Airbnb (NASDAQ:ABNB) Insider Sells $28,763,201.60 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 150,640 shares of the stock in a transaction on Monday, August 24th. The shares were sold at an average price of $190.94, for a total transaction of $28,763,201.60. Following the completion of the sale, the insider directly owned 20,567 shares of the company’s stock, valued at approximately $3,927,062.98. This trade represents a 87.99% decrease in their ownership of the stock. The sale 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 Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The stock was sold at an average price of $190.28, for a total transaction of $38,560,622.56.
• 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 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 value of $2,066,757.00.
• On Monday, July 20th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $145.43, for a total value 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 value 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 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 transaction of $12,884,646.46.

Airbnb Price Performance

NASDAQ ABNB traded down $2.43 during trading on Wednesday, reaching $188.07. 3,369,241 shares of the company traded hands, compared to its average volume of 5,429,646. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The stock’s 50 day moving average price is $157.12 and its two-hundred day moving average price is $140.97. The company has a market cap of $112.61 billion, a price-to-earnings ratio of 42.74, a P/E/G ratio of 2.20 and a beta of 1.14. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $3.58 billion. During the same period in the prior year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, analysts anticipate that Airbnb, Inc. will post 5.23 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Royal Bank Of Canada set a $165.00 price objective on shares of Airbnb in a research note on Monday, August 10th. Wells Fargo & Company increased their price target on Airbnb from $181.00 to $186.00 and gave the stock an “overweight” rating in a research report on Friday, August 7th. Cantor Fitzgerald raised their price target on Airbnb from $140.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. UBS Group boosted their price objective on Airbnb from $163.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, KeyCorp restated a “sector weight” rating on shares of Airbnb in a report on Monday, August 10th. Two 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $174.03.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently made changes to their positions in the company. North Dakota State Investment Board bought a new stake in Airbnb during the 4th quarter worth about $2,785,000. North Star Asset Management Inc. increased its position in shares of Airbnb by 13.4% in the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after acquiring an additional 9,294 shares during the last quarter. Carmignac Gestion raised its holdings in Airbnb by 40.8% during the first quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock worth $83,290,000 after acquiring an additional 191,200 shares in the last quarter. Oxbow Advisors LLC boosted its position in Airbnb by 122.9% during the fourth quarter. Oxbow Advisors LLC now owns 50,414 shares of the company’s stock valued at $6,842,000 after purchasing an additional 27,793 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its stake in Airbnb by 18.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock valued at $30,305,000 after purchasing an additional 34,573 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.