Nathan Blecharczyk Sells 17,445 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 17,445 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $125.35, for a total value of $2,186,730.75. Following the completion of the transaction, the insider now directly owns 922,615 shares in the company, valued at $115,649,790.25. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Thursday, November 2nd, Nathan Blecharczyk sold 300 shares of Airbnb stock. The shares were sold at an average price of $121.60, for a total value of $36,480.00.
• On Wednesday, October 25th, Nathan Blecharczyk sold 26,077 shares of Airbnb stock. The shares were sold at an average price of $119.56, for a total value of $3,117,766.12.
• On Wednesday, October 11th, Nathan Blecharczyk sold 40,000 shares of Airbnb stock. The shares were sold at an average price of $130.29, for a total value of $5,211,600.00.
• On Wednesday, September 27th, Nathan Blecharczyk sold 40,000 shares of Airbnb stock. The shares were sold at an average price of $133.22, for a total value of $5,328,800.00.
• On Wednesday, September 13th, Nathan Blecharczyk sold 60,000 shares of Airbnb stock. The shares were sold at an average price of $145.22, for a total value of $8,713,200.00.
• On Tuesday, September 5th, Nathan Blecharczyk sold 20,000 shares of Airbnb stock. The stock was sold at an average price of $142.85, for a total value of $2,857,000.00.
• 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 Trading Up 0.7 %

Shares of Airbnb stock opened at $127.15 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.78 and a current ratio of 1.78. Airbnb, Inc. has a 52 week low of $81.91 and a 52 week high of $154.95. The stock has a 50 day moving average price of $127.63 and a two-hundred day moving average price of $127.94. The stock has a market capitalization of $82.45 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.56 and a beta of 1.26.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. grew its stake in Airbnb by 3.3% in the second quarter. Pinnacle Associates Ltd. now owns 2,056 shares of the company’s stock valued at $263,000 after acquiring an additional 66 shares during the period. New World Advisors LLC lifted its holdings in shares of Airbnb by 2.1% in the second quarter. New World Advisors LLC now owns 3,220 shares of the company’s stock valued at $413,000 after purchasing an additional 67 shares in the last quarter. Column Capital Advisors LLC lifted its holdings in shares of Airbnb by 5.8% in the first quarter. Column Capital Advisors LLC now owns 1,455 shares of the company’s stock valued at $181,000 after purchasing an additional 80 shares in the last quarter. Accredited Investors Inc. lifted its holdings in shares of Airbnb by 4.0% in the second quarter. Accredited Investors Inc. now owns 2,190 shares of the company’s stock valued at $281,000 after purchasing an additional 85 shares in the last quarter. Finally, Institutional & Family Asset Management LLC lifted its holdings in shares of Airbnb by 36.9% in the second quarter. Institutional & Family Asset Management LLC now owns 323 shares of the company’s stock valued at $41,000 after purchasing an additional 87 shares in the last quarter. Institutional investors and hedge funds own 44.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ABNB shares. Piper Sandler dropped their price objective on Airbnb from $142.00 to $123.00 and set a “neutral” rating for the company in a research report on Thursday, November 2nd. TD Cowen dropped their price objective on Airbnb from $158.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Morgan Stanley dropped their target price on Airbnb from $110.00 to $105.00 and set an “underweight” rating for the company in a research report on Thursday, November 2nd. Wells Fargo & Company dropped their target price on Airbnb from $114.00 to $111.00 in a research report on Thursday, October 5th. Finally, Tigress Financial reiterated a “buy” rating and issued a $185.00 target price on shares of Airbnb in a research report on Tuesday, August 22nd. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.94.

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.