Key Points
- Nathan Blecharczyk sold 39,806 Airbnb shares on Dec. 3 at an average price of $120.22 for $4.79M and has been selling repeatedly — roughly 352,145 shares (~$42.9M) across several trades in late November–December.
- Following the Dec. 3 transaction he owned 130,825 shares valued at about $15.73M, a 23.33% decrease in that position from before the sale.
- Airbnb shares trade near $128 with a market cap of $78.8B; analysts hold a consensus “Hold” rating with an average target of $143.88, and the company recently missed Q3 EPS estimates while reporting ~9.9% revenue growth year-over-year.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 39,806 shares of the business's stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $120.22, for a total value of $4,785,477.32. Following the completion of the transaction, the insider owned 130,825 shares in the company, valued at $15,727,781.50. The trade was a 23.33% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Nathan Blecharczyk also recently made the following trade(s):
- On Tuesday, December 9th, Nathan Blecharczyk sold 36,370 shares of Airbnb stock. The shares were sold at an average price of $123.24, for a total transaction of $4,482,238.80.
- On Monday, December 8th, Nathan Blecharczyk sold 141,063 shares of Airbnb stock. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48.
- On Friday, December 5th, Nathan Blecharczyk sold 30,311 shares of Airbnb stock. The shares were sold at an average price of $123.70, for a total transaction of $3,749,470.70.
- On Friday, December 5th, Nathan Blecharczyk sold 23,761 shares of Airbnb stock. The stock was sold at an average price of $122.70, for a total transaction of $2,915,474.70.
- On Thursday, December 4th, Nathan Blecharczyk sold 77,527 shares of Airbnb stock. The stock was sold at an average price of $120.52, for a total transaction of $9,343,554.04.
- On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The shares were sold at an average price of $116.71, for a total value of $385,959.97.
Airbnb Price Performance
Shares of NASDAQ ABNB opened at $128.00 on Friday. The stock has a market capitalization of $78.79 billion, a PE ratio of 30.40, a P/E/G ratio of 2.24 and a beta of 1.11. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The business's fifty day moving average price is $121.83 and its 200-day moving average price is $127.41.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company's revenue was up 9.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. As a group, equities analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently commented on the stock. Truist Financial upped their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a "sell" rating in a research note on Thursday, December 4th. Wells Fargo & Company increased their target price on Airbnb from $111.00 to $118.00 and gave the stock an "underweight" rating in a research report on Monday, December 1st. DA Davidson reiterated a "buy" rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, December 5th. UBS Group boosted their price objective on Airbnb from $145.00 to $147.00 and gave the company a "neutral" rating in a research note on Friday, November 7th. Finally, Wedbush restated a "neutral" rating and issued a $130.00 target price on shares of Airbnb in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $143.88.
Get Our Latest Stock Report on ABNB
Institutional Investors Weigh In On Airbnb
A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. Allworth Financial LP grew its position in Airbnb by 57.1% during the third quarter. Allworth Financial LP now owns 5,856 shares of the company's stock worth $711,000 after buying an additional 2,129 shares in the last quarter. IFP Advisors Inc boosted its position in shares of Airbnb by 21.5% during the 3rd quarter. IFP Advisors Inc now owns 2,914 shares of the company's stock valued at $354,000 after acquiring an additional 516 shares during the last quarter. Investment Research Partners LLC bought a new stake in shares of Airbnb during the 3rd quarter valued at about $252,000. Cambria Investment Management L.P. purchased a new position in shares of Airbnb during the third quarter worth about $227,000. Finally, ARQ Wealth Advisors LLC bought a new position in shares of Airbnb in the third quarter worth approximately $246,000. Hedge funds and other institutional investors own 80.76% of the company's stock.
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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