Nathan Blecharczyk Sells 13,615 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 13,615 shares of the company’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $148.37, for a total value of $2,020,057.55. Following the sale, the insider owned 81,677 shares of the company’s stock, valued at approximately $12,118,416.49. The trade was a 14.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • 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 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 value 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.
  • On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The shares were sold at an average price of $131.40, for a total transaction of $359,904.60.
  • 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 stock was sold at an average price of $145.86, for a total transaction of $3,615,577.68.
  • On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The stock was sold at an average price of $145.25, for a total transaction of $1,565,359.25.

Airbnb Stock Up 2.8%

Shares of ABNB opened at $146.89 on Friday. The stock’s 50-day moving average price is $138.30 and its two-hundred day moving average price is $133.95. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $88.53 billion, a PE ratio of 36.18, a PEG ratio of 1.53 and a beta of 1.14. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $150.19.

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 analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the prior year, the company posted $0.24 EPS. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. ORG Partners LLC raised its stake in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC grew its holdings in Airbnb by 143.6% during 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 stake in Airbnb during the fourth quarter worth $27,000. Meeder Asset Management Inc. raised its position in Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its position in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ABNB. Morgan Stanley downgraded Airbnb from an “underweight” rating to an “underweight” rating in a research note on Monday, May 4th. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Scotiabank began coverage on Airbnb in a research note on Monday, May 4th. They issued an “outperform” rating on the stock. Weiss Ratings upgraded Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Finally, CICC Research initiated coverage on shares of Airbnb in a research report on Friday, June 5th. They set an “outperform” rating and a $165.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $158.36.

Check Out Our Latest Stock Analysis on Airbnb

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.

Further Reading

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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