Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $187.27, for a total value of $2,549,681.05. Following the transaction, the insider directly owned 20,567 shares of the company’s stock, valued at $3,851,582.09. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Nathan Blecharczyk also recently made the following trade(s):
- 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 value 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 stock was 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 stock was 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 transaction of $2,489,638.90.
- On Friday, August 7th, Nathan Blecharczyk sold 531,000 shares of Airbnb stock. The shares were sold at an average price of $174.41, for a total value of $92,611,710.00.
- On Monday, August 3rd, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $151.80, for a total value of $2,066,757.00.
- On Monday, July 20th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $145.43, for a total transaction of $1,980,029.45.
- On Monday, July 6th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $148.37, for a total value of $2,020,057.55.
Airbnb Price Performance
Shares of NASDAQ:ABNB opened at $182.54 on Wednesday. The stock has a market cap of $109.30 billion, a P/E ratio of 41.49, a P/E/G ratio of 2.12 and a beta of 1.15. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The company has a 50 day moving average of $160.66 and a 200 day moving average of $142.77. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.
Airbnb News Roundup
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $220 price target, implying roughly 20.5% upside from the referenced share price. The bullish view adds to positive analyst sentiment around Airbnb’s growth outlook. Rosenblatt initiates Airbnb coverage with Buy rating and $220 target
- Positive Sentiment: D.A. Davidson raised its target from $175 to $220 and reiterated Buy. The firm cited rapid growth in Airbnb Experiences and a partnership with Viator, while tracked Experiences listings increased 30% across several cities over three months. D.A. Davidson raises Airbnb price target on Experiences growth
- Positive Sentiment: Analysts are increasingly optimistic about Airbnb’s newer growth businesses, including Experiences and artificial-intelligence initiatives, arguing these businesses could reduce the company’s growth “overhang” and support a broader long-term expansion story. Analyst sees Airbnb growth businesses gaining momentum
- Neutral Sentiment: Airbnb may be offering selected U.S. hosts lower fees to attract more guests. The strategy could improve platform demand and host supply, but it may also pressure near-term take rates and margins. Airbnb reportedly offers lower fees to select U.S. hosts
- Negative Sentiment: Profit-taking is a near-term risk. Airbnb shares have risen about 21%–25% over the past month and roughly 42% year to date, leaving the stock above previous analyst targets and increasing concerns that expectations and valuation are stretched. Airbnb rally prompts buy-or-sell debate
- Negative Sentiment: An insider sold approximately $3.75 million of Airbnb stock, which can weigh on sentiment, although the sale does not necessarily indicate a change in the company’s fundamentals. Airbnb insider stock sale
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on ABNB. Wedbush upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $152.00 to $200.00 in a research report on Friday, August 7th. UBS Group upped their price target on shares of Airbnb from $163.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. CICC Research began coverage on shares of Airbnb in a report on Friday, June 5th. They set an “outperform” rating and a $165.00 price target on the stock. Benchmark boosted their price objective on shares of Airbnb from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Finally, Cantor Fitzgerald increased their price objective on Airbnb from $140.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.07.
Institutional Investors Weigh In On Airbnb
Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Corient Private Wealth LP increased its holdings in Airbnb by 3.4% in the 2nd quarter. Corient Private Wealth LP now owns 175,373 shares of the company’s stock worth $25,096,000 after acquiring an additional 5,717 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Airbnb during the 2nd quarter valued at $12,378,000. Serenity Investment Advisors bought a new position in Airbnb in the 2nd quarter worth $192,000. California State Teachers Retirement System increased its stake in Airbnb by 13,162.3% in the 2nd quarter. California State Teachers Retirement System now owns 91,253,439 shares of the company’s stock worth $13,058,367,000 after buying an additional 90,565,372 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in Airbnb by 27.8% during the second quarter. Ameritas Advisory Services LLC now owns 4,848 shares of the company’s stock valued at $694,000 after acquiring an additional 1,055 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.
About Airbnb
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.
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