Airbnb (NASDAQ:ABNB) Insider Sells $2,489,638.90 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $182.86, for a total value of $2,489,638.90. Following the completion of the sale, the insider owned 24,194 shares in the company, valued at approximately $4,424,114.84. This represents a 36.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, August 20th, Nathan Blecharczyk sold 2,738 shares of Airbnb stock. The stock was sold at an average price of $184.42, for a total transaction of $504,941.96.
• On Friday, August 7th, Nathan Blecharczyk sold 531,000 shares of Airbnb stock. The shares were sold at an average price of $174.41, for a total transaction of $92,611,710.00.
• On Monday, August 3rd, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $151.80, for a total transaction of $2,066,757.00.
• On Monday, July 20th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $145.43, for a total transaction 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 transaction of $2,020,057.55.
• On Friday, June 26th, Nathan Blecharczyk sold 31,033 shares of Airbnb stock. The stock was sold at an average price of $146.43, for a total transaction of $4,544,162.19.
• On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The stock was sold at an average price of $145.09, for a total transaction 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 transaction of $12,884,646.46.

Airbnb Price Performance

NASDAQ:ABNB opened at $187.30 on Friday. Airbnb, Inc. has a one year low of $110.81 and a one year high of $189.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market cap of $112.15 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 2.14 and a beta of 1.14. The firm’s fifty day moving average is $154.16 and its two-hundred day moving average is $139.50.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The firm’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. Research analysts expect that Airbnb, Inc. will post 5.22 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Large investors have recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI grew its holdings in Airbnb by 1.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock valued at $727,000 after purchasing an additional 76 shares during the period. BOKF NA raised its stake in shares of Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after buying an additional 78 shares during the period. Private Advisor Group LLC lifted its position in shares of Airbnb by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after buying an additional 86 shares in the last quarter. FSB Premier Wealth Management Inc. lifted its position in shares of Airbnb by 3.4% during the 4th quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock valued at $365,000 after buying an additional 89 shares in the last quarter. Finally, Norman Fields Gottscho Capital Management LLC grew its stake in Airbnb by 3.0% in the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock valued at $441,000 after acquiring an additional 90 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Truist Financial lifted their price target on Airbnb from $129.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, June 12th. HC Wainwright upgraded Airbnb to a “buy” rating in a research report on Monday, May 4th. Morgan Stanley raised their price objective on shares of Airbnb from $120.00 to $125.00 and gave the stock an “underweight” rating in a research note on Thursday, July 30th. Wells Fargo & Company lifted their target price on shares of Airbnb from $181.00 to $186.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Finally, Phillip Securities cut shares of Airbnb from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Airbnb has an average rating of “Moderate Buy” and an average target price of $172.00.

Airbnb Company Profile

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.