Brian Chesky Sells 30,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 30,000 shares of the firm’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $118.59, for a total transaction of $3,557,700.00. Following the sale, the chief executive officer now owns 16,638,931 shares in the company, valued at $1,973,210,827.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, October 2nd, Brian Chesky sold 30,000 shares of Airbnb stock. The shares were sold at an average price of $136.54, for a total transaction of $4,096,200.00.
• On Tuesday, September 12th, Brian Chesky sold 150,000 shares of Airbnb stock. The shares were sold at an average price of $150.06, for a total transaction of $22,509,000.00.

Airbnb Stock Performance

NASDAQ ABNB opened at $115.52 on Friday. Airbnb, Inc. has a 12-month low of $81.91 and a 12-month high of $154.95. The company has a quick ratio of 1.78, a current ratio of 1.78 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $74.77 billion, a P/E ratio of 13.97, a P/E/G ratio of 1.47 and a beta of 1.26. The firm has a 50-day moving average price of $129.48 and a two-hundred day moving average price of $127.61.

Analyst Ratings Changes

Several equities research analysts have issued reports on ABNB shares. KeyCorp lifted their price target on shares of Airbnb from $135.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, July 24th. Morgan Stanley lowered their price target on shares of Airbnb from $110.00 to $105.00 and set an “underweight” rating on the stock in a research note on Thursday, November 2nd. Wedbush lowered their price target on shares of Airbnb from $145.00 to $135.00 and set a “neutral” rating on the stock in a research note on Thursday, November 2nd. Truist Financial lifted their price objective on shares of Airbnb from $116.00 to $126.00 and gave the company a “hold” rating in a research report on Friday, September 15th. Finally, Evercore ISI lifted their price objective on shares of Airbnb from $145.00 to $168.00 in a research report on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $142.97.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Airbnb by 9.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock valued at $132,709,000 after purchasing an additional 63,601 shares during the last quarter. TradeLink Capital LLC bought a new position in Airbnb during the first quarter worth $945,000. Synovus Financial Corp boosted its stake in Airbnb by 22.5% during the first quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock worth $256,000 after acquiring an additional 274 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Airbnb by 27.9% during the first quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock worth $433,000 after acquiring an additional 549 shares in the last quarter. Finally, Canada Pension Plan Investment Board bought a new position in Airbnb during the first quarter worth $2,125,000. 44.19% of the stock is owned by institutional investors.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.