Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) CEO Brian Chesky sold 16,515 shares of the business’s stock in a transaction dated Friday, June 5th. The stock was 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 directly owned 10,774,327 shares of the company’s stock, valued at $1,456,365,780.59. The trade was a 0.15% decrease in their position. The transaction was disclosed in a legal 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 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 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 Stock Performance
NASDAQ ABNB traded up $0.89 on Monday, hitting $134.43. The stock had a trading volume of 3,058,647 shares, compared to its average volume of 4,218,832. Airbnb, Inc. has a one year low of $110.81 and a one year 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 stock has a market cap of $81.02 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 1.43 and a beta of 1.16. The company’s 50-day moving average is $134.32 and its two-hundred day moving average is $130.75.
Institutional Trading of Airbnb
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glenmede Trust Co. NA lifted its stake in Airbnb by 0.3% during the first quarter. Glenmede Trust Co. NA now owns 124,185 shares of the company’s stock valued at $15,682,000 after purchasing an additional 331 shares during the last quarter. Wellington Grp LLC acquired a new stake in Airbnb during the first quarter valued at approximately $48,000. Liontrust Investment Partners LLP lifted its stake in Airbnb by 8.1% during the first quarter. Liontrust Investment Partners LLP now owns 77,227 shares of the company’s stock valued at $9,752,000 after purchasing an additional 5,806 shares during the last quarter. Western Wealth Management LLC acquired a new stake in Airbnb during the first quarter valued at approximately $34,000. Finally, Ariadne Wealth Management LP lifted its stake in Airbnb by 35.8% during the first quarter. Ariadne Wealth Management LP now owns 3,636 shares of the company’s stock valued at $459,000 after purchasing an additional 958 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on ABNB shares. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. HC Wainwright raised shares of Airbnb to a “buy” rating in a research note on Monday, May 4th. Citizens Jmp upped their price target on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 price target on shares of Airbnb in a research note on Thursday, May 21st. Finally, HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. Two 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.76.
Read Our Latest Report on Airbnb
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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