Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 13,615 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the completion of the sale, the insider owned 20,567 shares in the company, valued at $3,397,257.06. This represents a 39.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $2,135,104.30.
• On Monday, September 14th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $172.36, for a total transaction of $2,346,681.40.
• 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 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 transaction of $10,900,983.60.
• 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 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 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 stock was sold at an average price of $182.86, for a total value 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 value of $92,611,710.00.

Airbnb Stock Performance

NASDAQ ABNB opened at $167.06 on Thursday. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The stock has a market cap of $100.03 billion, a price-to-earnings ratio of 37.97, a price-to-earnings-growth ratio of 1.90 and a beta of 1.24. The business has a fifty day moving average of $172.51 and a 200-day moving average of $150.75. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The business’s revenue was up 16.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.03 earnings per share. As a group, analysts predict that Airbnb, Inc. will post 5.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of ABNB. Mather Group LLC. grew its position in Airbnb by 11.2% in the third quarter. Mather Group LLC. now owns 2,081 shares of the company’s stock valued at $334,000 after acquiring an additional 209 shares in the last quarter. Western Financial Corp CA purchased a new stake in shares of Airbnb during the third quarter valued at approximately $1,816,000. Seelaus Asset Management LLC raised its stake in shares of Airbnb by 45.3% during the third quarter. Seelaus Asset Management LLC now owns 2,696 shares of the company’s stock valued at $433,000 after purchasing an additional 840 shares during the period. First Citizens Bank & Trust Co. acquired a new position in shares of Airbnb during the third quarter worth $1,215,000. Finally, Signal Advisors Wealth LLC acquired a new position in shares of Airbnb during the third quarter worth $383,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Susquehanna upped their target price on shares of Airbnb from $170.00 to $200.00 and gave the company a “positive” rating in a report on Friday, August 7th. Weiss Ratings upgraded shares of Airbnb from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Morgan Stanley initiated coverage on shares of Airbnb in a report on Wednesday, September 16th. They set an “equal weight” rating and a $170.00 price target for the company. Robert W. Baird boosted their price objective on shares of Airbnb from $175.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, September 8th. Finally, Bank of America boosted their price objective on shares of Airbnb from $160.00 to $175.00 in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $181.93.

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.