Key Points
- Nathan Blecharczyk sold 77,527 shares of Airbnb on Dec. 4 at an average price of $120.52 for roughly $9.34 million, leaving him with 53,298 shares — a 59.26% decrease in his direct ownership.
- Airbnb reported Q3 EPS of $2.21 (missing estimates by $0.10) with revenue of $4.10 billion (slightly above estimates), has a market cap of about $76.5 billion, and carries an average analyst rating of "Hold" with a consensus price target of $143.88.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 77,527 shares of the business's stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $120.52, for a total value of $9,343,554.04. Following the completion of the transaction, the insider directly owned 53,298 shares in the company, valued at approximately $6,423,474.96. This trade represents a 59.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Nathan Blecharczyk also recently made the following trade(s):
- On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The stock was sold at an average price of $116.71, for a total transaction of $385,959.97.
Airbnb Stock Up 2.9%
NASDAQ:ABNB opened at $124.32 on Friday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a fifty day moving average of $121.53 and a 200-day moving average of $127.48. The firm has a market capitalization of $76.53 billion, a P/E ratio of 29.53, a P/E/G ratio of 2.12 and a beta of 1.11.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.13 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Harris Associates L P grew its holdings in shares of Airbnb by 86.0% in the first quarter. Harris Associates L P now owns 9,944,948 shares of the company's stock valued at $1,188,024,000 after acquiring an additional 4,598,125 shares in the last quarter. Independent Franchise Partners LLP bought a new stake in Airbnb in the third quarter worth about $505,672,000. Norges Bank purchased a new position in Airbnb in the second quarter valued at about $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Airbnb by 453.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company's stock valued at $403,782,000 after acquiring an additional 2,724,682 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company's stock valued at $500,755,000 after acquiring an additional 1,916,676 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts recently issued reports on ABNB shares. BTIG Research reiterated a "neutral" rating on shares of Airbnb in a report on Friday, November 7th. DA Davidson reaffirmed a "buy" rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday. Phillip Securities raised shares of Airbnb from a "moderate sell" rating to a "hold" rating in a research report on Friday, August 8th. BNP Paribas initiated coverage on shares of Airbnb in a report on Monday, November 24th. They issued a "hold" rating on the stock. Finally, Sanford C. Bernstein reiterated an "outperform" rating and set a $165.00 price target on shares of Airbnb in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $143.88.
Get Our Latest Analysis on ABNB
About Airbnb
(
Get Free Report)
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.
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