Nathan Blecharczyk Sells 13,615 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $151.80, for a total transaction of $2,066,757.00. Following the completion of the sale, the insider owned 12,370 shares of the company’s stock, valued at approximately $1,877,766. The trade was a 52.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, July 20th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $145.43, for a total value of $1,980,029.45.
• On Monday, July 6th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $148.37, for a total value of $2,020,057.55.
• On Friday, June 26th, Nathan Blecharczyk sold 31,033 shares of Airbnb stock. The shares were sold at an average price of $146.43, for a total value of $4,544,162.19.
• On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The shares were sold at an average price of $145.09, for a total value of $306,575.17.
• On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46.
• On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The stock was sold at an average price of $131.40, for a total value of $359,904.60.
• On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The stock was sold at an average price of $145.67, for a total value of $91,335.09.
• On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $2.57 during trading on Wednesday, hitting $152.49. 4,076,578 shares of the company were exchanged, compared to its average volume of 4,066,802. The company has a market cap of $91.91 billion, a price-to-earnings ratio of 37.56, a PEG ratio of 1.61 and a beta of 1.14. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $156.50. The firm’s fifty day moving average price is $142.33 and its 200 day moving average price is $135.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. On average, sell-side analysts expect that Airbnb, Inc. will post 4.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently modified their holdings of the company. North Dakota State Investment Board purchased a new position in shares of Airbnb during the 4th quarter worth about $2,785,000. Merit Financial Group LLC grew its holdings in Airbnb by 72.1% in the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after purchasing an additional 13,818 shares during the period. North Star Asset Management Inc. grew its holdings in Airbnb by 13.4% in the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after purchasing an additional 9,294 shares during the period. Oxbow Advisors LLC increased its position in Airbnb by 122.9% during the fourth quarter. Oxbow Advisors LLC now owns 50,414 shares of the company’s stock worth $6,842,000 after purchasing an additional 27,793 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp increased its position in Airbnb by 18.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock worth $30,305,000 after purchasing an additional 34,573 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the subject of a number of research analyst reports. Rodman & Renshaw started coverage on shares of Airbnb in a report on Monday, May 4th. They issued a “buy” rating for the company. HC Wainwright upgraded Airbnb to a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Oppenheimer raised Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a report on Monday, May 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.65.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.