Key Points
- Airbnb CEO Brian Chesky sold 16,515 shares on June 5 at an average price of $135.17, totaling about $2.23 million. After the sale, he still held over 10.77 million shares.
- The filing follows a series of recent insider sales by Chesky, including multiple large transactions over the prior week, indicating a notable reduction in his holdings over a short period.
- Airbnb’s stock was trading around $134.43, and the company recently reported mixed quarterly results: earnings per share missed estimates, while revenue came in above expectations and rose 17.9% year over year.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CEO Brian Chesky sold 16,515 shares of the firm's stock in a transaction on Friday, June 5th. The shares were sold at an average price of $135.17, for a total transaction of $2,232,332.55. Following the completion of the sale, the chief executive officer owned 10,774,327 shares in the company, valued at $1,456,365,780.59. The trade was a 0.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Brian Chesky also recently made the following trade(s):
- On Thursday, June 4th, Brian Chesky sold 64,333 shares of Airbnb stock. The stock was sold at an average price of $136.14, for a total transaction of $8,758,294.62.
- On Tuesday, June 2nd, Brian Chesky sold 62,764 shares of Airbnb stock. The stock was sold at an average price of $134.00, for a total transaction of $8,410,376.00.
- On Monday, June 1st, Brian Chesky sold 15,226 shares of Airbnb stock. The shares were sold at an average price of $136.62, for a total value of $2,080,176.12.
- On Monday, June 1st, Brian Chesky sold 184,513 shares of Airbnb stock. The shares were sold at an average price of $135.80, for a total value of $25,056,865.40.
- On Friday, May 29th, Brian Chesky sold 4,774 shares of Airbnb stock. The stock was sold at an average price of $135.16, for a total value of $645,253.84.
- On Friday, May 29th, Brian Chesky sold 103,937 shares of Airbnb stock. The stock was sold at an average price of $134.39, for a total value of $13,968,093.43.
- On Thursday, May 28th, Brian Chesky sold 265,746 shares of Airbnb stock. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12.
- 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 stock was sold at an average price of $133.15, for a total value of $30,564,582.50.
Airbnb Price Performance
ABNB stock opened at $134.43 on Tuesday. The business has a 50 day moving average price of $134.38 and a 200 day moving average price of $130.88. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market cap of $81.02 billion, a price-to-earnings ratio of 33.11, a PEG ratio of 1.43 and a beta of 1.16. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 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 company had revenue of $2.68 billion during the quarter, compared to analysts' expectations of $2.62 billion. During the same quarter in the prior year, the company earned $0.24 earnings per share. The business's revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts recently commented on ABNB shares. Barclays increased their target price on shares of Airbnb from $122.00 to $125.00 and gave the company an "equal weight" rating in a research report on Monday, May 11th. UBS Group upped their price objective on shares of Airbnb from $153.00 to $157.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. HC Wainwright raised Airbnb to a "buy" rating in a report on Monday, May 4th. Argus upgraded Airbnb to a "strong-buy" rating in a research report on Tuesday, February 17th. Finally, HSBC downgraded Airbnb from a "hold" rating to a "hold" rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $157.76.
Get Our Latest Research Report on Airbnb
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd purchased a new stake in shares of Airbnb in the third quarter valued at about $25,000. ORG Partners LLC grew its holdings in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after buying an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC increased its position in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after acquiring an additional 112 shares during the period. Entrust Financial LLC acquired a new position in Airbnb in the 4th quarter valued at about $27,000. Finally, Meeder Asset Management Inc. raised its stake in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.
Airbnb Company Profile
(
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.
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