Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $4,544,162.19 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 31,033 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $146.43, for a total transaction of $4,544,162.19. Following the transaction, the insider directly owned 77,600 shares in the company, valued at $11,362,968. The trade was a 28.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 transaction of $306,575.17.
• On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The shares were sold at an average price of $145.81, for a total transaction of $12,884,646.46.
• On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The stock was sold at an average price of $131.40, for a total transaction of $359,904.60.
• On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The stock was sold at an average price of $145.67, for a total value of $91,335.09.
• On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20.
• On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The shares were sold at an average price of $145.86, for a total value of $3,615,577.68.
• On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The stock was sold at an average price of $145.25, for a total value of $1,565,359.25.

Airbnb Stock Performance

ABNB stock traded down $4.07 during midday trading on Tuesday, hitting $143.10. The company’s stock had a trading volume of 3,231,379 shares, compared to its average volume of 4,211,354. The stock’s 50-day moving average price is $137.54 and its 200 day moving average price is $133.08. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $150.19. The stock has a market cap of $86.25 billion, a price-to-earnings ratio of 35.25, a PEG ratio of 1.56 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. On average, equities analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently added to or reduced their stakes in ABNB. Caxton Associates LLP purchased a new position in shares of Airbnb in the first quarter worth about $258,000. Intech Investment Management LLC boosted its holdings in Airbnb by 55.8% in the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after buying an additional 4,353 shares during the period. Sivia Capital Partners LLC boosted its holdings in Airbnb by 18.8% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after buying an additional 927 shares during the period. WINTON GROUP Ltd purchased a new position in Airbnb in the 2nd quarter valued at approximately $411,000. Finally, NewEdge Advisors LLC grew its stake in Airbnb by 9.8% in the 2nd quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after buying an additional 4,811 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABNB. Oppenheimer raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price objective on the stock in a research report on Monday, May 4th. Jefferies Financial Group set a $160.00 target price on shares of Airbnb in a research report on Friday, June 5th. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday, May 4th. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. Finally, Mizuho increased their price objective on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $158.36.

About Airbnb

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.