Nathan Blecharczyk Sells 39,806 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 39,806 shares of Airbnb stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $120.22, for a total transaction of $4,785,477.32. Following the transaction, the insider owned 130,825 shares in the company, valued at $15,727,781.50. The trade was a 23.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Tuesday, December 9th, Nathan Blecharczyk sold 36,370 shares of Airbnb stock. The shares were sold at an average price of $123.24, for a total value of $4,482,238.80.
• On Monday, December 8th, Nathan Blecharczyk sold 141,063 shares of Airbnb stock. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48.
• On Friday, December 5th, Nathan Blecharczyk sold 30,311 shares of Airbnb stock. The shares were sold at an average price of $123.70, for a total value of $3,749,470.70.
• On Friday, December 5th, Nathan Blecharczyk sold 23,761 shares of Airbnb stock. The shares were sold at an average price of $122.70, for a total value of $2,915,474.70.
• On Thursday, December 4th, Nathan Blecharczyk sold 77,527 shares of Airbnb stock. The stock was sold at an average price of $120.52, for a total value of $9,343,554.04.
• On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The stock was sold at an average price of $116.71, for a total value of $385,959.97.

Airbnb Stock Up 0.3%

ABNB opened at $128.39 on Friday. The firm’s 50 day moving average is $121.99 and its 200-day moving average is $127.42. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The firm has a market capitalization of $79.03 billion, a P/E ratio of 30.50, a P/E/G ratio of 2.25 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last announced 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). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company posted $2.13 earnings per share. Airbnb’s revenue for the quarter was up 9.9% compared to the same quarter last year. Equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Harris Associates L P lifted its position in shares of Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock worth $1,188,024,000 after buying an additional 4,598,125 shares during the last quarter. Independent Franchise Partners LLP bought a new stake in shares of Airbnb during the 3rd quarter valued at about $505,672,000. Norges Bank acquired a new stake in Airbnb during the second quarter worth about $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock worth $403,782,000 after acquiring an additional 2,724,682 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Airbnb by 81.0% in the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after acquiring an additional 1,916,676 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ABNB shares. UBS Group lifted their target price on Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research report on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating and set a $165.00 price objective on shares of Airbnb in a research note on Friday, November 7th. Truist Financial lifted their price objective on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Finally, BNP Paribas Exane assumed coverage on shares of Airbnb in a research report on Monday, November 24th. They set a “neutral” rating for the company. Three 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 given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $143.88.

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.