Nathan Blecharczyk Sells 20,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 20,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $142.85, for a total value of $2,857,000.00. Following the completion of the sale, the insider now directly owns 1,144,797 shares of the company’s stock, valued at $163,534,251.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Nathan Blecharczyk also recently made the following trade(s):

• On Wednesday, August 30th, Nathan Blecharczyk sold 40,000 shares of Airbnb stock. The stock was sold at an average price of $130.85, for a total value of $5,234,000.00.

Airbnb Stock Up 1.8 %

Shares of NASDAQ:ABNB opened at $145.82 on Friday. Airbnb, Inc. has a 1 year low of $81.91 and a 1 year high of $154.95. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.47 and a quick ratio of 1.47. The stock’s 50-day moving average is $137.15 and its 200 day moving average is $124.85. The company has a market cap of $94.39 billion, a PE ratio of 42.51, a P/E/G ratio of 1.87 and a beta of 1.29.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.21. Airbnb had a return on equity of 42.90% and a net margin of 25.31%. The company had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the firm posted $0.56 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. Sell-side analysts anticipate that Airbnb, Inc. will post 3.72 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on ABNB shares. Mizuho boosted their price target on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Monday, July 31st. KeyCorp raised their price target on Airbnb from $135.00 to $160.00 and gave the stock an “overweight” rating in a report on Monday, July 24th. Susquehanna increased their price objective on Airbnb from $155.00 to $165.00 in a report on Monday, August 7th. Barclays upped their price target on Airbnb from $136.00 to $141.00 and gave the company an “equal weight” rating in a research report on Friday, August 4th. Finally, The Goldman Sachs Group raised their price objective on shares of Airbnb from $97.00 to $117.00 and gave the company a “sell” rating in a research report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $144.50.

Institutional Trading of Airbnb

Large investors have recently bought and sold shares of the company. Capital Research Global Investors increased its position in Airbnb by 7.2% during the 2nd quarter. Capital Research Global Investors now owns 16,417,581 shares of the company’s stock valued at $2,104,044,000 after buying an additional 1,103,413 shares in the last quarter. Jennison Associates LLC raised its position in shares of Airbnb by 5.0% in the 1st quarter. Jennison Associates LLC now owns 8,971,146 shares of the company’s stock worth $1,116,011,000 after purchasing an additional 429,772 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Airbnb by 18.2% in the 4th quarter. Renaissance Technologies LLC now owns 8,602,746 shares of the company’s stock worth $735,535,000 after purchasing an additional 1,323,719 shares in the last quarter. Geode Capital Management LLC grew its position in Airbnb by 6.1% during the 2nd quarter. Geode Capital Management LLC now owns 4,737,415 shares of the company’s stock valued at $606,712,000 after purchasing an additional 273,316 shares during the last quarter. Finally, Norges Bank bought a new stake in Airbnb during the 4th quarter valued at about $332,438,000. 44.19% of the stock is owned by institutional investors.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.