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

Key Points

• Airbnb insider Nathan Blecharczyk sold 13,615 shares at an average price of $170.81, generating $2.33 million. His remaining direct ownership fell 39.83% to 20,567 shares, following multiple sales in recent months.
• Airbnb shares recently traded at $166.04, with a market capitalization of approximately $99.4 billion. The company posted quarterly EPS of $1.37 and revenue of $3.61 billion, up 16.3% year over year.
• Institutional investors own 80.76% of Airbnb, with several major firms increasing their stakes. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $182.43.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of the company's stock in a transaction on Monday, October 26th. The shares were sold at an average price of $170.81, for a total value of $2,325,578.15. Following the completion of the transaction, the insider directly owned 20,567 shares in the company, valued at approximately $3,513,049.27. This represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Monday, October 12th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $165.18, for a total value of $2,248,925.70.
• On Monday, September 28th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $156.82, for a total value of $2,135,104.30.
• On Monday, September 14th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $172.36, for a total transaction of $2,346,681.40.
• 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 shares were 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 stock was sold at an average price of $190.28, for a total transaction of $38,560,622.56.
• On Monday, August 24th, Nathan Blecharczyk sold 150,640 shares of Airbnb stock. The stock was sold at an average price of $190.94, for a total transaction of $28,763,201.60.
• On Thursday, August 20th, Nathan Blecharczyk sold 2,738 shares of Airbnb stock. The stock was 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.

Airbnb Stock Performance

NASDAQ ABNB traded down $2.78 during trading on Wednesday, reaching $166.04. The company's stock had a trading volume of 2,672,298 shares, compared to its average volume of 4,264,388. The firm has a 50 day moving average price of $171.54 and a 200 day moving average price of $146.27. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The firm has a market capitalization of $99.42 billion, a price-to-earnings ratio of 37.74, a price-to-earnings-growth ratio of 1.97 and a beta of 1.24. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same period last year, the firm earned $1.03 earnings per share. The business's revenue for the quarter was up 16.3% on a year-over-year basis. As a group, equities analysts anticipate that Airbnb, Inc. will post 5.29 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ABNB. Wellington Management Group LLP boosted its holdings in shares of Airbnb by 80.6% in the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company's stock valued at $827,929,000 after purchasing an additional 2,581,539 shares in the last quarter. Amundi increased its stake in shares of Airbnb by 8.6% in the 1st quarter. Amundi now owns 4,686,765 shares of the company's stock valued at $591,845,000 after purchasing an additional 370,426 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of Airbnb by 114.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company's stock valued at $546,454,000 after purchasing an additional 1,816,522 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company's stock worth $400,681,000 after buying an additional 3,139,315 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Airbnb by 61.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 2,201,279 shares of the company's stock worth $353,635,000 after buying an additional 835,208 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on ABNB. Rothschild & Co Redburn raised their price objective on Airbnb from $115.00 to $135.00 and gave the stock a "sell" rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $190.00 target price (up from $175.00) on shares of Airbnb in a research report on Monday, August 31st. Canaccord Genuity Group set a $200.00 target price on Airbnb in a report on Friday, August 7th. Morgan Stanley started coverage on Airbnb in a report on Wednesday, September 16th. They set an "equal weight" rating and a $170.00 target price on the stock. Finally, Truist Financial raised their price target on Airbnb from $134.00 to $161.00 and gave the stock a "hold" rating in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $182.43.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and service providers. Its platform enables users to search for, book and review a broad range of stays, including private rooms, entire homes, apartments and other distinctive properties.

In addition to lodging, Airbnb offers experiences and activities hosted by local individuals and businesses. The company also provides tools and services that help hosts create listings, manage bookings, communicate with guests and receive payments.

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