Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $306,575.17 in Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 2,113 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $145.09, for a total transaction of $306,575.17. Following the sale, the insider directly owned 12,370 shares of the company’s stock, valued at approximately $1,794,763.30. The trade was a 14.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

  • 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 transaction of $12,884,646.46.
  • 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 transaction 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 stock was 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 value 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 value of $1,565,359.25.

Airbnb Price Performance

ABNB stock opened at $145.56 on Monday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.58. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock’s 50 day moving average is $137.36 and its 200-day moving average is $132.93. The firm has a market capitalization of $87.73 billion, a PE ratio of 35.85, a P/E/G ratio of 1.56 and a beta of 1.16.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.24 EPS. Sell-side analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

Institutional Investors Weigh In On Airbnb

Several large investors have recently made changes to their positions in ABNB. Caxton Associates LLP purchased a new stake in Airbnb during the first quarter worth about $258,000. Intech Investment Management LLC boosted its stake in Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after acquiring an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock valued at $776,000 after acquiring an additional 927 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Airbnb during the 2nd quarter valued at approximately $411,000. Finally, NewEdge Advisors LLC grew its position in shares of Airbnb by 9.8% during the 2nd quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after acquiring an additional 4,811 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Airbnb from $130.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, May 8th. B. Riley Financial restated a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Jefferies Financial Group set a $160.00 price objective on shares of Airbnb in a research report on Friday, June 5th. Morgan Stanley downgraded shares of Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. Finally, Cantor Fitzgerald upgraded shares of Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $157.96.

View Our Latest Analysis on ABNB

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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