Brian Chesky Sells 38,460 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 38,460 shares of the business’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $133.97, for a total value of $5,152,486.20. Following the transaction, the chief executive officer now directly owns 13,200,529 shares of the company’s stock, valued at $1,768,474,870.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $127.32, for a total transaction 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.
• On Monday, July 22nd, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $149.11, for a total value of $17,205,057.35.

Airbnb Stock Up 1.4 %

Shares of NASDAQ:ABNB traded up $1.88 during mid-day trading on Wednesday, hitting $135.15. 3,688,833 shares of the company traded hands, compared to its average volume of 4,463,354. The stock has a 50-day moving average price of $121.87 and a two-hundred day moving average price of $140.34. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market cap of $87.04 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.83 and a beta of 1.17. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the previous year, the company earned $0.98 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts forecast that Airbnb, Inc. will post 4.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wedbush cut their price target on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Monday, August 26th. UBS Group reduced their target price on Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada lowered their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, Morgan Stanley upped their price objective on shares of Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, July 23rd. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $134.55.

Institutional Trading of Airbnb

Hedge funds have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in Airbnb in the first quarter valued at about $25,000. Trust Co. of Vermont purchased a new position in Airbnb in the fourth quarter valued at approximately $27,000. New Millennium Group LLC bought a new position in Airbnb during the second quarter valued at $28,000. Cultivar Capital Inc. purchased a new stake in Airbnb in the second quarter worth $30,000. Finally, Westend Capital Management LLC bought a new stake in shares of Airbnb in the first quarter valued at $33,000. 80.76% of the stock is currently owned by institutional investors.

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.