Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CEO Brian Chesky sold 184,513 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $135.80, for a total value of $25,056,865.40. Following the transaction, the chief executive officer directly owned 10,917,939 shares of the company’s stock, valued at approximately $1,482,656,116.20. The trade was a 1.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Brian Chesky also recently made the following trade(s):
- 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 value of $2,080,176.12.
- 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 stock was 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 stock was 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
Shares of ABNB traded down $3.61 during trading hours on Tuesday, hitting $134.26. 4,353,089 shares of the company were exchanged, compared to its average volume of 4,008,196. The company has a market capitalization of $80.92 billion, a PE ratio of 33.61, a PEG ratio of 1.43 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a fifty day simple moving average of $134.07 and a 200-day simple moving average of $130.37. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25.
Institutional Trading of Airbnb
Several hedge funds and other institutional investors have recently modified their holdings of the company. Caxton Associates LLP bought a new position in Airbnb during the first quarter valued at about $258,000. Intech Investment Management LLC raised its holdings in Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after buying an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after buying an additional 927 shares in the last quarter. WINTON GROUP Ltd bought a new position in Airbnb during the second quarter valued at about $411,000. Finally, NewEdge Advisors LLC raised its holdings in Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after buying an additional 4,811 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
ABNB has been the subject of a number of research analyst reports. Barclays increased their target price on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. HC Wainwright upgraded Airbnb to a “buy” rating in a report on Monday, May 4th. JPMorgan Chase & Co. increased their target price on Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 target price on shares of Airbnb in a report on Friday, May 8th. Finally, DA Davidson increased their target price on Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a report on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $157.67.
Read Our Latest Research Report on ABNB
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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