Nathan Blecharczyk Sells 2,739 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 2,739 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $131.40, for a total value of $359,904.60. Following the transaction, the insider directly owned 81,631 shares in the company, valued at approximately $10,726,313.40. This represents a 3.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

  • On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The shares were sold at an average price of $145.67, for a total value of $91,335.09.
  • On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The shares were sold at an average price of $145.70, for a total value of $8,761,815.20.
  • On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The shares were sold at an average price of $145.86, for a total value of $3,615,577.68.
  • On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The shares were sold at an average price of $145.25, for a total value of $1,565,359.25.
  • On Friday, February 20th, Nathan Blecharczyk sold 4,260 shares of Airbnb stock. The shares were sold at an average price of $125.29, for a total value of $533,735.40.

Airbnb Trading Down 1.0%

Shares of NASDAQ:ABNB traded down $1.30 on Thursday, hitting $134.25. 4,173,536 shares of the company’s stock were exchanged, compared to its average volume of 4,285,561. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $147.25. The stock has a market capitalization of $80.91 billion, a price-to-earnings ratio of 33.07, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The business’s 50 day simple moving average is $133.52 and its two-hundred day simple moving average is $129.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNBGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter last year, the business posted $0.24 earnings per share. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on ABNB. Robert W. Baird set a $150.00 target price on shares of Airbnb in a research note on Friday, May 8th. Citigroup restated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. HSBC downgraded shares of Airbnb from a “hold” rating to a “hold” rating in a research note on Monday, May 4th. UBS Group upped their target price on shares of Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company lifted their target price on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $157.67.

Get Our Latest Research Report on Airbnb

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd bought a new position in Airbnb in the third quarter worth approximately $25,000. ORG Partners LLC raised its stake in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC raised its stake in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 112 shares in the last quarter. Entrust Financial LLC bought a new position in Airbnb in the fourth quarter worth approximately $27,000. Finally, Meeder Asset Management Inc. raised its stake in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after buying an additional 105 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

About Airbnb

(Get Free Report)

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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