Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 30,311 Shares

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 30,311 shares of Airbnb stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $123.70, for a total transaction of $3,749,470.70. Following the completion of the sale, the insider directly owned 11,520 shares of the company’s stock, valued at $1,425,024. The trade was a 72.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Friday, December 5th, Nathan Blecharczyk sold 23,761 shares of Airbnb stock. The shares were sold at an average price of $122.70, for a total value of $2,915,474.70.
• On Thursday, December 4th, Nathan Blecharczyk sold 77,527 shares of Airbnb stock. The shares were sold at an average price of $120.52, for a total transaction of $9,343,554.04.
• On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The stock was sold at an average price of $116.71, for a total transaction of $385,959.97.

Airbnb Stock Up 2.8%

Shares of ABNB stock traded up $3.38 on Tuesday, reaching $125.39. 3,608,556 shares of the stock were exchanged, compared to its average volume of 4,801,829. The stock has a market cap of $77.18 billion, a P/E ratio of 29.78, a price-to-earnings-growth ratio of 2.15 and a beta of 1.11. The firm has a 50 day moving average of $121.59 and a two-hundred day moving average of $127.40. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the firm earned $2.13 earnings per share. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ABNB shares. DA Davidson reiterated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday. Zacks Research raised shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. Jefferies Financial Group upped their price objective on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research report on Friday. Citizens Jmp upgraded Airbnb to a “hold” rating in a research note on Monday, August 11th. Finally, BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $143.88.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. boosted its position in shares of Airbnb by 42.8% during the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company’s stock worth $2,015,000 after buying an additional 5,060 shares during the period. Vestmark Advisory Solutions Inc. raised its stake in Airbnb by 74.8% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company’s stock valued at $2,451,000 after acquiring an additional 8,780 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Airbnb by 1.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after acquiring an additional 31,120 shares in the last quarter. Plato Investment Management Ltd boosted its position in Airbnb by 53.1% during the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock worth $2,291,000 after acquiring an additional 6,579 shares during the period. Finally, Acadian Asset Management LLC grew its stake in shares of Airbnb by 52.9% in the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after purchasing an additional 850,719 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.