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

Airbnb, Inc. (NASDAQ:ABNB) CEO Brian Chesky recently sold 38,461 shares of the company's stock on Monday, March 17th. The shares were sold at an average price of $126.60, resulting in a total revenue of $4,869,162.60. After this transaction, Chesky now owns 11,770,144 shares of Airbnb, which are valued at approximately $1,490,100,230.40. This sale represents a 0.33% decrease in his overall ownership of the company. This transaction was reported in a filing with the Securities and Exchange Commission (SEC).

Recent Trading Activity

In addition to this recent sale, Brian Chesky has made several other stock transactions. Here are some notable trades:

• On February 18th, he sold 115,385 shares at an average price of $160.32, totaling $18,498,523.20.
• On February 14th, he sold 230,772 shares at an average price of $161.16, bringing in $37,191,215.52.
• On February 12th, Chesky sold 190,301 shares priced at $140.51, for a total of $26,739,193.51.
• On February 3rd, he sold 38,461 shares for an average price of $129.87, amounting to $4,994,930.07.
• On January 21st, he sold 38,461 shares at an average of $133.19, totaling $5,122,620.59.
• On January 6th, he sold 38,461 shares priced at $135.82, for a total value of $5,223,773.02.
• On December 23rd, he sold 38,461 shares at an average of $133.58, resulting in $5,137,620.38.

Airbnb's Stock Performance

During mid-day trading on Wednesday, Airbnb shares increased by $1.44 to reach $126.00. A total of 4,351,425 shares changed hands during this trading session, slightly lower than the average volume of 4,402,218 shares. Over the past year, Airbnb's stock has fluctuated between a low of $110.38 and a high of $170.10. Currently, the company maintains a market capitalization of $79.45 billion with a price-to-earnings (P/E) ratio of 30.51, and a beta of 1.10, indicating moderate volatility.

Recent Earnings Report

Airbnb recently released its quarterly earnings results on February 13th. The company reported an earnings per share (EPS) of $0.73, surpassing analysts' expectations of $0.61 by $0.12. Airbnb's net margin stands at 23.85%, and its return on equity is 32.29%. Analysts predict that Airbnb is on track to achieve an EPS of approximately 4.31 for the current fiscal year.

Institutional Investment Changes

There have been various changes in institutional holdings of Airbnb stock. Some major movements in recent months include:

• Golden State Wealth Management LLC acquired new shares in Airbnb valued at about $25,000 during the fourth quarter.
• Berbice Capital Management LLC purchased shares worth approximately $26,000.
• Park Square Financial Group LLC and Orion Capital Management LLC also bought positions valued around $26,000 and $28,000, respectively.
• Graney & King LLC acquired shares in Airbnb worth around $32,000.

At present, approximately 80.76% of Airbnb shares are held by hedge funds and institutional investors.

Analysts' Ratings and Future Outlook

Wall Street analysts have recently issued various ratings for Airbnb. UBS Group lifted its target price from $143.00 to $160.00, maintaining a "neutral" rating. JMP Securities reiterated a "market perform" rating while Baird R W upgraded the stock from "hold" to "strong-buy." Wedbush reissued an "outperform" rating with a price target of $155.00. Jefferies Financial Group raised its price target from $165.00 to $185.00 and upgraded its rating from "hold" to "buy". Overall, the consensus among analysts indicates a mixed outlook, with several maintaining hold ratings while some are more bullish on the stock's future prospects.

About Airbnb

Airbnb, Inc. operates a platform that connects hosts and guests for stays and experiences worldwide. Its services primarily include private rooms, primary homes, and vacation rentals. Through its online platform, the company facilitates these bookings to create a unique travel experience for its users.

Airbnb, Chesky, Stock