Nathan Blecharczyk Sells 2,738 Shares of Airbnb (NASDAQ:ABNB) Stock

Key Points

• Airbnb insider Nathan Blecharczyk sold 2,738 shares at an average price of $184.42, generating $504,941.96. He retained 74,808 shares, and the sale followed several other substantial disposals, including 531,000 shares sold on August 7.
• Airbnb shares rose 1.2% to $187.30, near their 12-month high of $189.20. The company recently exceeded quarterly earnings and revenue expectations, reporting $1.37 in adjusted earnings per share and $3.61 billion in revenue, with revenue up 16.3% year over year.
• Analysts maintain a Moderate Buy consensus, with an average price target of $172; recent targets range from $175 to $200. Institutional investors and hedge funds own approximately 80.76% of Airbnb’s outstanding stock.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 2,738 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $184.42, for a total value of $504,941.96. Following the completion of the transaction, the insider owned 74,808 shares of the company's stock, valued at $13,796,091.36. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• 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.
• 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 stock was 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 shares were 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 Up 1.2%

ABNB stock traded up $2.30 during trading hours on Friday, reaching $187.30. 4,245,327 shares of the stock were exchanged, compared to its average volume of 4,254,229. The firm's 50-day moving average is $153.06 and its 200-day moving average is $139.16. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $189.20. The company has a market cap of $112.15 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 2.16 and a beta of 1.14. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted 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. The company had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.Airbnb's revenue for the quarter was up 16.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.03 earnings per share. On average, equities research analysts expect that Airbnb, Inc. will post 5.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on ABNB. HC Wainwright upgraded shares of Airbnb to a "buy" rating in a research note on Monday, May 4th. Jefferies Financial Group raised their price target on Airbnb from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Tuesday, July 14th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Airbnb in a research report on Friday, August 7th. Wedbush upgraded Airbnb from a "neutral" rating to an "outperform" rating and upped their price objective for the stock from $152.00 to $200.00 in a research note on Friday, August 7th. Finally, Wells Fargo & Company increased their price objective on Airbnb from $181.00 to $186.00 and gave the company an "overweight" rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $172.00.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of the business. Transamerica Financial Advisors LLC boosted its stake in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock worth $26,000 after acquiring an additional 112 shares during the period. Entrust Financial LLC bought a new stake in Airbnb in the 4th quarter valued at $27,000. Meeder Asset Management Inc. increased its holdings in shares of Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Sunbelt Securities Inc. raised its position in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after purchasing an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $27,000. Institutional investors and hedge funds own 80.76% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source