Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) insider Nathan Blecharczyk sold 2,738 shares of Airbnb stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $184.42, for a total transaction of $504,941.96. Following the transaction, the insider directly owned 74,808 shares of the company’s stock, valued at approximately $13,796,091.36. This represents a 3.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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 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 shares were sold at an average price of $151.80, for a total value 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 value 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 value 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 value 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 value of $306,575.17.
- On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46.
Airbnb Price Performance
ABNB opened at $187.30 on Friday. The business has a fifty day moving average of $154.16 and a 200 day moving average of $139.50. The stock has a market cap of $112.15 billion, a P/E ratio of 42.57, a PEG ratio of 2.14 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $189.20.
Hedge Funds Weigh In On Airbnb
Several institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Caxton Associates LLP bought a new stake in shares of Airbnb in the 1st quarter valued at about $258,000. Intech Investment Management LLC raised its stake in shares of Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after acquiring an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of Airbnb by 18.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after acquiring an additional 927 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Airbnb during the second quarter valued at approximately $411,000. Finally, NewEdge Advisors LLC lifted its position in Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock valued at $7,153,000 after acquiring an additional 4,811 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the stock. Robert W. Baird upped their target price on shares of Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. BMO Capital Markets lifted their price target on shares of Airbnb from $146.00 to $165.00 and gave the company a “market perform” rating in a research note on Monday, August 10th. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a report on Friday, August 7th. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $168.00 target price on shares of Airbnb in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average target price of $172.00.
View Our Latest Stock Report on Airbnb
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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