Nathan Blecharczyk Sells 19,659 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 19,659 shares of Airbnb stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $190.73, for a total transaction of $3,749,561.07. Following the completion of the transaction, the insider owned 20,567 shares of the company’s stock, valued at $3,922,743.91. This represents a 48.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 stock was 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 shares were 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 shares were 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 stock was 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 stock was sold at an average price of $145.09, for a total value of $306,575.17.

Airbnb Stock Up 2.7%

ABNB traded up $5.03 on Friday, reaching $189.43. The company’s stock had a trading volume of 4,829,333 shares, compared to its average volume of 4,265,319. The company has a market capitalization of $113.43 billion, a price-to-earnings ratio of 43.05, a P/E/G ratio of 2.18 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average of $157.96 and a two-hundred day moving average of $141.41.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 EPS. As a group, analysts forecast that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research analyst reports. Jefferies Financial Group lifted their target price on Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Oppenheimer upped their target price on Airbnb from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Weiss Ratings upgraded Airbnb from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Truist Financial lifted their price target on Airbnb from $129.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, June 12th. Finally, UBS Group boosted their price objective on Airbnb from $163.00 to $172.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $174.03.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the business. Transamerica Financial Advisors LLC boosted its stake in shares of Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 112 shares during the period. Entrust Financial LLC acquired a new stake in Airbnb during the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its position in 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 acquiring an additional 105 shares during the period. Sunbelt Securities Inc. grew its stake in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in shares of Airbnb in the 3rd quarter valued at approximately $27,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.