Airbnb (NASDAQ:ABNB) Insider Sells $91,335.09 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 627 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $145.67, for a total value of $91,335.09. Following the transaction, the insider directly owned 11,920 shares in the company, valued at $1,736,386.40. This trade represents a 5.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The stock was sold at an average price of $145.70, for a total value of $8,761,815.20.
• On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The stock was sold at an average price of $145.86, for a total value of $3,615,577.68.
• On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The stock was sold at an average price of $145.25, for a total value of $1,565,359.25.
• On Friday, February 20th, Nathan Blecharczyk sold 4,260 shares of Airbnb stock. The stock was sold at an average price of $125.29, for a total value of $533,735.40.

Airbnb Stock Performance

Shares of ABNB stock traded down $1.57 during trading on Tuesday, reaching $135.48. 4,418,808 shares of the company’s stock were exchanged, compared to its average volume of 3,787,676. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $82.47 billion, a PE ratio of 33.37, a PEG ratio of 1.47 and a beta of 1.20. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The firm’s fifty day moving average price is $133.61 and its 200-day moving average price is $129.51.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 earnings per share. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI grew its stake in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after purchasing an additional 76 shares during the period. Patton Fund Management Inc. grew its stake in Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after acquiring an additional 77 shares during the period. BOKF NA grew its stake in Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock valued at $107,000 after acquiring an additional 78 shares during the period. Yoder Wealth Management Inc. grew its stake in Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after acquiring an additional 84 shares during the period. Finally, Private Advisor Group LLC grew its stake in Airbnb by 1.0% in the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ABNB. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Airbnb in a research note on Friday. Needham & Company LLC started coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Citigroup restated an “outperform” rating on shares of Airbnb in a research report on Friday. Finally, Rodman & Renshaw initiated coverage on Airbnb in a research note on Monday, May 4th. They set a “buy” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Airbnb Company Profile

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.