Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 88,366 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 88,366 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46. Following the completion of the transaction, the insider directly owned 12,370 shares of the company’s stock, valued at $1,803,669.70. This represents a 87.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • 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.
  • On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The shares were sold at an average price of $131.40, for a total value of $359,904.60.
  • On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The shares were sold at an average price of $145.67, for a total value of $91,335.09.
  • On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20.
  • On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The stock was sold at an average price of $145.86, for a total transaction of $3,615,577.68.
  • On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The stock was sold at an average price of $145.25, for a total transaction of $1,565,359.25.

Airbnb Stock Up 2.6%

Shares of NASDAQ:ABNB opened at $145.56 on Friday. The firm has a market cap of $87.73 billion, a PE ratio of 35.85, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company has a fifty day simple moving average of $137.36 and a 200 day simple moving average of $132.85. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.58.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of research reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $173.00 price target on shares of Airbnb in a research note on Thursday, May 21st. Oppenheimer upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research report on Monday, May 4th. Mizuho upped their price target on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Scotiabank initiated coverage on Airbnb in a research note on Monday, May 4th. They set an “outperform” rating on the stock. Finally, Tigress Financial decreased their price objective on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $157.96.

Check Out Our Latest Analysis on Airbnb

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

Hedge Funds Weigh In On Airbnb

Large investors have recently bought and sold shares of the business. Commerzbank Aktiengesellschaft FI raised its position in shares of Airbnb by 1.3% during the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after purchasing an additional 76 shares during the period. Patton Fund Management Inc. boosted its position in Airbnb by 4.3% during the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after purchasing an additional 77 shares during the period. BOKF NA boosted its position in Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after purchasing an additional 78 shares during the period. Yoder Wealth Management Inc. grew its stake in Airbnb by 0.3% during the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after buying an additional 84 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Airbnb by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after buying an additional 86 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

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.

Further Reading

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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