Brian Chesky Sells 76,923 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, October 14th, Brian Chesky sold 38,460 shares of Airbnb stock. The stock was sold at an average price of $133.97, for a total transaction of $5,152,486.20.
• On Monday, September 30th, Brian Chesky sold 76,923 shares of Airbnb stock. The stock was sold at an average price of $127.32, for a total transaction of $9,793,836.36.
• 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 transaction of $27,692,280.00.

Airbnb Price Performance

ABNB stock opened at $138.28 on Friday. The company has a 50 day simple moving average of $133.86 and a 200 day simple moving average of $135.47. The stock has a market cap of $87.67 billion, a price-to-earnings ratio of 48.52, a P/E/G ratio of 2.00 and a beta of 1.15. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 earnings per share. Research analysts anticipate that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently added to or reduced their stakes in ABNB. Northwest Investment Counselors LLC bought a new stake in Airbnb during the 3rd quarter worth approximately $25,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. New Millennium Group LLC bought a new stake in shares of Airbnb in the 2nd quarter valued at $28,000. Cultivar Capital Inc. bought a new stake in shares of Airbnb in the 2nd quarter valued at $30,000. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at $30,000. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ABNB has been the topic of several recent research reports. Raymond James initiated coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. Mizuho lowered their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Susquehanna lifted their price target on shares of Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. B. Riley lowered their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lowered their price target on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Six research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average price target of $138.97.

About Airbnb

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.