Brian Chesky Sells 38,461 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CEO Brian Chesky sold 38,461 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $126.60, for a total transaction of $4,869,162.60. Following the transaction, the chief executive officer now owns 11,770,144 shares of the company's stock, valued at approximately $1,490,100,230.40. The trade was a 0.33 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

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

• 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 value 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 stock was 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 shares were 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.
• On Monday, December 23rd, Brian Chesky sold 38,461 shares of Airbnb stock. The stock was sold at an average price of $133.58, for a total transaction of $5,137,620.38.

Airbnb Trading Up 2.1 %

Shares of NASDAQ:ABNB traded up $2.65 during trading on Friday, reaching $128.80. 8,703,802 shares of the stock were exchanged, compared to its average volume of 4,414,497. The firm's 50-day moving average price is $135.72 and its 200 day moving average price is $133.30. The firm has a market cap of $81.21 billion, a price-to-earnings ratio of 31.19, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.00. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

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Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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%. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Airbnb from a "sell" rating to a "neutral" rating and lifted their price target for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Morgan Stanley lifted their price objective on Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a report on Monday, January 13th. HSBC raised Airbnb from a "hold" rating to a "buy" rating in a report on Friday, February 14th. Benchmark lifted their price target on Airbnb from $150.00 to $178.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Gordon Haskett upgraded shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective on the stock in a research report on Friday, February 14th. Five analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Airbnb presently has a consensus rating of "Hold" and an average price target of $147.82.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Verde Capital Management raised its holdings in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company's stock valued at $2,775,000 after buying an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Airbnb in the third quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the third quarter valued at approximately $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its position in shares of Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock valued at $90,123,000 after purchasing an additional 197,558 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.