Airbnb (NASDAQ:ABNB) Insider Sells $504,941.96 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 2,738 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $184.42, for a total value of $504,941.96. Following the sale, the insider owned 74,808 shares of the company’s stock, valued at approximately $13,796,091.36. This represents a 3.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 value 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 value 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 value 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 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 stock was 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 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 Stock Performance

NASDAQ:ABNB traded up $2.30 during mid-day trading on Friday, reaching $187.30. 4,245,327 shares of the company’s stock were exchanged, compared to its average volume of 4,254,229. 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 business’s fifty day simple moving average is $153.06 and its two-hundred day simple moving average is $139.16. The firm has a market capitalization of $112.15 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.58 billion. During the same quarter in the previous year, the firm posted $1.03 EPS. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. Analysts anticipate that Airbnb, Inc. will post 5.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Evercore restated an “outperform” rating and set a $190.00 price objective on shares of Airbnb in a research note on Friday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Airbnb in a research report on Friday, August 7th. Truist Financial increased their target price on Airbnb from $129.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, June 12th. Scotiabank started coverage on Airbnb in a research report on Monday, May 4th. They issued an “outperform” rating on the stock. Finally, Canaccord Genuity Group set a $200.00 price target on Airbnb in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $172.00.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ABNB. Transamerica Financial Advisors LLC boosted its holdings in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new position in shares of Airbnb during the 4th quarter worth $27,000. Meeder Asset Management Inc. lifted its position in shares of Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after buying an additional 105 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in Airbnb in the third quarter valued at about $27,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.