Key Points
- Airbnb insider Nathan Blecharczyk sold 13,615 shares at an average price of $182.86, generating approximately $2.49 million. The transaction reduced his direct ownership by 36.01% to 24,194 shares.
- Airbnb reported quarterly EPS of $1.37, exceeding estimates of $1.26, while revenue rose 16.3% year over year to $3.61 billion. The stock opened at $186.39, near its 52-week high of $189.20.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $172, despite the stock trading above that level; institutional investors own approximately 80.76% of Airbnb’s shares.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of the firm's stock in a transaction dated 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 transaction, the insider directly owned 24,194 shares in the company, valued at $4,424,114.84. The trade was a 36.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through 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 stock was 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 shares were 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 stock was 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 opened at $186.39 on Thursday. The company has a market capitalization of $111.61 billion, a PE ratio of 42.36, a price-to-earnings-growth ratio of 2.12 and a beta of 1.14. 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 business's fifty day moving average is $151.98 and its 200 day moving average is $138.77. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $189.20.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, topping 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 business had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The business's quarterly revenue was up 16.3% on a year-over-year basis. Sell-side analysts predict that Airbnb, Inc. will post 5.22 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on ABNB. The Goldman Sachs Group set a $170.00 price objective on shares of Airbnb in a research note on Tuesday, July 28th. B. Riley Financial reissued a "buy" rating on shares of Airbnb in a report on Friday, August 7th. Oppenheimer boosted 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. Cantor Fitzgerald upped their price objective on Airbnb from $140.00 to $160.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Finally, Piper Sandler set a $150.00 target price on Airbnb in a research report on Friday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $172.00.
Read Our Latest Stock Analysis on Airbnb
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI grew its position in shares of Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company's stock valued at $727,000 after purchasing an additional 76 shares in the last quarter. BOKF NA lifted its position in shares of Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company's stock worth $107,000 after buying an additional 78 shares in the last quarter. Private Advisor Group LLC boosted its stake in Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company's stock valued at $1,007,000 after buying an additional 86 shares during the last quarter. FSB Premier Wealth Management Inc. boosted its stake in Airbnb by 3.4% during the fourth quarter. FSB Premier Wealth Management Inc. now owns 2,692 shares of the company's stock valued at $365,000 after buying an additional 89 shares during the last quarter. Finally, Norman Fields Gottscho Capital Management LLC grew its holdings in Airbnb by 3.0% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company's stock valued at $441,000 after buying an additional 90 shares in the last quarter. Institutional investors own 80.76% of the company's stock.
Airbnb Company Profile
(
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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