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

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 19,659 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $190.73, for a total transaction of $3,749,561.07. Following the completion of the transaction, the insider directly owned 20,567 shares in the company, valued at $3,922,743.91. This trade represents a 48.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 value of $38,560,622.56.
• On Monday, August 24th, Nathan Blecharczyk sold 150,640 shares of Airbnb stock. The shares were sold at an average price of $190.94, for a total value of $28,763,201.60.
• On Thursday, August 20th, Nathan Blecharczyk sold 2,738 shares of Airbnb stock. The shares were sold at an average price of $184.42, for a total value of $504,941.96.
• On Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $182.86, for a total value 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 value of $92,611,710.00.
• On Monday, August 3rd, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $151.80, for a total value 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 Trading Up 2.7%

NASDAQ:ABNB traded up $5.03 on Friday, reaching $189.43. The company’s stock had a trading volume of 4,829,333 shares, compared to its average volume of 4,265,319. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $193.45. The stock has a 50 day moving average price of $157.96 and a 200 day moving average price of $141.41. The firm has a market cap of $113.43 billion, a price-to-earnings ratio of 43.05, a price-to-earnings-growth ratio of 2.18 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. The business 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 revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.03 EPS. On average, equities analysts anticipate that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ABNB. North Dakota State Investment Board acquired a new position in Airbnb during the 4th quarter worth $2,785,000. North Star Asset Management Inc. raised its position in Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after purchasing an additional 9,294 shares in the last quarter. Carmignac Gestion boosted its stake in shares of Airbnb by 40.8% in the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock valued at $83,290,000 after buying an additional 191,200 shares during the period. Oxbow Advisors LLC boosted its stake in shares of Airbnb by 122.9% in the 4th quarter. Oxbow Advisors LLC now owns 50,414 shares of the company’s stock valued at $6,842,000 after buying an additional 27,793 shares during the period. Finally, Danske Bank A S grew its position in shares of Airbnb by 11.0% during the fourth quarter. Danske Bank A S now owns 235,557 shares of the company’s stock worth $31,970,000 after buying an additional 23,422 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research analyst reports. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research note on Friday, August 7th. Oppenheimer increased their price objective on shares of Airbnb from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. UBS Group boosted their target price on Airbnb from $163.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Robert W. Baird upped their price target on Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Finally, Cantor Fitzgerald lifted their price objective on Airbnb from $140.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $174.03.

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.