Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells 13,615 Shares

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $145.43, for a total value of $1,980,029.45. Following the completion of the sale, the insider owned 12,370 shares in the company, valued at approximately $1,798,969.10. The trade was a 52.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• 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 stock was 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 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 transaction 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 transaction 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 shares were sold at an average price of $145.70, for a total value of $8,761,815.20.

Airbnb Stock Up 2.9%

Shares of NASDAQ:ABNB traded up $4.31 during trading on Tuesday, reaching $151.17. The stock had a trading volume of 1,941,204 shares, compared to its average volume of 4,059,157. The firm’s 50-day simple moving average is $140.10 and its 200 day simple moving average is $134.68. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a one year low of $110.81 and a one year high of $151.81. The company has a market capitalization of $91.11 billion, a P/E ratio of 37.21, a PEG ratio of 1.51 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, research analysts expect that Airbnb, Inc. will post 4.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently added to or reduced their stakes in ABNB. Merit Financial Group LLC grew its position in shares of Airbnb by 72.1% in the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after purchasing an additional 13,818 shares in the last quarter. North Dakota State Investment Board purchased a new stake in Airbnb in the 4th quarter valued at $2,785,000. North Star Asset Management Inc. increased its stake in shares of Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after acquiring an additional 9,294 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Airbnb by 18.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock worth $30,305,000 after acquiring an additional 34,573 shares during the period. Finally, Danske Bank A S boosted its position in shares of Airbnb by 11.0% during the 4th quarter. Danske Bank A S now owns 235,557 shares of the company’s stock valued at $31,970,000 after acquiring an additional 23,422 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ABNB. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Wells Fargo & Company boosted their price target on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. raised their price objective on Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Needham & Company LLC assumed coverage on shares of Airbnb in a report on Monday, May 4th. They issued a “buy” rating on the stock. Finally, Wedbush assumed coverage on shares of Airbnb in a research note on Thursday, July 16th. They set a “neutral” rating and a $152.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen 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 target price of $160.23.

About Airbnb

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.