Airbnb (NASDAQ:ABNB) CEO Sells $30,564,582.50 in Stock

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CEO Brian Chesky sold 229,550 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $133.15, for a total value of $30,564,582.50. Following the completion of the sale, the chief executive officer directly owned 11,472,135 shares in the company, valued at $1,527,514,775.25. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

  • On Thursday, May 28th, Brian Chesky sold 265,746 shares of Airbnb stock. The stock was sold at an average price of $132.22, for a total value of $35,136,936.12.
  • On Wednesday, May 27th, Brian Chesky sold 20,000 shares of Airbnb stock. The stock was sold at an average price of $133.17, for a total value of $2,663,400.00.

Airbnb Stock Down 0.9%

Airbnb stock traded down $1.19 during mid-day trading on Friday, hitting $133.31. The company had a trading volume of 4,206,181 shares, compared to its average volume of 3,924,244. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average price is $133.93 and its two-hundred day moving average price is $130.20. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The company has a market capitalization of $80.35 billion, a PE ratio of 32.84, a price-to-earnings-growth ratio of 1.44 and a beta of 1.20.

Airbnb (NASDAQ:ABNB – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the firm posted $0.24 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

Several large investors have recently modified their holdings of ABNB. Caxton Associates LLP bought a new stake in Airbnb during the first quarter valued at about $258,000. Intech Investment Management LLC grew its holdings in Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after purchasing an additional 4,353 shares during the period. Sivia Capital Partners LLC grew its holdings in Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after purchasing an additional 927 shares during the period. WINTON GROUP Ltd bought a new stake in Airbnb during the second quarter valued at about $411,000. Finally, NewEdge Advisors LLC grew its holdings in Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after purchasing an additional 4,811 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on ABNB. Rodman & Renshaw began coverage on Airbnb in a report on Monday, May 4th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. boosted their price target on Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Robert W. Baird set a $150.00 price target on Airbnb in a research note on Friday, May 8th. HC Wainwright upgraded Airbnb to a “buy” rating in a research note on Monday, May 4th. Finally, Citizens Jmp boosted their price target on Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.67.

Read Our Latest Analysis on ABNB

Airbnb Company Profile

(Get Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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