Airbnb (NASDAQ:ABNB) Insider Sells $385,959.97 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 3,307 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was sold at an average price of $116.71, for a total value of $385,959.97. Following the completion of the transaction, the insider directly owned 175,793 shares in the company, valued at approximately $20,516,801.03. This trade represents a 1.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Airbnb Stock Performance

ABNB traded down $0.30 during trading on Tuesday, hitting $118.50. 6,584,417 shares of the stock were exchanged, compared to its average volume of 5,180,614. The firm has a 50 day simple moving average of $121.70 and a 200 day simple moving average of $127.80. The firm has a market cap of $72.94 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.06 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.13 earnings per share. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

A number of large investors have recently made changes to their positions in ABNB. Arkadios Wealth Advisors grew its stake in Airbnb by 88.1% during the 1st quarter. Arkadios Wealth Advisors now owns 5,580 shares of the company’s stock worth $667,000 after buying an additional 2,613 shares during the last quarter. Harbour Investments Inc. raised its stake in Airbnb by 12.2% in the first quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after buying an additional 80 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in Airbnb in the first quarter worth about $644,000. PNC Financial Services Group Inc. grew its stake in shares of Airbnb by 1.4% during the first quarter. PNC Financial Services Group Inc. now owns 106,171 shares of the company’s stock worth $12,683,000 after acquiring an additional 1,464 shares during the last quarter. Finally, Banco Santander S.A. increased its holdings in shares of Airbnb by 345.9% during the first quarter. Banco Santander S.A. now owns 12,650 shares of the company’s stock valued at $1,511,000 after acquiring an additional 9,813 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent research reports. Jefferies Financial Group cut their target price on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. Zacks Research raised shares of Airbnb to a “hold” rating in a report on Tuesday, August 12th. BNP Paribas started coverage on shares of Airbnb in a research note on Monday, November 24th. They issued a “hold” rating for the company. Finally, UBS Group upped their target price on Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $143.58.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.