Key Points
- Airbnb CEO Brian Chesky sold 265,746 shares on May 28 at an average price of $132.22, totaling about $35.1 million and reducing his ownership by 2.32%.
- Chesky also made two additional sales the prior day—20,000 shares and 229,550 shares—for roughly $2.7 million and $30.6 million, respectively, indicating a broader pattern of insider selling.
- Airbnb shares were down 0.9% around the time of the filing, while analysts still generally view the stock favorably with a Moderate Buy consensus and an average price target of $157.67.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CEO Brian Chesky sold 265,746 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the sale, the chief executive officer directly owned 11,206,389 shares of the company's stock, valued at approximately $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Brian Chesky also recently made the following trade(s):
- On Wednesday, May 27th, Brian Chesky sold 20,000 shares of Airbnb stock. The shares were sold at an average price of $133.17, for a total value of $2,663,400.00.
- On Wednesday, May 27th, Brian Chesky sold 229,550 shares of Airbnb stock. The shares were sold at an average price of $133.15, for a total value of $30,564,582.50.
Airbnb Trading Down 0.9%
Shares of Airbnb stock opened at $133.31 on Friday. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The firm has a market cap of $80.35 billion, a PE ratio of 32.84, a P/E/G ratio of 1.44 and a beta of 1.20. The stock has a fifty day moving average price of $133.93 and a 200-day moving average price of $130.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion for the quarter, compared to analysts' expectations of $2.62 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The company's revenue for the quarter was up 17.9% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.
Institutional Investors Weigh In On Airbnb
Several large investors have recently added to or reduced their stakes in the company. Transamerica Financial Advisors LLC boosted its stake in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock worth $26,000 after purchasing an additional 112 shares during the period. ORG Partners LLC boosted its stake in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after purchasing an additional 96 shares during the period. Entrust Financial LLC bought a new position in Airbnb in the 4th quarter worth about $27,000. Aster Capital Management DIFC Ltd bought a new position in Airbnb in the 3rd quarter worth about $25,000. Finally, Aventura Private Wealth LLC bought a new position in Airbnb in the 4th quarter worth about $29,000. Hedge funds and other institutional investors own 80.76% of the company's stock.
Airbnb News Roundup
Here are the key news stories impacting Airbnb this week:
- Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
- Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
- Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
- Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
- Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
- Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source
Analysts Set New Price Targets
Several equities research analysts recently weighed in on ABNB shares. Sanford C. Bernstein reissued an "outperform" rating on shares of Airbnb in a report on Friday, May 22nd. Wells Fargo & Company lifted their price objective on Airbnb from $178.00 to $181.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. Citizens Jmp lifted their price objective on Airbnb from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Friday, May 8th. Raymond James Financial raised Airbnb from a "market perform" rating to a "strong-buy" rating in a report on Monday, May 4th. Finally, B. Riley Financial reissued a "buy" rating on shares of Airbnb in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of "Moderate Buy" and an average price target of $157.67.
View Our Latest Analysis on Airbnb
About Airbnb
(
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.
See Also
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