Airbnb (NASDAQ:ABNB) CEO Brian Chesky Sells 16,515 Shares

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 16,515 shares of Airbnb stock in a transaction on Friday, June 5th. The shares were sold at an average price of $135.17, for a total value of $2,232,332.55. Following the completion of the sale, the chief executive officer owned 10,774,327 shares in the company, valued at $1,456,365,780.59. This represents a 0.15% decrease in their position. The transaction 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 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 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 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.
• 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

NASDAQ:ABNB opened at $134.43 on Tuesday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25. 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 price of $134.38 and a 200 day moving average price of $130.88. The stock has a market capitalization of $81.02 billion, a P/E ratio of 33.11, a PEG ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (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 during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the firm earned $0.24 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Harris Associates L P increased its holdings in Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Independent Franchise Partners LLP purchased a new position in shares of Airbnb in the 3rd quarter valued at about $505,672,000. Norges Bank acquired a new position in shares of Airbnb during the fourth quarter worth about $480,332,000. Jennison Associates LLC grew its position in shares of Airbnb by 9,331.0% during the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after buying an additional 3,139,315 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after buying an additional 2,724,682 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ABNB shares. Susquehanna increased their target price on Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Benchmark lifted their target price on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Truist Financial raised shares of Airbnb from a “sell” rating to a “hold” rating and increased their price target for the stock from $107.00 to $129.00 in a research report on Thursday, March 26th. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, BMO Capital Markets lifted their price objective on shares of Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, February 13th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus 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.