Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 150,640 Shares of Stock

Key Points

• Airbnb insider Nathan Blecharczyk sold 150,640 shares at an average price of $190.94, generating approximately $28.8 million. The sale reduced his direct ownership by 87.99%, to 20,567 shares.
• Blecharczyk has made multiple additional sales since June, including 202,652 shares on August 25 and 531,000 shares on August 7, indicating substantial recent insider selling.
• Airbnb reported stronger-than-expected quarterly results, with $1.37 in earnings per share and $3.61 billion in revenue, up 16.3% year over year. Analysts maintain a “Moderate Buy” consensus, although the stock traded near $188—above the average target price of $174.03.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 150,640 shares of the company's stock in a transaction on Monday, August 24th. The shares were sold at an average price of $190.94, for a total value of $28,763,201.60. Following the sale, the insider directly owned 20,567 shares of the company's stock, valued at approximately $3,927,062.98. This represents a 87.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 value 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 stock was 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 transaction 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 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 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 stock was sold at an average price of $145.81, for a total transaction of $12,884,646.46.

Airbnb Stock Down 1.3%

NASDAQ:ABNB traded down $2.43 during trading hours on Wednesday, hitting $188.07. 3,369,241 shares of the stock traded hands, compared to its average volume of 5,429,646. The firm has a 50 day moving average price of $157.12 and a 200 day moving average price of $140.97. 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, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $193.45. The firm has a market cap of $112.61 billion, a price-to-earnings ratio of 42.74, a PEG ratio of 2.20 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued 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 return on equity of 33.38% and a net margin of 20.45%.The business had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter last year, the firm posted $1.03 earnings per share. Airbnb's revenue was up 16.3% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 5.23 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Transamerica Financial Advisors LLC grew its holdings in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. Entrust Financial LLC bought a new position in Airbnb in the 4th quarter worth $27,000. Meeder Asset Management Inc. lifted its position in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Sunbelt Securities Inc. lifted its position in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC bought a new stake in Airbnb during the third quarter valued at about $27,000. Institutional investors and hedge funds own 80.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. KeyCorp reiterated a "sector weight" rating on shares of Airbnb in a report on Monday, August 10th. CICC Research assumed coverage on shares of Airbnb in a research note on Friday, June 5th. They issued an "outperform" rating and a $165.00 price objective on the stock. Raymond James Financial raised shares of Airbnb from a "market perform" rating to a "strong-buy" rating in a research note on Monday, May 4th. Truist Financial upped their price target on shares of Airbnb from $129.00 to $134.00 and gave the stock a "hold" rating in a research note on Friday, June 12th. Finally, Oppenheimer lifted their price objective on Airbnb from $180.00 to $190.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $174.03.

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.

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