Airbnb (NASDAQ:ABNB) Insider Sells 2,113 Shares

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 2,113 shares of the stock in a transaction dated Thursday, June 25th. The shares were sold at an average price of $145.09, for a total value of $306,575.17. Following the completion of the transaction, the insider owned 12,370 shares in the company, valued at approximately $1,794,763.30. The trade was a 14.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46.
  • On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The shares were sold at an average price of $131.40, for a total value of $359,904.60.
  • On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The shares were 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 stock was 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 stock was 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 NASDAQ ABNB traded up $3.68 during mid-day trading on Friday, reaching $145.56. The company had a trading volume of 6,085,140 shares, compared to its average volume of 4,210,424. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm has a 50 day simple moving average of $137.20 and a two-hundred day simple moving average of $132.76. The stock has a market cap of $87.73 billion, a P/E ratio of 35.85, a PEG ratio of 1.55 and a beta of 1.16. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.58.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share 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 company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period last year, the firm earned $0.24 earnings per share. Airbnb’s revenue was up 17.9% on a year-over-year basis. Sell-side analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Institutional Investors Weigh In On Airbnb

Large investors have recently modified their holdings of the stock. Harris Associates L P grew its position in Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after buying an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Airbnb in the 3rd quarter worth $505,672,000. Norges Bank acquired a new stake in shares of Airbnb in the 4th quarter worth $480,332,000. Jennison Associates LLC boosted its holdings in shares of Airbnb by 9,331.0% in the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock valued at $400,681,000 after acquiring an additional 3,139,315 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after acquiring an additional 2,724,682 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ABNB shares. DA Davidson raised their price target on Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Weiss Ratings raised Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. UBS Group lifted their target price on shares of Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $173.00 price target on shares of Airbnb in a research report on Thursday, May 21st. Finally, Susquehanna increased their price target on shares of Airbnb from $150.00 to $170.00 and gave the stock a “positive” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $157.96.

View Our Latest Analysis on ABNB

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.

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

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