Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells 36,370 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 36,370 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $123.24, for a total transaction of $4,482,238.80. Following the completion of the sale, the insider owned 11,520 shares of the company’s stock, valued at approximately $1,419,724.80. This trade represents a 75.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Nathan Blecharczyk also recently made the following trade(s):

• On Monday, December 8th, Nathan Blecharczyk sold 141,063 shares of Airbnb stock. The stock was sold at an average price of $121.96, for a total value of $17,204,043.48.
• On Friday, December 5th, Nathan Blecharczyk sold 30,311 shares of Airbnb stock. The shares were sold at an average price of $123.70, for a total value of $3,749,470.70.
• On Friday, December 5th, Nathan Blecharczyk sold 23,761 shares of Airbnb stock. The stock was sold at an average price of $122.70, for a total value of $2,915,474.70.
• On Thursday, December 4th, Nathan Blecharczyk sold 77,527 shares of Airbnb stock. The shares were sold at an average price of $120.52, for a total transaction of $9,343,554.04.
• On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The stock was sold at an average price of $116.71, for a total transaction of $385,959.97.

Airbnb Price Performance

Airbnb stock traded up $2.18 during mid-day trading on Wednesday, reaching $127.57. 4,721,337 shares of the company traded hands, compared to its average volume of 5,158,747. The firm’s fifty day moving average is $121.59 and its two-hundred day moving average is $127.40. The company has a market capitalization of $78.53 billion, a price-to-earnings ratio of 30.30, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company earned $2.13 earnings per share. Airbnb’s revenue was up 9.9% on a year-over-year basis. As a group, equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Harris Associates L P raised its position in shares of Airbnb by 86.0% during the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after purchasing an additional 4,598,125 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Airbnb in the third quarter worth approximately $505,672,000. Norges Bank purchased a new stake in shares of Airbnb during the second quarter worth approximately $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after purchasing an additional 2,724,682 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after purchasing an additional 1,916,676 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on ABNB shares. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. BNP Paribas started coverage on Airbnb in a research note on Monday, November 24th. They issued a “hold” rating on the stock. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $165.00 target price on shares of Airbnb in a report on Friday, November 7th. Finally, Wedbush reiterated a “neutral” rating and set a $130.00 price target on shares of Airbnb in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and a consensus target price of $143.88.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.