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

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $182.86, for a total value of $2,489,638.90. Following the sale, the insider owned 24,194 shares in the company, valued at approximately $4,424,114.84. The trade was a 36.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• 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 transaction of $92,611,710.00.
• On Monday, August 3rd, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was 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 Stock Performance

NASDAQ:ABNB opened at $185.00 on Friday. 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 stock has a market capitalization of $110.78 billion, a PE ratio of 42.05, a P/E/G ratio of 2.16 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $189.20. The company has a fifty day moving average of $153.06 and a two-hundred day moving average of $139.16.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The business’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 5.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the topic of a number of research analyst reports. The Goldman Sachs Group set a $170.00 target price on Airbnb in a research report on Tuesday, July 28th. CICC Research initiated coverage on Airbnb in a research report on Friday, June 5th. They set an “outperform” rating and a $165.00 price objective for the company. KeyCorp restated a “sector weight” rating on shares of Airbnb in a report on Monday, August 10th. Barclays boosted their price objective on shares of Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Citizens Jmp upped their target price on shares of Airbnb from $170.00 to $190.00 and gave the company a “market outperform” rating in a research report on Friday, August 7th. 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Airbnb presently has an average rating of “Moderate Buy” and a consensus target price of $172.00.

Institutional Trading of Airbnb

Institutional investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC grew its holdings 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 last quarter. Entrust Financial LLC purchased a new stake in Airbnb during the 4th quarter valued at 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 acquired a new position in shares of Airbnb in the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.