Nathan Blecharczyk Sells 2,113 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 2,113 shares of Airbnb stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $145.09, for a total value of $306,575.17. Following the sale, the insider directly owned 12,370 shares in the company, valued at $1,794,763.30. This trade represents a 14.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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

  • 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 value 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 transaction 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 transaction 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 Performance

ABNB opened at $145.56 on Friday. The stock has a market capitalization of $87.73 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 1.56 and a beta of 1.16. The company has a fifty day moving average of $137.36 and a 200 day moving average of $132.85. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

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

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

Wall Street Analyst Weigh In

ABNB has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. B. Riley Financial restated a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Mizuho lifted their price objective on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 3rd. Benchmark upped their price objective on Airbnb from $145.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Citigroup reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.96.

Get Our Latest Stock Report on ABNB

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in ABNB. Sumitomo Life Insurance Co. lifted its holdings in shares of Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after acquiring an additional 8,636 shares during the last quarter. Merit Financial Group LLC grew its holdings in Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after purchasing an additional 13,818 shares during the last quarter. ARK Investment Management LLC raised its position in Airbnb by 30.7% in the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after purchasing an additional 243,299 shares during the period. Victory Capital Management Inc. raised its position in Airbnb by 14.6% in the 3rd quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock worth $185,730,000 after purchasing an additional 195,055 shares during the period. Finally, North Dakota State Investment Board bought a new stake in Airbnb in the fourth quarter worth about $2,785,000. Institutional investors own 80.76% of the company’s stock.

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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