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

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 19,659 shares of Airbnb stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $190.73, for a total value of $3,749,561.07. Following the sale, the insider directly 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The shares were 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 transaction of $2,489,638.90.
• 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 transaction 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 transaction 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 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 Price Performance

Airbnb stock opened at $189.43 on Friday. The stock’s fifty day moving average price is $158.90 and its two-hundred day moving average price is $141.74. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $113.43 billion, a PE ratio of 43.05, a price-to-earnings-growth ratio of 2.13 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 firm had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The company’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.03 EPS. As a group, research analysts expect that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ABNB shares. Jefferies Financial Group upped their price objective on shares of Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Raymond James Financial raised shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Wells Fargo & Company upped their price target on shares of Airbnb from $181.00 to $186.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. CICC Research began coverage on shares of Airbnb in a report on Friday, June 5th. They set an “outperform” rating and a $165.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $170.00 price target on shares of Airbnb in a research report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Airbnb has an average rating of “Moderate Buy” and an average price target of $174.03.

Institutional Trading of Airbnb

Hedge funds have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC lifted its stake in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the last quarter. Entrust Financial LLC bought a new stake in Airbnb during the 4th quarter worth $27,000. Meeder Asset Management Inc. grew 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 last quarter. Sunbelt Securities Inc. increased its holdings in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC acquired a new position in Airbnb in the 3rd quarter worth about $27,000. Institutional investors and hedge funds 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.