Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $2,248,925.70 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $165.18, for a total value of $2,248,925.70. Following the transaction, the insider directly owned 20,567 shares of the company’s stock, valued at $3,397,257.06. This represents a 39.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, September 28th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were 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 transaction of $2,549,681.05.
• On Friday, August 28th, Nathan Blecharczyk sold 57,160 shares of Airbnb stock. The stock was 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 shares were sold at an average price of $190.73, for a total transaction 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 transaction 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 shares were sold at an average price of $182.86, for a total transaction 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 transaction of $92,611,710.00.

Airbnb Stock Performance

Shares of ABNB stock opened at $173.70 on Friday. The firm has a market capitalization of $104.01 billion, a price-to-earnings ratio of 39.48, a PEG ratio of 1.99 and a beta of 1.24. 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 business’s 50-day moving average price is $172.87 and its 200-day moving average price is $151.27. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same period in the previous year, the business earned $1.03 EPS. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. Equities research analysts forecast that Airbnb, Inc. will post 5.28 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Raymond James Financial raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $200.00 price objective on the stock in a report on Tuesday, September 8th. Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a report on Monday. Truist Financial increased their target price on shares of Airbnb from $134.00 to $161.00 and gave the stock a “hold” rating in a research note on Thursday, September 10th. Benchmark lifted their price target on Airbnb from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “buy” rating and set a $210.00 price objective (up from $180.00) on shares of Airbnb in a report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $181.93.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. lifted its holdings in shares of Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Pension & Wealth Management Advisors Inc. purchased a new position in Airbnb in the 3rd quarter worth approximately $35,000. Nalls Sherbakoff Group LLC purchased a new stake in Airbnb during the 4th quarter valued at $31,000. Main Street Group LTD bought a new position in shares of Airbnb during the first quarter valued at $29,000. Finally, Western Wealth Management LLC purchased a new position in Airbnb in the 1st quarter worth about $34,000. Institutional investors own 80.76% of the company’s stock.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.