Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $12,884,646.46 in Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 88,366 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total transaction of $12,884,646.46. Following the sale, the insider directly owned 12,370 shares of the company’s stock, valued at approximately $1,803,669.70. This trade represents a 87.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

  • On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The shares were sold at an average price of $145.09, for a total transaction of $306,575.17.
  • 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 transaction 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 transaction 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 transaction of $3,615,577.68.
  • On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The shares were sold at an average price of $145.25, for a total transaction of $1,565,359.25.

Airbnb Stock Up 2.6%

Shares of ABNB stock traded up $3.68 on Friday, reaching $145.56. 6,085,140 shares of the company were exchanged, compared to its average volume of 4,210,424. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The company has a 50-day moving average of $137.20 and a 200-day moving average of $132.76. The company has a market cap of $87.73 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.55 and a beta of 1.16. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.58.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Rodman & Renshaw assumed coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating on the stock. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. Benchmark upped their price objective on shares of Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Robert W. Baird set a $150.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $157.96.

Get Our Latest Stock Analysis on ABNB

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

Institutional Investors Weigh In On Airbnb

Institutional investors have recently bought and sold shares of the stock. Basecamp Wealth Advisors LLC raised its position in Airbnb by 99.6% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 521 shares of the company’s stock valued at $66,000 after buying an additional 260 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Airbnb by 2.5% during the 1st quarter. Pacer Advisors Inc. now owns 2,325,214 shares of the company’s stock worth $293,628,000 after acquiring an additional 56,250 shares during the last quarter. Carmignac Gestion boosted its holdings in Airbnb by 40.8% during the 1st quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock worth $83,290,000 after acquiring an additional 191,200 shares during the last quarter. Glenmede Trust Co. NA grew its stake in shares of Airbnb by 0.3% in the 1st quarter. Glenmede Trust Co. NA now owns 124,185 shares of the company’s stock worth $15,682,000 after acquiring an additional 331 shares in the last quarter. Finally, Wellington Grp LLC bought a new stake in shares of Airbnb in the 1st quarter worth $48,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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