Nathan Blecharczyk Sells 2,712 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 2,712 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $156.32, for a total transaction of $423,939.84. Following the transaction, the insider now directly owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, February 14th, Nathan Blecharczyk sold 183,078 shares of Airbnb stock. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00.

Airbnb Price Performance

ABNB stock opened at $141.55 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The stock has a market cap of $89.25 billion, a PE ratio of 34.27, a P/E/G ratio of 3.52 and a beta of 1.12. The firm has a 50 day simple moving average of $135.89 and a two-hundred day simple moving average of $131.49.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Verde Capital Management grew its stake in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after buying an additional 4,269 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Airbnb in the 3rd quarter valued at $34,982,000. Tri Ri Asset Management Corp purchased a new stake in shares of Airbnb in the 3rd quarter valued at $6,352,000. J.W. Cole Advisors Inc. boosted its stake in shares of Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. boosted its stake in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on ABNB shares. Phillip Securities reissued a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price objective on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Argus raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Finally, Bank of America lifted their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $146.48.

Airbnb Company Profile

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.