Brian Chesky Sells 38,461 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Brian Chesky, the CEO of Airbnb, Inc. (NASDAQ:ABNB), sold 38,461 shares of the company on March 17th. This transaction was conducted at an average price of $126.60 per share, resulting in a total sale value of $4,869,162.60. Following this sale, Chesky holds 11,770,144 shares of Airbnb, which are currently valued at around $1,490,100,230.40. This sale marks a slight decrease of 0.33% in his ownership of the company’s stock. The details of this transaction were shared in a filing with the Securities and Exchange Commission (SEC), which is publicly accessible.

Moreover, Brian Chesky has been involved in a series of stock transactions in recent months. For instance, on February 18th, he sold 115,385 shares at an average price of $160.32, totaling $18,498,523.20. Prior to that, on February 14th, he sold 230,772 shares at $161.16, for $37,191,215.52. On February 12th, he sold 190,301 shares at an average of $140.51, amounting to $26,739,193.51. Earlier in February, on the 3rd, he sold 38,461 shares at $129.87, adding up to $4,994,930.07. On January 21st and January 6th, he sold similar amounts of shares at prices of $133.19 and $135.82, respectively. Each of these trades contributes to an ongoing pattern of stock sales by Chesky.

Airbnb Stock Performance

Recently, shares of Airbnb traded higher, reaching $126.00, an increase of $1.44 during mid-day trading on a Wednesday. Approximately 4,351,425 shares changed hands, which is comparable to its average trading volume of 4,402,218 shares. The stock prices have fluctuated over the past year, with a low point of $110.38 and a high point of $170.10. Financial ratios indicate a solid position: the company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69, and a current ratio of 1.69. The 50-day moving average stands at $135.93, while the 200-day moving average is $133.20. Overall, Airbnb holds a market capitalization of approximately $79.45 billion, with a price-to-earnings (P/E) ratio of 30.51.

Airbnb's Financial Results

In their latest quarterly earnings report released on February 13th, Airbnb reported earnings of $0.73 per share, surpassing analysts' expectations of $0.61 by $0.12. The company achieved a net margin of 23.85% and a return on equity of 32.29%. Analysts predict that Airbnb will report an earnings per share (EPS) of 4.31 for the current fiscal year.

Institutional Ownership Changes

In recent trading, several large institutional investors have modified their positions in Airbnb. For example, Golden State Wealth Management LLC acquired a stake in the company in the fourth quarter valued at around $25,000. Other firms, such as Berbice Capital Management LLC and Park Square Financial Group LLC, both purchased new positions, also valued in the $26,000 range. In total, approximately 80.76% of Airbnb’s shares are owned by hedge funds and institutional investors, illustrating significant interest from large financial entities.

Analyst Opinions

In the financial sector, various analysts have expressed their views on Airbnb’s stock performance. UBS Group raised their target price from $143.00 to $160.00 and designated the company with a 'neutral' rating. JMP Securities maintained a 'market perform' rating, while Baird R W upgraded Airbnb to a 'strong buy.' Additionally, Wedbush reiterated an 'outperform' rating with a price target of $155.00. Overall, five analysts rated the stock as a sell, eighteen positioned it as a hold, while thirteen labeled it a buy and two classified it as a strong buy. Currently, the stock has a consensus rating of 'Hold' with an average price target of $148.15.

About Airbnb

Airbnb, Inc. operates a global platform connecting hosts and guests through a user-friendly marketplace. The services offered range from private rooms to entire homes, and even unique experiences for travelers. The company’s mission centers on community and hospitality, providing a diverse range of accommodations worldwide.

Airbnb, Stocks, Ownership