Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Insider Sells 2,712 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 2,712 shares of Airbnb stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $156.32, for a total value of $423,939.84. Following the sale, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Friday, February 14th, Nathan Blecharczyk sold 183,078 shares of Airbnb stock. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00.

Airbnb Stock Down 0.9 %

Shares of NASDAQ:ABNB traded down $1.25 during midday trading on Monday, reaching $144.82. The company’s stock had a trading volume of 4,475,981 shares, compared to its average volume of 5,163,338. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The firm has a market capitalization of $91.31 billion, a P/E ratio of 35.07, a PEG ratio of 3.74 and a beta of 1.12. The firm has a 50 day moving average of $135.45 and a 200-day moving average of $131.09. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping 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%. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ABNB shares. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Bank of America raised their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. TD Cowen increased their price target on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $140.00 to $175.00 in a research report on Friday, February 14th. Finally, Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $146.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. MJP Associates Inc. ADV grew its stake in shares of Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock worth $490,000 after acquiring an additional 67 shares during the last quarter. CAP Partners LLC grew its position in Airbnb by 3.6% during the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares during the last quarter. Lindbrook Capital LLC grew its position in Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock valued at $728,000 after purchasing an additional 78 shares during the last quarter. Ellevest Inc. increased its stake in Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock valued at $349,000 after purchasing an additional 80 shares in the last quarter. Finally, Manchester Capital Management LLC raised its holdings in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after buying an additional 81 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

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.