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

On Monday, March 17th, Brian Chesky, the CEO of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report), sold 38,461 shares of the company’s stock. The shares were sold at an average price of $126.60, resulting in a total transaction value of $4,869,162.60. After this transaction, Chesky owns 11,770,144 shares of Airbnb, which are valued at approximately $1,490,100,230.40. This sale marks a 0.33% decrease in his ownership percentage.

The trade was reported in a filing with the Securities and Exchange Commission (SEC), which is accessible on their official website.

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Recently, Brian Chesky has been active in selling shares, including the following transactions:

• On February 18th, he sold 115,385 shares at an average price of $160.32, amounting to $18,498,523.20.
• On February 14th, he sold 230,772 shares at an average price of $161.16, totaling $37,191,215.52.
• On February 12th, 190,301 shares were sold at an average price of $140.51, resulting in $26,739,193.51.
• On February 3rd, 38,461 shares were sold for an average of $129.87, generating $4,994,930.07.
• On January 21st, he sold another 38,461 shares at an average price of $133.19, which totaled $5,122,620.59.
• On January 6th, a sale of 38,461 shares took place at an average price of $135.82, summing up to $5,223,773.02.
• On December 23rd, he sold 38,461 shares at an average price of $133.58, yielding $5,137,620.38.

Airbnb Stock Performance

During midday trading on Wednesday, Airbnb’s stock price rose by $1.44 to reach $126.00, with 4,351,425 shares changing hands, compared to its average trading volume of 4,402,218 shares. The stock has fluctuated, having a 1-year low of $110.38 and a 1-year high of $170.10. Airbnb boasts a debt-to-equity ratio of 0.24 and both a quick ratio and current ratio of 1.69. The company's 50-day moving average stands at $135.93 while the 200-day moving average is $133.20. Its market capitalization is about $79.45 billion, with a price-to-earnings (P/E) ratio of 30.51 and a P/E to growth (P/E/G) ratio of 3.52.

• Airbnb's Earnings: Sky High Results, Grounded Guidance?

In its most recent quarterly earnings announcement on February 13th, Airbnb reported earnings of $0.73 per share, surpassing analysts' estimates of $0.61 by $0.12. The company achieved a net margin of 23.85% and a return on equity of 32.29%. Analysts are predicting an EPS of 4.31 for the ongoing fiscal year.

Institutional Trading of Airbnb

Recently, several institutional investors have modified their stakes in Airbnb. Some notable acquisitions in the fourth quarter include:

• Golden State Wealth Management LLC purchased a new position valued at around $25,000.
• Berbice Capital Management LLC also bought a new position worth approximately $26,000.
• Park Square Financial Group LLC acquired shares in Airbnb during the fourth quarter, valued around $26,000.
• Orion Capital Management LLC made a new investment, with a stake worth about $28,000.
• Graney & King LLC obtained a new stake valued at approximately $32,000.

Currently, 80.76% of Airbnb’s stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Opinions

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Analysts from various firms have recently issued updates on Airbnb’s stock. UBS Group raised its target price from $143.00 to $160.00, maintaining a “neutral” rating. JMP Securities reaffirmed a “market perform” rating. Baird R W upgraded Airbnb from “hold” to “strong-buy.” Wedbush reissued an “outperform” assessment with a target price of $155.00. Jefferies Financial Group lifted Airbnb’s rating from “hold” to “buy,” setting a new target of $185.00. Overall, MarketBeat reports that there are five analysts recommending a sell, eighteen a hold, thirteen a buy, and two a strong buy, leading to a consensus rating of “Hold” with an average target price of $148.15.

Read Our Latest Stock Analysis on Airbnb

About Airbnb

Airbnb, Inc. operates a platform that connects hosts with guests looking for stays and experiences globally. The platform enables bookings for private rooms, primary residences, and vacation homes.

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