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

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 26,154 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $145.00, for a total value of $3,792,330.00. Following the transaction, the insider now owns 159,337 shares in the company, valued at approximately $23,103,865. The trade was a 14.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 stock was 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 stock was sold at an average price of $158.00, for a total value of $28,926,324.00.

Airbnb Trading Down 0.4 %

Shares of NASDAQ:ABNB opened at $138.87 on Friday. 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. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s fifty day moving average price is $136.52 and its 200-day moving average price is $131.81.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Evercore ISI increased their price objective on Airbnb to $155.00 and gave the stock a “hold” rating in a report on Wednesday, January 15th. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a report on Tuesday, November 12th. JPMorgan Chase & Co. lifted their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $146.48.

Institutional Trading of Airbnb

A number of hedge funds have recently bought and sold shares of the company. MJP Associates Inc. ADV increased its position in Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after acquiring an additional 67 shares during the last quarter. CAP Partners LLC increased its position in Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares in the last quarter. Lindbrook Capital LLC increased its position in Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after buying an additional 78 shares in the last quarter. Ellevest Inc. increased its position in Airbnb by 3.1% in the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock worth $349,000 after buying an additional 80 shares in the last quarter. Finally, Manchester Capital Management LLC increased its position 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 in the last quarter. Hedge funds and other 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.