Nathan Blecharczyk Sells 202,652 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 202,652 shares of the firm’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $190.28, for a total value of $38,560,622.56. Following the transaction, the insider owned 179,567 shares in the company, valued at approximately $34,168,008.76. This trade represents a 53.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

  • On Monday, August 24th, Nathan Blecharczyk sold 150,640 shares of Airbnb stock. The stock was sold at an average price of $190.94, for a total transaction of $28,763,201.60.
  • On Thursday, August 20th, Nathan Blecharczyk sold 2,738 shares of Airbnb stock. The shares were sold at an average price of $184.42, for a total transaction of $504,941.96.
  • 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 value of $2,489,638.90.
  • On Friday, August 7th, Nathan Blecharczyk sold 531,000 shares of Airbnb stock. The stock was 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 shares were 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 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 shares were 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 transaction of $4,544,162.19.
  • On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The stock was sold at an average price of $145.09, for a total transaction of $306,575.17.
  • 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.

Airbnb Stock Down 1.3%

Shares of ABNB stock traded down $2.43 on Wednesday, hitting $188.07. 3,369,241 shares of the stock were exchanged, compared to its average volume of 5,429,646. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $112.61 billion, a P/E ratio of 42.74, a price-to-earnings-growth ratio of 2.20 and a beta of 1.14. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The business has a 50-day moving average of $157.12 and a 200 day moving average of $140.97.

Airbnb (NASDAQ:ABNBGet Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the firm posted $1.03 EPS. The business’s revenue was up 16.3% on a year-over-year basis. Equities analysts anticipate that Airbnb, Inc. will post 5.23 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research note on Monday, May 4th. BMO Capital Markets upped their target price on Airbnb from $146.00 to $165.00 and gave the stock a “market perform” rating in a report on Monday, August 10th. Rodman & Renshaw initiated coverage on Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. Jefferies Financial Group boosted their price target on Airbnb from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company increased their price objective on Airbnb from $181.00 to $186.00 and gave the company an “overweight” 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 assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $174.03.

Read Our Latest Stock Analysis on ABNB

Institutional Investors Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the business. Wedmont Private Capital lifted its holdings in Airbnb by 1.7% during the 2nd quarter. Wedmont Private Capital now owns 4,517 shares of the company’s stock worth $671,000 after buying an additional 75 shares in the last quarter. Commerzbank Aktiengesellschaft FI grew its stake in shares of Airbnb by 1.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after acquiring an additional 76 shares in the last quarter. BOKF NA grew its stake in shares of Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after acquiring an additional 78 shares in the last quarter. Private Advisor Group LLC increased its position in shares of Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after acquiring an additional 86 shares during the period. Finally, FSB Premier Wealth Management Inc. increased its position in shares of Airbnb by 3.4% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company’s stock worth $365,000 after acquiring an additional 89 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

(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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Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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