Key Points
- Airbnb CEO Brian Chesky sold 37,704 shares on Monday at an average price of $135.34, totaling about $5.1 million. After the sale, he still owned over 10.7 million shares, and the trade reduced his stake by just 0.35%.
- Chesky has been actively selling shares recently, with multiple additional transactions in early June and late May, including several large sales worth millions of dollars each. The article highlights a series of insider sales rather than a one-off transaction.
- Airbnb shares were down 1.7% and the stock opened at $129.10, below the recent sale prices and under its 50-day moving average. The company also recently missed EPS estimates in its latest quarterly report, though revenue came in above expectations.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) CEO Brian Chesky sold 4,195 shares of the business's stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $135.71, for a total transaction of $569,303.45. Following the completion of the sale, the chief executive officer directly owned 10,732,428 shares of the company's stock, valued at $1,456,497,803.88. This represents a 0.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Brian Chesky also recently made the following trade(s):
- On Monday, June 8th, Brian Chesky sold 37,704 shares of Airbnb stock. The shares were sold at an average price of $135.34, for a total transaction of $5,102,859.36.
- On Friday, June 5th, Brian Chesky sold 16,515 shares of Airbnb stock. The shares were sold at an average price of $135.17, for a total transaction of $2,232,332.55.
- On Thursday, June 4th, Brian Chesky sold 64,333 shares of Airbnb stock. The shares were 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 shares were 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 transaction 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 transaction of $25,056,865.40.
- On Friday, May 29th, Brian Chesky sold 4,774 shares of Airbnb stock. The shares were sold at an average price of $135.16, for a total transaction of $645,253.84.
- On Friday, May 29th, Brian Chesky sold 103,937 shares of Airbnb stock. The shares were sold at an average price of $134.39, for a total transaction 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 transaction 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 transaction of $2,663,400.00.
Airbnb Stock Performance
Shares of Airbnb stock opened at $129.10 on Thursday. The company has a 50 day moving average of $134.67 and a 200-day moving average of $131.12. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market cap of $77.81 billion, a PE ratio of 31.80, a price-to-earnings-growth ratio of 1.41 and a beta of 1.16.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company posted $0.24 EPS. The business's revenue was up 17.9% on a year-over-year basis. As a group, equities research analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Airbnb
Several large investors have recently modified their holdings of the company. Commerzbank Aktiengesellschaft FI increased its position in shares of Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company's stock worth $727,000 after buying an additional 76 shares during the period. Patton Fund Management Inc. grew its holdings in Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company's stock worth $254,000 after purchasing an additional 77 shares during the period. BOKF NA lifted its stake in shares of Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company's stock valued at $107,000 after buying an additional 78 shares in the last quarter. Yoder Wealth Management Inc. lifted its stake in shares of Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company's stock valued at $3,582,000 after buying an additional 84 shares in the last quarter. Finally, Private Advisor Group LLC lifted its stake in shares of Airbnb by 1.0% in the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company's stock valued at $1,007,000 after buying an additional 86 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ABNB shares. Weiss Ratings raised Airbnb from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, May 12th. Susquehanna increased their price objective on shares of Airbnb from $150.00 to $170.00 and gave the company a "positive" rating in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $130.00 to $140.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Tigress Financial dropped their price target on shares of Airbnb from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Wednesday, April 8th. Finally, Evercore reaffirmed an "outperform" rating on shares of Airbnb in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $157.76.
View Our Latest Analysis on ABNB
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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