Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CEO Brian Chesky sold 64,333 shares of Airbnb stock in a transaction on Thursday, June 4th. The shares were sold at an average price of $136.14, for a total transaction of $8,758,294.62. Following the completion of the sale, the chief executive officer directly owned 10,790,842 shares in the company, valued at $1,469,065,229.88. This represents a 0.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Brian Chesky also recently made the following trade(s):
- On Friday, June 5th, Brian Chesky sold 16,515 shares of Airbnb stock. The stock was sold at an average price of $135.17, for a total transaction of $2,232,332.55.
- 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was 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 stock was sold at an average price of $133.17, for a total transaction 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 transaction of $30,564,582.50.
Airbnb Trading Up 0.7%
Shares of ABNB opened at $134.43 on Tuesday. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25. 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 firm’s fifty day moving average is $134.38 and its two-hundred day moving average is $130.88. The stock has a market cap of $81.02 billion, a PE ratio of 33.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16.
Wall Street Analyst Weigh In
ABNB has been the topic of several analyst reports. Truist Financial upgraded Airbnb from a “sell” rating to a “hold” rating and lifted their price target for the stock from $107.00 to $129.00 in a report on Thursday, March 26th. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a report on Monday, May 4th. Weiss Ratings upgraded Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Mizuho lifted their price target on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Finally, Evercore reiterated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Airbnb has an average rating of “Moderate Buy” and a consensus price target of $157.76.
Read Our Latest Report on Airbnb
Institutional Trading of Airbnb
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb during the third quarter worth about $25,000. ORG Partners LLC increased its stake in Airbnb by 97.0% during the fourth 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. Transamerica Financial Advisors LLC increased its stake in Airbnb by 143.6% during the fourth 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. Entrust Financial LLC purchased a new stake in Airbnb during the fourth quarter worth about $27,000. Finally, Meeder Asset Management Inc. increased its stake in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.
Airbnb Company Profile
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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