Nathan Blecharczyk Sells 26,154 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 26,154 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $145.00, for a total value of $3,792,330.00. Following the sale, the insider now directly owns 159,337 shares in the company, valued at approximately $23,103,865. This trade represents a 14.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, February 20th, Nathan Blecharczyk sold 2,712 shares of Airbnb stock. The shares were sold at an average price of $156.32, for a total value of $423,939.84.
• 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 value of $28,926,324.00.

Airbnb Stock Performance

NASDAQ ABNB opened at $138.87 on Friday. The company has a fifty day simple moving average of $136.52 and a 200 day simple moving average of $131.91. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $87.56 billion, a P/E ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ABNB shares. Wedbush reissued an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a report on Tuesday, February 4th. Phillip Securities reaffirmed a “reduce” rating and set a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Citigroup lifted their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen lifted their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $146.48.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently bought and sold shares of the company. Park Square Financial Group LLC purchased a new position in Airbnb during the 4th quarter worth $26,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Airbnb during the 4th quarter worth $44,397,000. Virtue Capital Management LLC boosted its holdings in Airbnb by 45.0% during the 4th quarter. Virtue Capital Management LLC now owns 3,974 shares of the company’s stock worth $522,000 after acquiring an additional 1,234 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new position in Airbnb during the 4th quarter worth $10,027,000. Finally, Putney Financial Group LLC purchased a new position in Airbnb during the 4th quarter worth $178,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

About Airbnb

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.