Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $2,248,925.70 in Stock

Key Points

• Airbnb insider Nathan Blecharczyk sold 13,615 shares at an average price of $165.18, generating $2.25 million and reducing his direct holdings by 39.83% to 20,567 shares.
• The sale continues a broader pattern of insider selling, including more than $180 million in additional shares sold by Blecharczyk since August.
• Airbnb shares rose 0.9% to $167.06, while the company reported quarterly revenue growth of 16.3% and earnings that exceeded analyst expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $181.93.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction on Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the sale, the insider directly owned 20,567 shares in the company, valued at $3,397,257.06. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, September 28th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $156.82, for a total transaction of $2,135,104.30.
• On Monday, September 14th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $172.36, for a total value of $2,346,681.40.
• On Monday, August 31st, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was 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 stock was 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 shares were sold at an average price of $184.42, for a total value of $504,941.96.
• On Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was 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.

Airbnb Stock Up 0.9%

NASDAQ ABNB traded up $1.48 during trading hours on Wednesday, reaching $167.06. 3,775,638 shares of the company traded hands, compared to its average volume of 4,313,302. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $193.45. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $100.03 billion, a PE ratio of 37.97, a PEG ratio of 1.87 and a beta of 1.24. The company has a 50 day moving average of $172.22 and a two-hundred day moving average of $150.49.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share 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 during the quarter, compared to analyst estimates of $3.58 billion. During the same period last year, the business earned $1.03 EPS. The firm's revenue for the quarter was up 16.3% compared to the same quarter last year. As a group, equities analysts expect that Airbnb, Inc. will post 5.28 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ABNB. Seelaus Asset Management LLC lifted its position in Airbnb by 45.3% in the third quarter. Seelaus Asset Management LLC now owns 2,696 shares of the company's stock worth $433,000 after purchasing an additional 840 shares during the period. First Citizens Bank & Trust Co. acquired a new position in shares of Airbnb during the 3rd quarter valued at $1,215,000. Signal Advisors Wealth LLC acquired a new position in shares of Airbnb during the 3rd quarter valued at $383,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Airbnb in the 3rd quarter worth $350,000. Finally, Krilogy Financial LLC raised its stake in shares of Airbnb by 3.9% in the 3rd quarter. Krilogy Financial LLC now owns 18,970 shares of the company's stock worth $3,102,000 after buying an additional 710 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on ABNB shares. Phillip Securities lowered shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Royal Bank Of Canada began coverage on shares of Airbnb in a research note on Friday, October 2nd. They issued an "outperform" rating on the stock. B. Riley Financial reaffirmed a "buy" rating and set a $210.00 price target (up from $180.00) on shares of Airbnb in a report on Friday, August 7th. Finally, Canaccord Genuity Group set a $200.00 price target on Airbnb in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, Airbnb has an average rating of "Moderate Buy" and a consensus target price of $181.93.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company's platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.

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