Brian Chesky Sells 51,230 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 51,230 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the transaction, the chief executive officer directly owned 45,854 shares in the company, valued at $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, December 12th, Brian Chesky sold 8,770 shares of Airbnb stock. The shares were sold at an average price of $130.17, for a total value of $1,141,590.90.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $133.78 on Thursday. The stock has a market capitalization of $82.35 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.32 and a beta of 1.11. The business has a 50-day moving average of $122.74 and a two-hundred day moving average of $127.49. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the company posted $2.13 EPS. The business’s revenue was up 9.9% on a year-over-year basis. As a group, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on ABNB shares. BNP Paribas Exane began coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. KeyCorp initiated coverage on shares of Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating on the stock. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Wells Fargo & Company boosted their target price on shares of Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, December 1st. Finally, UBS Group upped their price target on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus price target of $144.28.

Hedge Funds Weigh In On Airbnb

Large investors have recently bought and sold shares of the stock. Kentucky Trust Co acquired a new stake in Airbnb in the 2nd quarter worth $25,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Airbnb in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares in the last quarter. Sunbelt Securities Inc. increased its stake in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new position in Airbnb in the 3rd quarter valued at approximately $27,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.