Airbnb, Inc. (NASDAQ:ABNB) CEO Sells $22,509,000.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $150.06, for a total transaction of $22,509,000.00. Following the completion of the transaction, the chief executive officer now directly owns 16,698,931 shares in the company, valued at $2,505,841,585.86. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, July 3rd, Brian Chesky sold 30,000 shares of Airbnb stock. The shares were sold at an average price of $132.47, for a total transaction of $3,974,100.00.

Airbnb Stock Performance

Shares of ABNB stock opened at $144.12 on Friday. The firm has a market capitalization of $93.29 billion, a PE ratio of 42.02, a price-to-earnings-growth ratio of 1.91 and a beta of 1.29. The firm has a fifty day simple moving average of $138.68 and a two-hundred day simple moving average of $125.50. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.39. Airbnb, Inc. has a 12 month low of $81.91 and a 12 month high of $154.95.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.21. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.42 billion. Airbnb had a net margin of 25.31% and a return on equity of 42.90%. Airbnb’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. Analysts forecast that Airbnb, Inc. will post 3.72 EPS for the current fiscal year.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prosperity Wealth Management Inc. grew its stake in shares of Airbnb by 50.8% in the 2nd quarter. Prosperity Wealth Management Inc. now owns 3,740 shares of the company’s stock worth $479,000 after acquiring an additional 1,260 shares in the last quarter. Portside Wealth Group LLC bought a new stake in shares of Airbnb in the 2nd quarter worth $5,467,000. Virginia Retirement Systems ET AL bought a new stake in shares of Airbnb in the 2nd quarter worth $12,688,000. BOKF NA grew its stake in shares of Airbnb by 88.3% in the 2nd quarter. BOKF NA now owns 30,898 shares of the company’s stock worth $3,960,000 after acquiring an additional 14,493 shares in the last quarter. Finally, Vestor Capital LLC grew its stake in shares of Airbnb by 83.8% in the 2nd quarter. Vestor Capital LLC now owns 86,548 shares of the company’s stock worth $11,092,000 after acquiring an additional 39,452 shares in the last quarter. Institutional investors own 44.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ABNB shares. TD Cowen decreased their price target on shares of Airbnb from $158.00 to $145.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Airbnb from $102.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, August 8th. Tigress Financial reaffirmed a “buy” rating and set a $185.00 price target on shares of Airbnb in a report on Tuesday, August 22nd. Bank of America lifted their price target on shares of Airbnb from $135.00 to $146.00 in a report on Wednesday, July 12th. Finally, Evercore ISI lifted their price target on shares of Airbnb from $145.00 to $168.00 in a report on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $144.81.

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.