Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Insider Sells $28,926,324.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the sale, the insider now owns 164,850 shares in the company, valued at $26,046,300. This represents a 52.62 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Airbnb Stock Down 5.9 %

ABNB opened at $146.07 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $92.60 billion, a price-to-earnings ratio of 35.37, a PEG ratio of 3.81 and a beta of 1.12. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The company’s 50-day moving average price is $135.45 and its two-hundred day moving average price is $130.96.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DA Davidson raised their target price on shares of Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Evercore ISI lifted their price target on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. UBS Group lifted their price target on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Finally, Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $147.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Verde Capital Management lifted its stake in shares of Airbnb by 25.3% during the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb during the 3rd quarter valued at approximately $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb during the 3rd quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. lifted its stake in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after buying an additional 2,132 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its stake in shares of Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after buying an additional 6,357 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.