Key Points
- Nathan Blecharczyk sold 2,738 Airbnb shares at an average price of $184.42, generating approximately $504,942. Following the transaction, he retained 74,808 shares valued at about $13.8 million, after a series of recent stock sales.
- Airbnb reported quarterly earnings of $1.37 per share, exceeding the $1.26 consensus estimate, while revenue rose 16.3% year over year to $3.61 billion.
- Analysts maintain a “Moderate Buy” consensus on Airbnb, with an average price target of $172; the stock opened at $187.30 and has a market capitalization of approximately $112.15 billion.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 2,738 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $184.42, for a total value of $504,941.96. Following the completion of the sale, the insider directly owned 74,808 shares of the company's stock, valued at $13,796,091.36. The trade was a 3.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Nathan Blecharczyk also recently made the following trade(s):
- On Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were 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 stock was sold at an average price of $151.80, for a total value 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 shares were sold at an average price of $145.81, for a total transaction of $12,884,646.46.
Airbnb Stock Up 1.2%
ABNB stock opened at $187.30 on Friday. The firm has a 50 day moving average of $154.16 and a 200 day moving average of $139.50. The stock has a market capitalization of $112.15 billion, a PE ratio of 42.57, a price-to-earnings-growth ratio of 2.14 and a beta of 1.14. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $189.20.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. Airbnb's revenue was up 16.3% compared to the same quarter last year. Sell-side analysts forecast that Airbnb, Inc. will post 5.22 earnings per share for the current year.
Institutional Investors Weigh In On Airbnb
Hedge funds have recently modified their holdings of the company. Transamerica Financial Advisors LLC increased its stake in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new position in Airbnb in the 4th quarter worth about $27,000. Meeder Asset Management Inc. boosted its position in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Sunbelt Securities Inc. boosted its position in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock worth $27,000 after purchasing an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in Airbnb in the third quarter valued at approximately $27,000. 80.76% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
ABNB has been the topic of a number of research analyst reports. BMO Capital Markets boosted their price objective on shares of Airbnb from $146.00 to $165.00 and gave the company a "market perform" rating in a report on Monday, August 10th. Oppenheimer lifted their price target on 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 Airbnb in a research note on Friday, June 5th. They set an "outperform" rating and a $165.00 price target on the stock. Citigroup boosted their price target on Airbnb from $175.00 to $193.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Finally, KeyCorp reissued a "sector weight" rating on shares of Airbnb in a report on Monday, August 10th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $172.00.
Get Our Latest Analysis on ABNB
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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