Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 13,615 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $172.36, for a total transaction of $2,346,681.40. Following the completion of the sale, the insider directly owned 20,567 shares in the company, valued at approximately $3,544,928.12. This represents a 39.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, August 31st, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $187.27, for a total transaction of $2,549,681.05.
• 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 transaction 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 transaction of $3,749,561.07.
• On Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The shares were 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 shares were 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 value 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 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 value of $1,980,029.45.

Airbnb Trading Down 0.5%

Shares of ABNB opened at $167.51 on Thursday. 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 $166.94 and a 200 day moving average of $146.59. The firm has a market cap of $100.30 billion, a P/E ratio of 38.07, a price-to-earnings-growth ratio of 1.94 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 5.24 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ABNB shares. DA Davidson raised their price target on Airbnb from $175.00 to $220.00 and gave the stock a “buy” rating in a report on Monday, August 31st. CICC Research started coverage on Airbnb in a research note on Friday, June 5th. They set an “outperform” rating and a $165.00 price objective on the stock. Benchmark increased their price objective on Airbnb from $160.00 to $180.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Wells Fargo & Company raised their target price on Airbnb from $181.00 to $186.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Finally, Truist Financial lifted their target price on Airbnb from $134.00 to $161.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $181.42.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently bought and sold shares of the stock. Entrust Financial LLC bought a new stake in shares of Airbnb during the 4th quarter worth $27,000. Meeder Asset Management Inc. increased its stake in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares during the last quarter. Nalls Sherbakoff Group LLC purchased a new position in shares of Airbnb during the 4th quarter valued at about $31,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Airbnb during the fourth quarter worth approximately $31,000. Finally, Main Street Group LTD bought a new stake in Airbnb in the first quarter worth $29,000. 80.76% of the stock is currently owned by institutional investors.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb is committing an initial $250 million to affordable and mixed-income housing projects, aiming to unlock up to $5 billion in investment over the next decade. The first $6.4 million investment will support 201 affordable units in Austin, Texas. The program may help address criticism that short-term rentals worsen housing affordability and could reduce regulatory pressure over time. Airbnb affordable housing fund article
• Positive Sentiment: The housing accelerator will begin in Austin and combine project financing with support for pro-housing policies, zoning reform and construction technology. Investors may view this as a potential long-term competitive and regulatory advantage, although the financial returns are not yet established. Airbnb Austin housing accelerator article
• Neutral Sentiment: Truist Financial maintained its Hold rating on ABNB, signaling that the analyst sees limited conviction for a material near-term move higher. Broader analyst commentary on consumer-cyclical companies also provides no clear bullish catalyst for Airbnb. Truist Airbnb Hold rating
• Negative Sentiment: Co-founder Nathan Blecharczyk sold 13,615 shares for approximately $2.35 million, reducing his position by 39.8%. While insider sales can reflect diversification or planned transactions, the sale may weigh on sentiment because it represents a substantial reduction in his holdings. Nathan Blecharczyk insider transaction

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.