Nathan Blecharczyk Sells 202,652 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 202,652 shares of Airbnb stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $190.28, for a total value of $38,560,622.56. Following the completion of the sale, the insider directly owned 179,567 shares in the company, valued at approximately $34,168,008.76. This represents a 53.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 stock was 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 transaction of $2,489,638.90.
• On Friday, August 7th, Nathan Blecharczyk sold 531,000 shares of Airbnb stock. The shares were sold at an average price of $174.41, for a total transaction of $92,611,710.00.
• On Monday, August 3rd, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $151.80, for a total transaction 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 transaction of $4,544,162.19.
• 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, 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 transaction of $12,884,646.46.

Airbnb Trading Down 2.0%

Airbnb stock opened at $184.40 on Friday. The firm has a 50-day moving average of $157.96 and a 200-day moving average of $141.41. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $110.42 billion, a price-to-earnings ratio of 41.91, a P/E/G ratio of 2.18 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.11. The company 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%.Airbnb’s revenue for the quarter was up 16.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. On average, equities analysts expect that Airbnb, Inc. will post 5.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of a number of analyst reports. Truist Financial upped their price objective on Airbnb from $129.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, June 12th. UBS Group raised their target price on shares of Airbnb from $163.00 to $172.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. DA Davidson boosted their target price on shares of Airbnb from $162.00 to $175.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $170.00 price target on shares of Airbnb in a research report on Friday, May 8th. Finally, KeyCorp reissued a “sector weight” rating on shares of Airbnb in a research report on Monday, August 10th. Two 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 stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $174.03.

Institutional Trading of Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. Corient Private Wealth LP raised its stake in Airbnb by 3.4% in the 2nd quarter. Corient Private Wealth LP now owns 175,373 shares of the company’s stock valued at $25,096,000 after acquiring an additional 5,717 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Airbnb in the second quarter valued at $12,378,000. Serenity Investment Advisors bought a new position in shares of Airbnb in the second quarter valued at about $192,000. California State Teachers Retirement System raised its position in shares of Airbnb by 13,162.3% in the second quarter. California State Teachers Retirement System now owns 91,253,439 shares of the company’s stock valued at $13,058,367,000 after purchasing an additional 90,565,372 shares during the period. Finally, Ameritas Advisory Services LLC lifted its stake in shares of Airbnb by 27.8% during the 2nd quarter. Ameritas Advisory Services LLC now owns 4,848 shares of the company’s stock worth $694,000 after buying an additional 1,055 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.