Nathan Blecharczyk Sells 150,640 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 150,640 shares of the business’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $190.94, for a total value of $28,763,201.60. Following the sale, the insider owned 20,567 shares in the company, valued at approximately $3,927,062.98. This trade represents a 87.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The shares were sold at an average price of $190.28, for a total transaction of $38,560,622.56.
  • 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.
  • 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 value of $12,884,646.46.

Airbnb Stock Performance

NASDAQ ABNB opened at $184.40 on Friday. The company has a market capitalization of $110.42 billion, a price-to-earnings ratio of 41.91, a PEG ratio of 2.18 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $193.45. The stock has a fifty day simple moving average of $157.96 and a 200 day simple moving average of $141.41.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. Sell-side analysts expect that Airbnb, Inc. will post 5.23 EPS for the current year.

Analyst Ratings Changes

Several analysts recently commented on ABNB shares. HC Wainwright upgraded Airbnb to a “buy” rating in a report on Monday, May 4th. Morgan Stanley raised their price target on shares of Airbnb from $120.00 to $125.00 and gave the stock an “underweight” rating in a report on Thursday, July 30th. Robert W. Baird boosted their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Monday, June 29th. 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, Canaccord Genuity Group set a $200.00 price objective on shares of Airbnb in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $174.03.

Get Our Latest Research Report on ABNB

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ABNB. North Dakota State Investment Board bought a new position in Airbnb during the fourth quarter worth $2,785,000. 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 worth $10,663,000 after purchasing an additional 9,294 shares during the period. Carmignac Gestion increased its stake in Airbnb by 40.8% in the first quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock valued at $83,290,000 after purchasing an additional 191,200 shares in the last quarter. Oxbow Advisors LLC increased its stake in Airbnb by 122.9% in the fourth quarter. Oxbow Advisors LLC now owns 50,414 shares of the company’s stock valued at $6,842,000 after purchasing an additional 27,793 shares in the last quarter. Finally, Danske Bank A S raised its holdings in shares of Airbnb by 11.0% during the fourth quarter. Danske Bank A S now owns 235,557 shares of the company’s stock valued at $31,970,000 after purchasing an additional 23,422 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

About Airbnb

(Get Free Report)

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.

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