Airbnb (NASDAQ:ABNB) Insider Sells $504,941.96 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 2,738 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $184.42, for a total transaction of $504,941.96. Following the completion of the transaction, the insider owned 74,808 shares of the company’s stock, valued at approximately $13,796,091.36. This represents a 3.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

• On Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were 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 transaction 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 transaction of $2,066,757.00.
• On Monday, July 20th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was 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 stock was sold at an average price of $148.37, for a total transaction of $2,020,057.55.
• On Friday, June 26th, Nathan Blecharczyk sold 31,033 shares of Airbnb stock. The shares were sold at an average price of $146.43, for a total value of $4,544,162.19.
• On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The shares were sold at an average price of $145.09, for a total value of $306,575.17.
• On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46.

Airbnb Price Performance

Airbnb stock opened at $187.30 on Monday. The business has a 50 day simple moving average of $154.16 and a 200 day simple moving average of $139.55. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $112.15 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.17 and a beta of 1.14. Airbnb, Inc. has a one year low of $110.81 and a one year high of $189.20.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The firm had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same period in the prior year, the business posted $1.03 earnings per share. The business’s revenue was up 16.3% compared to the same quarter last year. On average, sell-side analysts forecast that Airbnb, Inc. will post 5.23 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Caxton Associates LLP bought a new stake in Airbnb during the 1st quarter worth about $258,000. Intech Investment Management LLC raised its stake in shares of Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after acquiring an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after acquiring an additional 927 shares during the last quarter. WINTON GROUP Ltd acquired a new position in shares of Airbnb during the second quarter worth approximately $411,000. Finally, NewEdge Advisors LLC lifted its position in shares of Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after purchasing an additional 4,811 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a research report on Friday, August 7th. Susquehanna upped their price objective on shares of Airbnb from $170.00 to $200.00 and gave the stock a “positive” 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 objective for the company. DA Davidson lifted their target price on shares of Airbnb from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, UBS Group boosted their target price on Airbnb from $163.00 to $172.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $172.00.

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.