Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $2,489,638.90 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $182.86, for a total value of $2,489,638.90. Following the completion of the sale, the insider owned 24,194 shares of the company’s stock, valued at approximately $4,424,114.84. This trade represents a 36.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

• On Friday, August 7th, Nathan Blecharczyk sold 531,000 shares of Airbnb stock. The shares were sold at an average price of $174.41, for a total transaction of $92,611,710.00.
• On Monday, August 3rd, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $151.80, for a total value of $2,066,757.00.
• On Monday, July 20th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $145.43, for a total transaction of $1,980,029.45.
• On Monday, July 6th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $148.37, for a total transaction of $2,020,057.55.
• On Friday, June 26th, Nathan Blecharczyk sold 31,033 shares of Airbnb stock. The shares were sold at an average price of $146.43, for a total value of $4,544,162.19.
• On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The stock was sold at an average price of $145.09, for a total value of $306,575.17.
• On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The shares were sold at an average price of $145.81, for a total transaction of $12,884,646.46.

Airbnb Price Performance

Shares of Airbnb stock traded up $3.14 during trading on Wednesday, hitting $186.39. 4,768,271 shares of the company’s stock traded hands, compared to its average volume of 4,245,162. The company has a market cap of $111.61 billion, a PE ratio of 42.36, a PEG ratio of 2.13 and a beta of 1.14. The firm’s fifty day moving average price is $150.83 and its 200 day moving average price is $138.38. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $189.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The company’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.03 earnings per share. Analysts forecast that Airbnb, Inc. will post 5.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ABNB. Scotiabank began coverage on shares of Airbnb in a report on Monday, May 4th. They set an “outperform” rating for the company. Benchmark raised their price target on Airbnb from $160.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 7th. Oppenheimer lifted their price objective on Airbnb from $180.00 to $190.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. BMO Capital Markets boosted their price objective on Airbnb from $146.00 to $165.00 and gave the stock a “market perform” rating in a research note on Monday, August 10th. Finally, DA Davidson raised their target price on Airbnb from $162.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $172.00.

Institutional Trading of Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wellington Management Group LLP increased its position in shares of Airbnb by 80.6% in the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock valued at $827,929,000 after buying an additional 2,581,539 shares in the last quarter. North Star Asset Management Inc. bought a new stake in Airbnb during the second quarter worth about $11,791,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Airbnb in the 2nd quarter valued at approximately $23,975,000. Ancora Advisors LLC bought a new stake in Airbnb during the second quarter worth $44,000. Finally, MKA Charitable Fund bought a new stake in Airbnb during the second quarter worth $232,515,606,000. 80.76% of the stock is owned by institutional investors.

Airbnb Company Profile

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.