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

Key Points

• Airbnb insider Nathan Blecharczyk sold 13,615 shares for approximately $2.35 million at an average price of $172.36, reducing his direct ownership by 39.83% to 20,567 shares. The sale follows several large insider sales in recent weeks.
• Airbnb shares fell 0.5% to $167.51, though the stock remains above its 50-day and 200-day moving averages. The company has a market capitalization of roughly $100.3 billion and trades at a price-to-earnings ratio of 38.07.
• Airbnb recently exceeded quarterly earnings and revenue expectations, reporting $1.37 in EPS and $3.61 billion in revenue, with revenue up 16.3% year over year. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $181.42.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $172.36, for a total value of $2,346,681.40. Following the sale, the insider directly owned 20,567 shares of the company's stock, valued at $3,544,928.12. This represents a 39.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• 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 value of $2,549,681.05.
• On Friday, August 28th, Nathan Blecharczyk sold 57,160 shares of Airbnb stock. The stock was sold at an average price of $190.71, for a total value of $10,900,983.60.
• On Wednesday, August 26th, Nathan Blecharczyk sold 19,659 shares of Airbnb stock. The shares were sold at an average price of $190.73, for a total value of $3,749,561.07.
• On Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The shares were sold at an average price of $190.28, for a total value of $38,560,622.56.
• On Monday, August 24th, Nathan Blecharczyk sold 150,640 shares of Airbnb stock. The shares were sold at an average price of $190.94, for a total value 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.
• 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.

Airbnb Stock Down 0.5%

ABNB stock traded down $0.81 during trading on Wednesday, reaching $167.51. The stock had a trading volume of 3,167,579 shares, compared to its average volume of 4,263,520. Airbnb, Inc. has a one year low of $110.81 and a one year high of $193.45. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The company's 50 day moving average is $166.45 and its two-hundred day moving average is $146.38. The company has a market capitalization of $100.30 billion, a price-to-earnings ratio of 38.07, a P/E/G ratio of 1.97 and a beta of 1.16.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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 firm had revenue of $3.61 billion for the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter last year, the firm earned $1.03 EPS. The company's quarterly revenue was up 16.3% compared to the same quarter last year. Equities research analysts forecast that Airbnb, Inc. will post 5.24 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the company. Wedmont Private Capital boosted its position in shares of Airbnb by 1.7% during the 2nd quarter. Wedmont Private Capital now owns 4,517 shares of the company's stock valued at $671,000 after acquiring an additional 75 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company's stock worth $727,000 after purchasing an additional 76 shares during the period. Parkside Financial Bank & Trust raised its stake in Airbnb by 11.4% during the second quarter. Parkside Financial Bank & Trust now owns 800 shares of the company's stock worth $114,000 after purchasing an additional 82 shares during the period. Norman Fields Gottscho Capital Management LLC boosted its holdings in Airbnb by 3.0% in the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company's stock valued at $441,000 after purchasing an additional 90 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in Airbnb by 38.1% in the 4th quarter. Root Financial Partners LLC now owns 359 shares of the company's stock valued at $49,000 after purchasing an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ABNB shares. The Goldman Sachs Group set a $170.00 target price on Airbnb in a research note on Tuesday, July 28th. CICC Research started coverage on shares of Airbnb in a research report on Friday, June 5th. They set an "outperform" rating and a $165.00 price target for the company. Truist Financial raised their price objective on shares of Airbnb from $134.00 to $161.00 and gave the stock a "hold" rating in a report on Thursday, September 10th. Royal Bank Of Canada set a $165.00 price objective on shares of Airbnb in a research report on Monday, August 10th. Finally, Weiss Ratings upgraded shares of Airbnb from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $181.42.

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.

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