Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of the business's stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $148.37, for a total value of $2,020,057.55. Following the sale, the insider owned 81,677 shares of the company's stock, valued at approximately $12,118,416.49. This represents a 14.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Nathan Blecharczyk also recently made the following trade(s):
- On Friday, June 26th, Nathan Blecharczyk sold 31,033 shares of Airbnb stock. The stock was 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 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 shares were sold at an average price of $145.81, for a total transaction of $12,884,646.46.
- On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The shares were sold at an average price of $131.40, for a total transaction of $359,904.60.
- On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The stock was sold at an average price of $145.67, for a total transaction of $91,335.09.
- On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The shares were sold at an average price of $145.70, for a total transaction of $8,761,815.20.
- On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The shares were sold at an average price of $145.86, for a total transaction of $3,615,577.68.
- On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The shares were sold at an average price of $145.25, for a total transaction of $1,565,359.25.
Airbnb Trading Down 3.9%
NASDAQ:ABNB opened at $142.95 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a one year low of $110.81 and a one year high of $150.19. The company has a market cap of $86.16 billion, a PE ratio of 35.21, a PEG ratio of 1.60 and a beta of 1.14. The firm has a 50-day moving average of $138.14 and a 200-day moving average of $133.87.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb's revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.
Key Airbnb News
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Recent commentary points to Airbnb’s continued growth momentum, including strong gross bookings and the view that its long-term growth story is still intact. Airbnb’s $90 Billion Growth Story Is Far From Peaking
- Neutral Sentiment: Airbnb reported a CFO insider sale, which can draw investor attention but is relatively small compared with the executive’s remaining stake and does not by itself signal a fundamental change. Elinor Mertz Sells 3,750 Shares of Airbnb (NASDAQ:ABNB) Stock
- Neutral Sentiment: Barclays reiterated a Hold view on Airbnb, suggesting analysts remain cautious but not outright bearish on the stock. Airbnb (ABNB) Receives a Hold from Barclays
- Negative Sentiment: Airbnb was caught in a broad travel-stock decline as oil prices rose and geopolitical tensions increased, pressuring sentiment across the sector. Expedia, Booking, and Airbnb Shares Plummet, What You Need To Know
- Negative Sentiment: Airbnb also underperformed the broader market in the latest session, reinforcing that investors are rotating out of travel and other cyclical names. Here's Why Airbnb, Inc. (ABNB) Fell More Than Broader Market
Analysts Set New Price Targets
A number of equities research analysts recently commented on ABNB shares. Morgan Stanley lowered Airbnb from an "underweight" rating to an "underweight" rating in a research report on Monday, May 4th. Cantor Fitzgerald upgraded shares of Airbnb from a "neutral" rating to an "overweight" rating in a report on Monday, May 4th. HC Wainwright raised shares of Airbnb to a "buy" rating in a research report on Monday, May 4th. Wedbush upgraded shares of Airbnb from a "neutral" rating to a "neutral" rating in a report on Monday, May 4th. Finally, UBS Group upped their target price on Airbnb from $153.00 to $157.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $158.36.
Read Our Latest Stock Analysis on Airbnb
Hedge Funds Weigh In On Airbnb
Several institutional investors have recently bought and sold shares of ABNB. ORG Partners LLC increased its position in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after buying an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after buying an additional 112 shares during the period. Entrust Financial LLC purchased a new position in shares of Airbnb during the 4th quarter valued at $27,000. Meeder Asset Management Inc. lifted its position in shares of 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 buying an additional 105 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its stake in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock worth $27,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.
Airbnb Company Profile
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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.
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