Brian Chesky Sells 38,461 Shares of Airbnb, Inc.

On March 17th, Brian Chesky, the CEO of Airbnb, Inc. (NASDAQ:ABNB), executed a transaction selling 38,461 shares of the company's stock. The shares were sold at an average price of $126.60, resulting in a total sale value of $4,869,162.60. After this transaction, Chesky now directly owns 11,770,144 shares in Airbnb, which are valued at approximately $1,490,100,230.40. This sale represents a 0.33% decrease in his ownership stake. The details of this trade were disclosed in a filing with the Securities and Exchange Commission (SEC), accessible on their official website.

Recent Trades by Brian Chesky

Chesky has been actively trading his shares in the company recently. Here are some of his prior transactions:

• February 18th: Sold 115,385 shares at an average price of $160.32, totaling $18,498,523.20.
• February 14th: Sold 230,772 shares at an average price of $161.16, totaling $37,191,215.52.
• February 12th: Sold 190,301 shares at an average price of $140.51, totaling $26,739,193.51.
• February 3rd: Sold 38,461 shares at an average price of $129.87, totaling $4,994,930.07.
• January 21st: Sold 38,461 shares at an average price of $133.19, totaling $5,122,620.59.
• January 6th: Sold 38,461 shares at an average price of $135.82, totaling $5,223,773.02.
• December 23rd: Sold 38,461 shares at an average price of $133.58, totaling $5,137,620.38.

Airbnb's Stock Performance

During mid-day trading on a recent Wednesday, Airbnb’s stock (NASDAQ:ABNB) saw an increase of $1.44, reaching $126.00. A total of 4,351,425 shares exchanged hands, with the company having an average trading volume of 4,402,218. Over the past year, Airbnb shares have fluctuated, hitting a low of $110.38 and a high of $170.10. Financial ratios indicate a debt-to-equity ratio of 0.24, a quick ratio of 1.69, and a current ratio of 1.69. The stock has a market capitalization of $79.45 billion and a price-to-earnings (P/E) ratio of 30.51.

Recent Earnings Report

On February 13th, Airbnb reported its quarterly earnings, revealing an earnings per share (EPS) of $0.73, which exceeded analysts' expectations of $0.61 by $0.12. The company recorded a net margin of 23.85% and a return on equity of 32.29%. Analysts project that Airbnb will post an EPS of 4.31 for the current fiscal year.

Investor Activity in Airbnb

Recently, several prominent investors have adjusted their stakes in Airbnb. Golden State Wealth Management LLC acquired a new position in the fourth quarter valued at around $25,000. Berbice Capital Management LLC and Park Square Financial Group LLC each invested approximately $26,000 also in the fourth quarter. Additionally, Orion Capital Management LLC invested around $28,000, while Graney & King LLC acquired shares valued at approximately $32,000. Currently, 80.76% of Airbnb's stock is held by hedge funds and institutional investors.

Analyst Opinions on Airbnb

Analysts have varied opinions on Airbnb's stock. For example, UBS Group raised its price target from $143.00 to $160.00 while giving the company a "neutral" rating. JMP Securities maintained a “market perform” rating, and Baird upgraded Airbnb from a “hold” to a “strong buy.” Additionally, Wedbush reaffirmed an “outperform” rating, establishing a price target of $155. Lastly, Jefferies Financial Group upgraded its rating to “buy” and set a new price objective of $185. The stock holds a consensus rating of "Hold" among analysts, with an average price target of $148.15.

About Airbnb

Airbnb, Inc. is a dynamic platform that allows hosts to provide stays and experiences to guests globally. The company's marketplace connects these hosts and guests online, enabling bookings for private rooms, primary homes, and vacation homes.

Airbnb, stocks, CEO