Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $10,764,604.62 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the transaction, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

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

• On Monday, October 14th, Brian Chesky sold 38,460 shares of Airbnb stock. The stock was sold at an average price of $133.97, for a total transaction of $5,152,486.20.
• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The shares were sold at an average price of $127.32, for a total value of $9,793,836.36.
• On Tuesday, September 17th, Brian Chesky sold 230,769 shares of Airbnb stock. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00.

Airbnb Trading Down 1.0 %

Shares of Airbnb stock traded down $1.39 on Wednesday, hitting $138.28. 2,655,890 shares of the company’s stock traded hands, compared to its average volume of 5,991,421. The company has a market capitalization of $87.67 billion, a price-to-earnings ratio of 49.01, a price-to-earnings-growth ratio of 2.00 and a beta of 1.15. The company has a fifty day moving average of $133.55 and a two-hundred day moving average of $135.45. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the firm posted $2.39 earnings per share. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Tri Ri Asset Management Corp bought a new position in shares of Airbnb in the third quarter valued at approximately $6,352,000. Wilmington Savings Fund Society FSB bought a new stake in Airbnb in the 3rd quarter valued at about $648,000. Virtu Financial LLC purchased a new stake in shares of Airbnb during the 3rd quarter valued at approximately $609,000. Advisory Resource Group lifted its position in shares of Airbnb by 25.7% during the third quarter. Advisory Resource Group now owns 10,434 shares of the company’s stock worth $1,323,000 after acquiring an additional 2,131 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in Airbnb by 22.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 9,123 shares of the company’s stock worth $1,157,000 after purchasing an additional 1,648 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ABNB. TD Cowen increased their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Raymond James initiated coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Benchmark restated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research note on Friday, November 8th. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average price target of $138.97.

About Airbnb

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.