Nathan Blecharczyk Sells 4,260 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 4,260 shares of the firm’s stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the sale, the insider owned 49,250 shares of the company’s stock, valued at approximately $6,170,532.50. The trade was a 7.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, December 3rd, Nathan Blecharczyk sold 39,806 shares of Airbnb stock. The stock was sold at an average price of $120.22, for a total value of $4,785,477.32.
• 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 stock was 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 stock was 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 transaction 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 transaction of $385,959.97.

Airbnb Stock Up 5.1%

Shares of ABNB opened at $132.02 on Thursday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $145.69. The company has a 50-day simple moving average of $130.75 and a 200-day simple moving average of $126.02. The company has a market capitalization of $80.36 billion, a PE ratio of 32.68, a P/E/G ratio of 1.70 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s quarterly revenue was up 12.9% compared to the same quarter last year. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Airbnb by 3.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock valued at $116,873,000 after purchasing an additional 32,501 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Airbnb by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after buying an additional 31,120 shares during the last quarter. Cerity Partners LLC raised its position in shares of Airbnb by 18.1% in the 3rd quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock worth $44,297,000 after buying an additional 55,838 shares during the period. National Pension Service boosted its holdings in Airbnb by 1.1% in the third quarter. National Pension Service now owns 1,096,411 shares of the company’s stock valued at $133,126,000 after acquiring an additional 12,453 shares during the last quarter. Finally, Abacus FCF Advisors LLC boosted its holdings in Airbnb by 7.8% in the third quarter. Abacus FCF Advisors LLC now owns 135,577 shares of the company’s stock valued at $16,462,000 after acquiring an additional 9,864 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ABNB. Sanford C. Bernstein dropped their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research report on Tuesday, January 6th. B. Riley Financial raised shares of Airbnb from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $170.00 in a research note on Monday, January 12th. Truist Financial lifted their target price on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday, December 4th. Cantor Fitzgerald set a $121.00 price target on shares of Airbnb in a research report on Friday, February 13th. Finally, Morgan Stanley set a $120.00 price objective on shares of Airbnb in a research note on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and a consensus price target of $148.69.

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.