Nathan Blecharczyk Sells 26,154 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 26,154 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $145.00, for a total value of $3,792,330.00. Following the completion of the sale, the insider now directly owns 159,337 shares of the company’s stock, valued at $23,103,865. This represents a 14.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, February 20th, Nathan Blecharczyk sold 2,712 shares of Airbnb stock. The stock was sold at an average price of $156.32, for a total transaction of $423,939.84.
• 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

Shares of NASDAQ ABNB traded down $0.58 during midday trading on Friday, reaching $138.87. The company’s stock had a trading volume of 6,251,542 shares, compared to its average volume of 5,140,591. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a 50 day moving average price of $136.43 and a 200 day moving average price of $131.63. The company has a market cap of $87.56 billion, a price-to-earnings ratio of 33.62, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24.

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%. On average, equities research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ABNB shares. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. UBS Group raised their price objective on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. The Goldman Sachs Group upgraded Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Canaccord Genuity Group raised their price target on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, B. Riley boosted their price objective on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Five equities 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $146.48.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of Airbnb by 20.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,770 shares of the company’s stock valued at $3,648,000 after buying an additional 4,864 shares in the last quarter. J.W. Cole Advisors Inc. boosted its stake in 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 buying an additional 2,132 shares in the last quarter. abrdn plc boosted its stake in Airbnb by 15.4% in the 3rd quarter. abrdn plc now owns 175,182 shares of the company’s stock valued at $22,245,000 after buying an additional 23,428 shares in the last quarter. Integrated Advisors Network LLC grew its position in Airbnb by 53.4% in the third quarter. Integrated Advisors Network LLC now owns 2,171 shares of the company’s stock valued at $275,000 after acquiring an additional 756 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in Airbnb by 37.7% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 705 shares of the company’s stock valued at $89,000 after buying an additional 193 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

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.