Airbnb (NASDAQ:ABNB) CEO Sells $1,141,590.90 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 8,770 shares of the stock in a transaction that occurred on Friday, December 12th. The shares were sold at an average price of $130.17, for a total transaction of $1,141,590.90. Following the completion of the sale, the chief executive officer owned 97,084 shares in the company, valued at $12,637,424.28. This represents a 8.28% 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, December 15th, Brian Chesky sold 51,230 shares of Airbnb stock. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $133.99 on Friday. The business’s fifty day moving average price is $123.02 and its two-hundred day moving average price is $127.54. The stock has a market cap of $82.48 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $2.13 earnings per share. The business’s revenue was up 9.9% compared to the same quarter last year. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. BNP Paribas initiated coverage on shares of Airbnb in a research note on Monday, November 24th. They set a “hold” rating on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Jefferies Financial Group boosted their price target on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Mizuho set a $156.00 price target on Airbnb in a research note on Friday, November 7th. Finally, KeyCorp began coverage on Airbnb in a research report on Thursday, October 23rd. They issued a “sector weight” rating for the company. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nineteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Hold” and an average target price of $144.28.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. Corient IA LLC acquired a new position in Airbnb in the first quarter valued at $299,000. Algert Global LLC acquired a new position in shares of Airbnb in the 1st quarter valued at about $2,976,000. Brooklyn Investment Group grew its holdings in shares of Airbnb by 65.1% during the 1st quarter. Brooklyn Investment Group now owns 2,170 shares of the company’s stock worth $259,000 after purchasing an additional 856 shares during the period. Northern Trust Corp increased its position in Airbnb by 2.5% during the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after purchasing an additional 106,135 shares in the last quarter. Finally, Aptus Capital Advisors LLC lifted its position in Airbnb by 25.3% during the first quarter. Aptus Capital Advisors LLC now owns 5,433 shares of the company’s stock valued at $649,000 after buying an additional 1,097 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.