Key Points
- Airbnb insider Nathan Blecharczyk sold 13,615 shares for approximately $2.25 million at an average price of $165.18, reducing his position by 39.83% to 20,567 shares.
- The sale follows numerous additional insider transactions, including the sale of 531,000 shares for $92.6 million on August 7, indicating substantial insider selling in recent months.
- Airbnb recently exceeded quarterly earnings and revenue expectations, while analysts maintain a “Moderate Buy” consensus with an average price target of $181.93; institutional investors own 80.76% of the stock.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) insider Nathan Blecharczyk sold 13,615 shares of the business's stock in a transaction on Monday, October 12th. The stock was sold at an average price of $165.18, for a total transaction of $2,248,925.70. Following the completion of the transaction, the insider owned 20,567 shares in the company, valued at $3,397,257.06. This represents a 39.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nathan Blecharczyk also recently made the following trade(s):
- On Monday, September 28th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $156.82, for a total value of $2,135,104.30.
- On Monday, September 14th, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The shares were sold at an average price of $172.36, for a total value of $2,346,681.40.
- On Monday, August 31st, Nathan Blecharczyk sold 13,615 shares of Airbnb stock. The stock was sold at an average price of $187.27, for a total value of $2,549,681.05.
- On Friday, August 28th, Nathan Blecharczyk sold 57,160 shares of Airbnb stock. The stock was sold at an average price of $190.71, for a total value of $10,900,983.60.
- On Wednesday, August 26th, Nathan Blecharczyk sold 19,659 shares of Airbnb stock. The stock was sold at an average price of $190.73, for a total value of $3,749,561.07.
- 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 value 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 value 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 value 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 value 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 value of $92,611,710.00.
Airbnb Stock Performance
Shares of ABNB opened at $167.06 on Thursday. The business's 50 day moving average is $172.51 and its two-hundred day moving average is $150.75. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $193.45. The firm has a market cap of $100.03 billion, a price-to-earnings ratio of 37.97, a PEG ratio of 1.90 and a beta of 1.24. 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 (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%. The company had revenue of $3.61 billion during the quarter, compared to analysts' expectations of $3.58 billion. During the same period in the prior year, the business posted $1.03 EPS. The business's revenue was up 16.3% on a year-over-year basis. Analysts forecast that Airbnb, Inc. will post 5.28 EPS for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently issued reports on ABNB shares. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a report on Tuesday, August 11th. Gordon Haskett raised their price objective on shares of Airbnb from $146.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, September 10th. BMO Capital Markets raised their price objective on shares of Airbnb from $146.00 to $165.00 and gave the stock a "market perform" rating in a report on Monday, August 10th. KeyCorp assumed coverage on shares of Airbnb in a research report on Friday, October 2nd. They issued a "sector weight" rating for the company. Finally, Truist Financial boosted their target price on shares of Airbnb from $134.00 to $161.00 and gave the stock a "hold" rating in a research report on Thursday, September 10th. Two research analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Airbnb presently has an average rating of "Moderate Buy" and an average price target of $181.93.
Read Our Latest Analysis on ABNB
Institutional Trading of Airbnb
A number of large investors have recently modified their holdings of the company. Wellington Management Group LLP grew its position in Airbnb by 80.6% in the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company's stock worth $827,929,000 after purchasing an additional 2,581,539 shares during the last quarter. Independent Franchise Partners LLP increased its stake in shares of Airbnb by 23.6% in the fourth quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company's stock valued at $698,452,000 after purchasing an additional 981,624 shares during the period. Amundi raised its holdings in shares of Airbnb by 8.6% during the first quarter. Amundi now owns 4,686,765 shares of the company's stock valued at $591,845,000 after buying an additional 370,426 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Airbnb by 9,331.0% during the first 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 during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Airbnb during the second quarter valued at approximately $330,085,000. Institutional investors and hedge funds own 80.76% of the company's stock.
Airbnb Company Profile
(
Get Free Report)
Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company's platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.
In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.
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