Nathan Blecharczyk Sells 88,366 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 88,366 shares of the company’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total transaction of $12,884,646.46. Following the transaction, the insider owned 12,370 shares in the company, valued at $1,803,669.70. The trade was a 87.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

  • On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The shares were sold at an average price of $145.09, for a total transaction of $306,575.17.
  • On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The stock was 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 stock was 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 stock was 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.

Airbnb Trading Up 2.6%

ABNB stock opened at $145.56 on Friday. The company has a market cap of $87.73 billion, a P/E ratio of 35.85, a PEG ratio of 1.56 and a beta of 1.16. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.58. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average of $137.36 and a 200-day moving average of $132.85.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Aster Capital Management DIFC Ltd acquired a new position in Airbnb during the third quarter valued at approximately $25,000. ORG Partners LLC raised its holdings 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 purchasing an additional 96 shares during the period. Transamerica Financial Advisors LLC boosted its position in shares of 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 purchasing an additional 112 shares in the last quarter. Entrust Financial LLC bought a new position in shares of Airbnb during the fourth quarter worth $27,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of 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 period. Institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on ABNB shares. Susquehanna raised their target price on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Royal Bank Of Canada reissued an “outperform” rating and set a $173.00 price target on shares of Airbnb in a research note on Thursday, May 21st. Wells Fargo & Company increased their price objective on shares of Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, May 8th. CICC Research began coverage on shares of Airbnb in a research note on Friday, June 5th. They issued an “outperform” rating and a $165.00 price objective on the stock. Finally, HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.96.

Read Our Latest Stock Analysis on ABNB

Airbnb News Summary

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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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