Nathan Blecharczyk Sells 57,160 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 57,160 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $190.71, for a total transaction of $10,900,983.60. Following the completion of the transaction, the insider directly owned 20,567 shares of the company’s stock, valued at approximately $3,922,332.57. The trade was a 73.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Monday, August 31st, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $187.27, for a total transaction of $2,549,681.05.
  • 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 shares were 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 stock was 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 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.
  • 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 shares were 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.

Airbnb Trading Down 0.4%

Shares of NASDAQ ABNB traded down $0.68 during trading hours on Tuesday, reaching $182.54. The stock had a trading volume of 4,305,182 shares, compared to its average volume of 5,811,258. The business’s fifty day moving average price is $160.66 and its two-hundred day moving average price is $142.77. The firm has a market cap of $109.30 billion, a price-to-earnings ratio of 41.49, a P/E/G ratio of 2.12 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $193.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.Airbnb’s revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 EPS. Analysts expect that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

  • Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $220 price target, implying roughly 20.5% upside from the referenced share price. The bullish view adds to positive analyst sentiment around Airbnb’s growth outlook. Rosenblatt initiates Airbnb coverage with Buy rating and $220 target
  • Positive Sentiment: D.A. Davidson raised its target from $175 to $220 and reiterated Buy. The firm cited rapid growth in Airbnb Experiences and a partnership with Viator, while tracked Experiences listings increased 30% across several cities over three months. D.A. Davidson raises Airbnb price target on Experiences growth
  • Positive Sentiment: Analysts are increasingly optimistic about Airbnb’s newer growth businesses, including Experiences and artificial-intelligence initiatives, arguing these businesses could reduce the company’s growth “overhang” and support a broader long-term expansion story. Analyst sees Airbnb growth businesses gaining momentum
  • Neutral Sentiment: Airbnb may be offering selected U.S. hosts lower fees to attract more guests. The strategy could improve platform demand and host supply, but it may also pressure near-term take rates and margins. Airbnb reportedly offers lower fees to select U.S. hosts
  • Negative Sentiment: Profit-taking is a near-term risk. Airbnb shares have risen about 21%–25% over the past month and roughly 42% year to date, leaving the stock above previous analyst targets and increasing concerns that expectations and valuation are stretched. Airbnb rally prompts buy-or-sell debate
  • Negative Sentiment: An insider sold approximately $3.75 million of Airbnb stock, which can weigh on sentiment, although the sale does not necessarily indicate a change in the company’s fundamentals. Airbnb insider stock sale

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Benchmark increased their price objective on shares of Airbnb from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Susquehanna boosted their price target on Airbnb from $170.00 to $200.00 and gave the stock a “positive” rating in a research report on Friday, August 7th. DA Davidson raised their price objective on Airbnb from $175.00 to $220.00 and gave the company a “buy” rating in a research report on Monday. Sanford C. Bernstein boosted their target price on shares of Airbnb from $168.00 to $217.00 and gave the stock an “outperform” rating in a report on Monday, August 24th. Finally, Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $152.00 to $200.00 in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Moderate Buy” and an average price target of $177.07.

Check Out Our Latest Report on Airbnb

Institutional Trading of Airbnb

Large investors have recently bought and sold shares of the business. Transamerica Financial Advisors LLC increased its holdings in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 112 shares during the last quarter. Entrust Financial LLC purchased a new stake in Airbnb in the fourth quarter valued at $27,000. Meeder Asset Management Inc. lifted its stake in shares of Airbnb by 96.3% in the 1st 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. Sunbelt Securities Inc. grew its holdings in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after purchasing an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $27,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

About Airbnb

(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.

See Also

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

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