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

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $172.36, for a total value of $2,346,681.40. Following the completion of the transaction, the insider owned 20,567 shares of the company’s stock, valued at $3,544,928.12. The trade was a 39.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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 value of $2,549,681.05.
• On Friday, August 28th, Nathan Blecharczyk sold 57,160 shares of Airbnb stock. The shares were sold at an average price of $190.71, for a total value 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 value 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 value 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 shares were 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 shares were 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.

Airbnb Trading Down 0.5%

Shares of ABNB stock traded down $0.81 during trading hours on Wednesday, hitting $167.51. The company had a trading volume of 3,167,579 shares, compared to its average volume of 4,263,520. The company’s fifty day moving average is $166.45 and its 200 day moving average is $146.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The stock has a market capitalization of $100.30 billion, a PE ratio of 38.07, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter last year, the company posted $1.03 EPS. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. Research analysts expect that Airbnb, Inc. will post 5.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on ABNB. Citigroup increased their target price on Airbnb from $175.00 to $193.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Robert W. Baird lifted their target price on Airbnb from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Royal Bank Of Canada set a $165.00 price target on shares of Airbnb in a research note on Monday, August 10th. Canaccord Genuity Group set a $200.00 price target on shares of Airbnb in a research report on Friday, August 7th. Finally, Morgan Stanley began coverage on shares of Airbnb in a research note on Wednesday. They issued an “equal weight” rating and a $170.00 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $181.42.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently bought and sold shares of the stock. Anchor Investment Management LLC grew its position in shares of Airbnb by 1,236.7% during the second quarter. Anchor Investment Management LLC now owns 401 shares of the company’s stock worth $57,000 after acquiring an additional 371 shares during the last quarter. Reynders McVeigh Capital Management LLC raised its position in Airbnb by 1.0% in the 2nd quarter. Reynders McVeigh Capital Management LLC now owns 149,240 shares of the company’s stock valued at $21,356,000 after purchasing an additional 1,492 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Airbnb by 0.9% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 15,571 shares of the company’s stock valued at $2,228,000 after purchasing an additional 132 shares during the last quarter. Van Hulzen Asset Management LLC boosted its stake in Airbnb by 281.2% during the 2nd quarter. Van Hulzen Asset Management LLC now owns 28,777 shares of the company’s stock worth $4,118,000 after purchasing an additional 21,227 shares during the period. Finally, National Pension Service boosted its stake in Airbnb by 4.6% during the 2nd quarter. National Pension Service now owns 756,339 shares of the company’s stock worth $108,232,000 after purchasing an additional 33,546 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.