Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 2,113 Shares

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 2,113 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $145.09, for a total value of $306,575.17. Following the completion of the sale, the insider owned 12,370 shares of the company’s stock, valued at $1,794,763.30. This trade represents a 14.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46.
  • On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The shares were sold at an average price of $131.40, for a total value of $359,904.60.
  • On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The stock was sold at an average price of $145.67, for a total value of $91,335.09.
  • 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 transaction of $8,761,815.20.
  • On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The shares were sold at an average price of $145.86, for a total transaction of $3,615,577.68.
  • On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The shares were sold at an average price of $145.25, for a total transaction of $1,565,359.25.

Airbnb Stock Up 2.6%

Shares of ABNB stock opened at $145.56 on Friday. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.58. 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 firm has a fifty day moving average of $137.36 and a 200-day moving average of $132.85. The company has a market capitalization of $87.73 billion, a price-to-earnings ratio of 35.85, a P/E/G ratio of 1.52 and a beta of 1.16.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. As a group, equities research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Sumitomo Life Insurance Co. lifted its holdings in Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after purchasing an additional 8,636 shares during the last quarter. Merit Financial Group LLC raised its stake in Airbnb by 72.1% in the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after purchasing an additional 13,818 shares in the last quarter. ARK Investment Management LLC raised its stake in Airbnb by 30.7% in the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after purchasing an additional 243,299 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Airbnb by 14.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock valued at $185,730,000 after purchasing an additional 195,055 shares during the period. Finally, North Dakota State Investment Board acquired a new position in shares of Airbnb during the 4th quarter worth approximately $2,785,000. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have commented on ABNB. Citigroup restated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Scotiabank assumed coverage on shares of Airbnb in a report on Monday, May 4th. They issued an “outperform” rating on the stock. Needham & Company LLC initiated coverage on shares of Airbnb in a research report on Monday, May 4th. They issued a “buy” rating on the stock. Morgan Stanley downgraded shares of Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $173.00 price target on shares of Airbnb in a research report on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.96.

Read Our Latest Stock Analysis on ABNB

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About Airbnb

(Get Free Report)

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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