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

On March 17th, Brian Chesky, the CEO of Airbnb, Inc. (NASDAQ:ABNB), sold 38,461 shares of the company’s stock. The sale occurred at an average price of $126.60 per share, totaling approximately $4,869,162.60. After this transaction, Chesky now directly holds 11,770,144 shares in Airbnb, amounting to roughly $1,490,100,230.40. This sale marks a 0.33% decrease in his ownership stake in the company. The details of the transaction were disclosed in a filing with the Securities and Exchange Commission (SEC), and the filing is accessible for public viewing.

Recent Trades by Brian Chesky

Prior to the recent sale, Brian Chesky executed several other stock transactions in 2023, including:

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

Airbnb Stock Performance Update

On Wednesday, during mid-day trading, NASDAQ:ABNB saw an increase of $1.44, reaching a price of $126.00 per share. In total, 4,351,425 shares traded hands, which is slightly below the average volume of 4,402,218 shares. Over the past year, Airbnb's stock has traded between a low of $110.38 and a high of $170.10. The company's current market capitalization stands at $79.45 billion, with a P/E ratio of 30.51. Other financial metrics include a debt-to-equity ratio of 0.24 and a quick ratio of 1.69.

Airbnb's Earnings Report

In its latest quarterly earnings report on February 13th, Airbnb announced earnings of $0.73 per share, exceeding the consensus estimate of $0.61 by $0.12. The company recorded a net margin of 23.85% and a return on equity of 32.29%. Analysts predict that Airbnb will achieve an earnings per share (EPS) of 4.31 for the current fiscal year.

Institutional Interest in Airbnb

Several institutional investors have recently modified their stakes in Airbnb. Notably, new acquisitions include Golden State Wealth Management LLC, Berbice Capital Management LLC, and Park Square Financial Group LLC, among others. Overall, approximately 80.76% of Airbnb's shares are currently owned by institutional investors and hedge funds.

Analyst Ratings for Airbnb

Market analysts have expressed varying opinions about Airbnb's stock. For example, UBS Group raised their target price from $143.00 to $160.00, maintaining a "neutral" rating. Other firms like Baird R W and Jefferies Financial Group have also recently updated their ratings and price targets. As it stands, the stock has a consensus rating of "Hold" with an average target price of $148.15, according to MarketBeat.

About Airbnb, Inc.

Airbnb, Inc. is a platform that connects hosts and guests, allowing users to book accommodations and experiences worldwide. The company's offerings primarily include private rooms, vacation homes, and unique lodgings.

Conclusion

Brian Chesky’s recent stock sales highlight a moment of adjustment for a key leader in a leading company within the sharing economy. As market conditions evolve, both executive movements and analyst ratings will be crucial for potential investors to monitor.

Chesky, Airbnb, Stocks