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

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $182.86, for a total value of $2,489,638.90. Following the completion of the sale, the insider owned 24,194 shares of the company’s stock, valued at approximately $4,424,114.84. This trade represents a 36.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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

• 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 shares were 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 shares were 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 shares were sold at an average price of $145.09, for a total value of $306,575.17.
• On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46.

Airbnb Trading Up 1.7%

NASDAQ ABNB opened at $186.39 on Thursday. The stock’s 50 day moving average is $151.98 and its 200 day moving average is $138.77. 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 firm has a market capitalization of $111.61 billion, a PE ratio of 42.36, a P/E/G ratio of 2.12 and a beta of 1.14. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $189.20.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The firm had revenue of $3.61 billion for 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%. During the same quarter in the previous year, the business posted $1.03 EPS. The company’s quarterly revenue was up 16.3% on a year-over-year basis. Research analysts forecast that Airbnb, Inc. will post 5.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently modified their holdings of the business. Transamerica Financial Advisors LLC raised its position in Airbnb by 143.6% in the 4th 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 last quarter. Entrust Financial LLC purchased a new position in shares of Airbnb during the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. lifted its position in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Sunbelt Securities Inc. boosted its holdings in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC purchased a new stake in Airbnb in the third quarter worth approximately $27,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on ABNB shares. Wells Fargo & Company raised their price objective on Airbnb from $181.00 to $186.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. The Goldman Sachs Group set a $170.00 price target on shares of Airbnb in a research note on Tuesday, July 28th. Scotiabank initiated coverage on shares of Airbnb in a research report on Monday, May 4th. They set an “outperform” rating on the stock. Barclays raised their price objective on shares of Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Finally, Rodman & Renshaw started coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $172.00.

Airbnb Company Profile

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.