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

Key Points

• Airbnb insider Nathan Blecharczyk sold 13,615 shares at an average price of $182.86, generating approximately $2.49 million. He retained 24,194 shares, and the transaction reduced his ownership by 36.01%; he has also made several other sizable sales recently.
• Airbnb shares rose to $186.39, near their one-year high of $189.20, while trading well above their 50-day and 200-day moving averages. The company recently reported quarterly EPS of $1.37 and revenue of $3.61 billion, both exceeding analyst expectations.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $172.00; Citigroup recently raised its target to $193.00 and maintained a buy rating.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $182.86, for a total value of $2,489,638.90. Following the transaction, the insider owned 24,194 shares of the company's stock, valued at approximately $4,424,114.84. This trade represents a 36.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• 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 shares were sold at an average price of $151.80, for a total transaction 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 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 shares were sold at an average price of $145.81, for a total value of $12,884,646.46.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $3.14 during trading on Wednesday, reaching $186.39. The stock had a trading volume of 4,768,271 shares, compared to its average volume of 4,245,162. The firm's 50 day moving average price is $150.83 and its two-hundred day moving average price is $138.38. Airbnb, Inc. has a one year low of $110.81 and a one year high of $189.20. The stock has a market cap of $111.61 billion, a PE ratio of 42.36, a P/E/G ratio of 2.13 and a beta of 1.14. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.11. The company 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 for the quarter was up 16.3% on a year-over-year basis. During the same period last year, the firm posted $1.03 EPS. On average, research analysts forecast that Airbnb, Inc. will post 5.22 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Wellington Management Group LLP lifted its position in shares of Airbnb by 80.6% during the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company's stock valued at $827,929,000 after acquiring an additional 2,581,539 shares during the last quarter. North Star Asset Management Inc. purchased a new position in Airbnb during the 2nd quarter valued at about $11,791,000. Public Employees Retirement System of Ohio purchased a new position in Airbnb during the second quarter valued at approximately $23,975,000. Ancora Advisors LLC purchased a new position in shares of Airbnb during the 2nd quarter valued at $44,000. Finally, MKA Charitable Fund purchased a new position in Airbnb in the second quarter valued at about $232,515,606,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on ABNB. Citigroup increased their target price on Airbnb from $175.00 to $193.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Jefferies Financial Group lifted their price objective on shares of Airbnb from $160.00 to $175.00 and gave the company a "buy" rating in a research report on Tuesday, July 14th. Truist Financial boosted their target price on shares of Airbnb from $129.00 to $134.00 and gave the company a "hold" rating in a research note on Friday, June 12th. B. Riley Financial restated a "buy" rating on shares of Airbnb in a research note on Friday, August 7th. Finally, HSBC cut Airbnb from a "hold" rating to a "hold" rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Airbnb has an average rating of "Moderate Buy" and a consensus price target of $172.00.

Airbnb Company Profile

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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