Nathan Blecharczyk Sells 39,806 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 39,806 shares of the business’s stock in a transaction on Wednesday, December 3rd. The shares were sold at an average price of $120.22, for a total value of $4,785,477.32. Following the completion of the transaction, the insider owned 130,825 shares of the company’s stock, valued at $15,727,781.50. This trade represents a 23.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, December 9th, Nathan Blecharczyk sold 36,370 shares of Airbnb stock. The shares were sold at an average price of $123.24, for a total value of $4,482,238.80.
• On Monday, December 8th, Nathan Blecharczyk sold 141,063 shares of Airbnb stock. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48.
• On Friday, December 5th, Nathan Blecharczyk sold 30,311 shares of Airbnb stock. The stock was sold at an average price of $123.70, for a total value of $3,749,470.70.
• On Friday, December 5th, Nathan Blecharczyk sold 23,761 shares of Airbnb stock. The shares were sold at an average price of $122.70, for a total value of $2,915,474.70.
• On Thursday, December 4th, Nathan Blecharczyk sold 77,527 shares of Airbnb stock. The shares were sold at an average price of $120.52, for a total transaction of $9,343,554.04.
• On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The stock was sold at an average price of $116.71, for a total transaction of $385,959.97.

Airbnb Stock Performance

Airbnb stock opened at $127.57 on Thursday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The firm has a 50 day moving average price of $121.70 and a 200 day moving average price of $127.40. The company has a market cap of $78.53 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.21 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period in the prior year, the business earned $2.13 EPS. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. Sell-side analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating and set a $165.00 price target on shares of Airbnb in a research report on Friday, November 7th. Wedbush reiterated a “neutral” rating and set a $130.00 target price on shares of Airbnb in a report on Friday, November 7th. Jefferies Financial Group increased their target price on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. BTIG Research restated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, October 8th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $143.88.

Institutional Investors Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the company. Harris Associates L P raised its position in shares of Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after purchasing an additional 4,598,125 shares in the last quarter. Independent Franchise Partners LLP acquired a new stake in shares of Airbnb during the third quarter worth approximately $505,672,000. Norges Bank bought a new stake in shares of Airbnb in the second quarter worth $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after acquiring an additional 2,724,682 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after acquiring an additional 1,916,676 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.