Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 76,923 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $127.32, for a total value of $9,793,836.36. Following the completion of the sale, the chief executive officer now directly owns 13,238,989 shares of the company’s stock, valued at approximately $1,685,588,079.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• 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 stock was sold at an average price of $149.11, for a total transaction of $17,205,057.35.
• On Monday, July 8th, Brian Chesky sold 115,385 shares of Airbnb stock. The stock was sold at an average price of $151.95, for a total transaction of $17,532,750.75.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $125.29 on Friday. The stock has a fifty day moving average of $122.16 and a 200-day moving average of $142.50. The stock has a market cap of $80.69 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter in the prior year, the company earned $0.98 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. Equities research analysts anticipate that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company decreased their price objective on Airbnb from $129.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group lowered their price target on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Morgan Stanley lifted their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, July 23rd. Robert W. Baird lowered their target price on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 price target on shares of Airbnb in a research report on Monday. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $134.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Focus Financial Network Inc. ADV purchased a new stake in shares of Airbnb in the fourth quarter worth $218,000. Campbell & CO Investment Adviser LLC increased its stake in Airbnb by 72.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,044 shares of the company’s stock worth $551,000 after acquiring an additional 1,695 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Airbnb by 204.0% in the 4th quarter. Jones Financial Companies Lllp now owns 526 shares of the company’s stock valued at $72,000 after acquiring an additional 353 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Airbnb by 1.9% during the 4th quarter. CIBC Asset Management Inc now owns 119,926 shares of the company’s stock valued at $16,327,000 after acquiring an additional 2,188 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. purchased a new position in shares of Airbnb during the fourth quarter worth about $468,000. 80.76% 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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.