Airbnb, Inc. (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 183,078 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the sale, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Airbnb Stock Performance

Shares of Airbnb stock opened at $157.83 on Thursday. The company has a 50 day moving average price of $134.80 and a 200 day moving average price of $130.65. The firm has a market capitalization of $100.06 billion, a P/E ratio of 38.22, a PEG ratio of 2.38 and a beta of 1.12. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (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%. Sell-side analysts expect that Airbnb, Inc. will post 4.27 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the subject of a number of research analyst reports. TD Cowen raised their price target on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Susquehanna raised their target price on Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and upped their price target for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Finally, Evercore ISI raised their price objective on Airbnb to $155.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $147.00.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. North Star Asset Management Inc. increased its holdings in shares of Airbnb by 8.1% in the fourth quarter. North Star Asset Management Inc. now owns 53,147 shares of the company’s stock valued at $6,984,000 after purchasing an additional 4,001 shares during the period. Cache Advisors LLC acquired a new position in Airbnb in the 4th quarter worth approximately $933,000. GF Fund Management CO. LTD. acquired a new position in Airbnb in the 4th quarter worth approximately $10,781,000. University of Texas Texas AM Investment Management Co. purchased a new position in Airbnb during the 4th quarter worth approximately $49,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Airbnb during the 4th quarter valued at approximately $24,764,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.