Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $38,560,622.56 in Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) insider Nathan Blecharczyk sold 202,652 shares of the company’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $190.28, for a total value of $38,560,622.56. Following the sale, the insider owned 179,567 shares in the company, valued at $34,168,008.76. The trade was a 53.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, August 24th, Nathan Blecharczyk sold 150,640 shares of Airbnb stock. The stock was sold at an average price of $190.94, for a total transaction of $28,763,201.60.
  • On Thursday, August 20th, Nathan Blecharczyk sold 2,738 shares of Airbnb stock. The shares were sold at an average price of $184.42, for a total transaction of $504,941.96.
  • On Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $182.86, for a total value of $2,489,638.90.
  • 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 value 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 transaction 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 value 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 value 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 transaction of $4,544,162.19.
  • 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, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46.

Airbnb Price Performance

NASDAQ ABNB traded down $2.43 on Wednesday, reaching $188.07. The company’s stock had a trading volume of 3,369,241 shares, compared to its average volume of 5,429,646. The stock has a market cap of $112.61 billion, a PE ratio of 42.74, a PEG ratio of 2.20 and a beta of 1.14. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $193.45. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.41 and a current ratio of 1.41. The firm’s 50 day moving average is $157.12 and its two-hundred day moving average is $140.97.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. As a group, sell-side analysts predict that Airbnb, Inc. will post 5.23 EPS for the current year.

Analysts Set New Price Targets

ABNB has been the subject of a number of research analyst reports. Oppenheimer increased their target price on shares of Airbnb from $180.00 to $190.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. CICC Research started coverage on shares of Airbnb in a research report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price target on the stock. KeyCorp restated a “sector weight” rating on shares of Airbnb in a research note on Monday, August 10th. Royal Bank Of Canada set a $165.00 price objective on Airbnb in a research report on Monday, August 10th. Finally, The Goldman Sachs Group set a $170.00 target price on shares of Airbnb in a research note on Tuesday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Airbnb has an average rating of “Moderate Buy” and an average price target of $174.03.

Get Our Latest Report on Airbnb

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Transamerica Financial Advisors LLC raised its position in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new stake in Airbnb in the fourth quarter worth about $27,000. Meeder Asset Management Inc. lifted its position in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. Sunbelt Securities Inc. boosted its stake in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.

Recommended Stories

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.