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

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the completion of the sale, the insider owned 20,567 shares in the company, valued at approximately $3,397,257.06. This trade represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, September 28th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $156.82, for a total transaction of $2,135,104.30.
• On Monday, September 14th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $172.36, for a total transaction of $2,346,681.40.
• On Monday, August 31st, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $187.27, for a total transaction of $2,549,681.05.
• On Friday, August 28th, Nathan Blecharczyk sold 57,160 shares of Airbnb stock. The stock was sold at an average price of $190.71, for a total transaction of $10,900,983.60.
• On Wednesday, August 26th, Nathan Blecharczyk sold 19,659 shares of Airbnb stock. The stock was sold at an average price of $190.73, for a total transaction of $3,749,561.07.
• On Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The stock was sold at an average price of $190.28, for a total transaction of $38,560,622.56.
• On Monday, August 24th, Nathan Blecharczyk sold 150,640 shares of Airbnb stock. The shares were sold at an average price of $190.94, for a total transaction of $28,763,201.60.
• 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 Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $182.86, for a total transaction of $2,489,638.90.
• On Friday, August 7th, Nathan Blecharczyk sold 531,000 shares of Airbnb stock. The stock was sold at an average price of $174.41, for a total transaction of $92,611,710.00.

Airbnb Price Performance

Shares of NASDAQ ABNB traded up $1.48 during trading on Wednesday, hitting $167.06. The company had a trading volume of 3,775,638 shares, compared to its average volume of 4,313,302. The company has a market cap of $100.03 billion, a P/E ratio of 37.97, a PEG ratio of 1.87 and a beta of 1.24. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $193.45. The business’s 50-day moving average is $172.22 and its 200 day moving average is $150.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion during 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 company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.03 EPS. Equities research analysts predict that Airbnb, Inc. will post 5.28 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of ABNB. Wedmont Private Capital grew its holdings in Airbnb by 1.7% in the 2nd quarter. Wedmont Private Capital now owns 4,517 shares of the company’s stock valued at $671,000 after buying an additional 75 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in shares of Airbnb by 1.3% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after acquiring an additional 76 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Airbnb by 11.4% in the 2nd quarter. Parkside Financial Bank & Trust now owns 800 shares of the company’s stock worth $114,000 after acquiring an additional 82 shares during the last quarter. Fermata Advisors LLC raised its holdings in shares of Airbnb by 5.7% during the 3rd quarter. Fermata Advisors LLC now owns 1,645 shares of the company’s stock worth $264,000 after acquiring an additional 88 shares during the period. Finally, Norman Fields Gottscho Capital Management LLC raised its holdings in shares of Airbnb by 3.0% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock worth $441,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Weiss Ratings upgraded Airbnb from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Rosenblatt Securities began coverage on Airbnb in a report on Tuesday, September 1st. They set a “buy” rating and a $220.00 price objective on the stock. Wedbush upgraded Airbnb from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $152.00 to $200.00 in a report on Friday, August 7th. Susquehanna upped their price objective on shares of Airbnb from $170.00 to $200.00 and gave the company a “positive” rating in a research note on Friday, August 7th. Finally, TD Cowen upgraded shares of Airbnb to a “strong-buy” rating in a report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $181.93.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.