Airbnb (NASDAQ:ABNB) Insider Sells $2,325,578.15 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the company’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $170.81, for a total transaction of $2,325,578.15. Following the completion of the sale, the insider owned 20,567 shares of the company’s stock, valued at $3,513,049.27. This represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Monday, October 12th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $165.18, for a total value of $2,248,925.70.
• On Monday, September 28th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $156.82, for a total value of $2,135,104.30.
• On Monday, September 14th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $172.36, for a total value of $2,346,681.40.
• On Monday, August 31st, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $187.27, for a total value of $2,549,681.05.
• On Friday, August 28th, Nathan Blecharczyk sold 57,160 shares of Airbnb stock. The shares were sold at an average price of $190.71, for a total value of $10,900,983.60.
• On Wednesday, August 26th, Nathan Blecharczyk sold 19,659 shares of Airbnb stock. The stock was sold at an average price of $190.73, for a total value of $3,749,561.07.
• On Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The stock was 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 transaction of $504,941.96.
• On Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $182.86, for a total transaction of $2,489,638.90.

Airbnb Price Performance

Shares of Airbnb stock opened at $164.39 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm has a fifty day simple moving average of $170.39 and a 200-day simple moving average of $146.67. The stock has a market capitalization of $98.44 billion, a price-to-earnings ratio of 37.36, a PEG ratio of 1.90 and a beta of 1.24. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. Airbnb’s revenue was up 16.3% compared to the same quarter last year. During the same period last year, the business posted $1.03 EPS. On average, sell-side analysts expect that Airbnb, Inc. will post 5.29 earnings per share for the current year.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb’s planned commitment of $500 million over five years to provide as many as 1 million free nights annually for people in crisis could strengthen the company’s brand and social-impact profile over the long term. Airbnb’s next big bet: 1 million free nights a year for people in crisis
• Positive Sentiment: Analyst sentiment remains broadly favorable, with a “Moderate Buy” consensus and an average price target of $182.43. Airbnb’s asset-light model, global reach and previous quarterly revenue growth also support the long-term investment case.
• Neutral Sentiment: Airbnb is scheduled to report quarterly results next week. Analysts expect earnings growth, but previews suggest the company may lack the two key factors typically associated with a likely earnings beat, raising uncertainty around the report. Airbnb earnings expected to grow
• Negative Sentiment: A new house-rules policy taking effect November 20 will prevent hosts from requiring guests to perform time-consuming cleaning tasks. Some hosts are threatening to boycott the platform, leave Airbnb or raise cleaning fees, creating potential risks for listings, pricing and bookings. Airbnb hosts threaten boycott and higher cleaning fees over new guest chore policy
• Negative Sentiment: New U.K. tax measures targeting landlords and short-term-rental owners are expected to impose an estimated £800 million burden on Airbnb owners, potentially reducing host supply or increasing prices in an important market. Airbnb owners hit by £800m tax raid
• Negative Sentiment: Co-founder Nathan Blecharczyk sold 13,615 shares for approximately $2.33 million, reducing his direct ownership by 39.83%. The sale may weigh on sentiment, although insider transactions do not necessarily indicate weakening fundamentals. SEC insider transaction filing

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ABNB. KeyCorp started coverage on Airbnb in a research note on Friday, October 2nd. They set a “sector weight” rating for the company. DA Davidson lifted their price target on Airbnb from $175.00 to $220.00 and gave the stock a “buy” rating in a research report on Monday, August 31st. Rosenblatt Securities started coverage on Airbnb in a report on Tuesday, September 1st. They set a “buy” rating and a $220.00 price target for the company. Wedbush raised Airbnb from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $152.00 to $200.00 in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $190.00 price objective (up from $175.00) on shares of Airbnb in a research note on Monday, August 31st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average price target of $182.43.

Institutional Trading of Airbnb

Several institutional investors have recently modified their holdings of the business. Putney Financial Group LLC bought a new stake in shares of Airbnb during the third quarter worth $32,000. Meeder Asset Management Inc. raised its holdings in shares of Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares in the last quarter. Compass Financial Management LLC lifted its stake in Airbnb by 760.0% in the third quarter. Compass Financial Management LLC now owns 215 shares of the company’s stock worth $35,000 after acquiring an additional 190 shares during the period. Pension & Wealth Management Advisors Inc. bought a new position in Airbnb during the 3rd quarter worth about $35,000. Finally, Main Street Group LTD bought a new position in Airbnb during the 1st quarter worth about $29,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.