, suggesting continued support from large investors and reducing concerns about broad-based selling pressure.
• Neutral Sentiment: Airbnb’s latest quarter showed strong revenue growth but an EPS miss, making the stock reaction more dependent on whether investors focus on growth or profitability.
• Neutral Sentiment: Analysts’ consensus price target remains well above the current trading range, which leaves room for upside but does not guarantee near-term movement.
• Negative Sentiment: CEO Brian Chesky sold 62,764 shares, and Director Joseph Gebbia sold 265,000 shares, which can pressure sentiment because insider selling sometimes signals limited near-term upside. SEC filing for Joseph Gebbia sale SEC filing for Brian Chesky sales
• Negative Sentiment: Airbnb recently missed analyst EPS estimates, keeping some pressure on the stock as investors assess whether margins can keep up with revenue growth.

Analysts Set New Price Targets

ABNB has been the topic of several analyst reports. Wells Fargo & Company increased their price target on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird set a $150.00 target price on Airbnb in a research report on Friday, May 8th. Truist Financial upgraded Airbnb from a “sell” rating to a “hold” rating and raised their target price for the company from $107.00 to $129.00 in a research report on Thursday, March 26th. Argus upgraded Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and a consensus target price of $157.67.

Airbnb Company Profile

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.