Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 19,659 shares of Airbnb stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $190.73, for a total transaction of $3,749,561.07. Following the sale, the insider owned 20,567 shares in the company, valued at approximately $3,922,743.91. This represents a 48.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nathan Blecharczyk also recently made the following trade(s):
- On Tuesday, August 25th, Nathan Blecharczyk sold 202,652 shares of Airbnb stock. The shares were sold at an average price of $190.28, for a total transaction of $38,560,622.56.
- On Monday, August 24th, Nathan Blecharczyk sold 150,640 shares of Airbnb stock. The shares were sold at an average price of $190.94, for a total transaction of $28,763,201.60.
- On Thursday, August 20th, Nathan Blecharczyk sold 2,738 shares of Airbnb stock. The shares were sold at an average price of $184.42, for a total transaction of $504,941.96.
- On Monday, August 17th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $182.86, for a total transaction of $2,489,638.90.
- On Friday, August 7th, Nathan Blecharczyk sold 531,000 shares of Airbnb stock. The stock was 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 shares were 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 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 value of $306,575.17.
Airbnb Trading Up 2.7%
Shares of ABNB stock opened at $189.43 on Friday. The stock has a market cap of $113.43 billion, a price-to-earnings ratio of 43.05, a PEG ratio of 2.13 and a beta of 1.14. The stock has a 50-day moving average of $158.90 and a 200-day moving average of $141.74. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $193.45.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The firm's revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. On average, equities research analysts forecast that Airbnb, Inc. will post 5.23 earnings per share for the current year.
Institutional Investors Weigh In On Airbnb
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its position in shares of Airbnb by 13,162.3% during the 2nd quarter. California State Teachers Retirement System now owns 91,253,439 shares of the company's stock worth $13,058,367,000 after purchasing an additional 90,565,372 shares in the last quarter. Harris Associates L P grew its stake in shares of Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company's stock valued at $1,884,168,000 after buying an additional 4,292,383 shares during the period. Norges Bank bought a new stake in Airbnb in the 4th quarter valued at about $480,332,000. Jennison Associates LLC increased its position in Airbnb by 9,331.0% in the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company's stock valued at $400,681,000 after buying an additional 3,139,315 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 worth $403,782,000 after buying an additional 2,724,682 shares during the period. 80.76% of the stock is owned by institutional investors.
Analysts Set New Price Targets
ABNB has been the topic of a number of recent analyst reports. Rodman & Renshaw started coverage on shares of Airbnb in a research report on Monday, May 4th. They issued a "buy" rating on the stock. KeyCorp reiterated a "sector weight" rating on shares of Airbnb in a research report on Monday, August 10th. Raymond James Financial raised shares of Airbnb from a "market perform" rating to a "strong-buy" rating in a research note on Monday, May 4th. Piper Sandler set a $150.00 target price on shares of Airbnb in a report on Friday, August 7th. Finally, Sanford C. Bernstein upped their price target on shares of Airbnb from $168.00 to $217.00 and gave the company an "outperform" rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Airbnb has an average rating of "Moderate Buy" and a consensus price target of $174.03.
View Our Latest Research Report on Airbnb
About Airbnb
(
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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