Airbnb, Inc. (NASDAQ:ABNB) CEO Sells 38,459 Shares

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CEO Brian Chesky sold 38,459 shares of Airbnb stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $120.44, for a total value of $4,632,001.96. Following the completion of the transaction, the chief executive officer now directly owns 11,731,685 shares in the company, valued at $1,412,964,141.40. This represents a 0.33 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Monday, March 17th, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $126.60, for a total transaction of $4,869,162.60.
• On Tuesday, February 18th, Brian Chesky sold 115,385 shares of Airbnb stock. The shares were sold at an average price of $160.32, for a total transaction of $18,498,523.20.
• On Friday, February 14th, Brian Chesky sold 230,772 shares of Airbnb stock. The stock was sold at an average price of $161.16, for a total value of $37,191,215.52.
• On Wednesday, February 12th, Brian Chesky sold 190,301 shares of Airbnb stock. The shares were sold at an average price of $140.51, for a total value of $26,739,193.51.
• On Monday, February 3rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $129.87, for a total value of $4,994,930.07.
• On Tuesday, January 21st, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.19, for a total transaction of $5,122,620.59.
• On Monday, January 6th, Brian Chesky sold 38,461 shares of Airbnb stock. The shares were sold at an average price of $135.82, for a total transaction of $5,223,773.02.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $1.72 during midday trading on Tuesday, reaching $108.02. 3,584,631 shares of the company traded hands, compared to its average volume of 4,657,094. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $166.74. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock's 50-day simple moving average is $133.30 and its 200-day simple moving average is $133.58. The firm has a market cap of $68.11 billion, a PE ratio of 26.05, a PEG ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC lifted its position in Airbnb by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company's stock worth $1,244,514,000 after buying an additional 72,991 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company's stock worth $571,505,000 after purchasing an additional 2,590,475 shares in the last quarter. Northern Trust Corp lifted its position in shares of Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company's stock worth $564,647,000 after purchasing an additional 331,607 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Airbnb by 15.5% during the fourth quarter. Renaissance Technologies LLC now owns 4,175,351 shares of the company's stock valued at $548,683,000 after purchasing an additional 558,856 shares during the last quarter. Finally, Norges Bank bought a new position in Airbnb in the 4th quarter worth approximately $433,374,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent research reports. DA Davidson increased their price objective on Airbnb from $131.00 to $170.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Hsbc Global Res raised shares of Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Truist Financial cut their price target on shares of Airbnb from $123.00 to $112.00 and set a "hold" rating on the stock in a report on Friday, March 21st. B. Riley upped their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Finally, Morgan Stanley raised their target price on Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a report on Monday, January 13th. Five research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and an average target price of $146.56.

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.