Airbnb (NASDAQ:ABNB) Insider Sells $9,343,554.04 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 77,527 shares of the business’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $120.52, for a total transaction of $9,343,554.04. Following the completion of the sale, the insider owned 53,298 shares of the company’s stock, valued at approximately $6,423,474.96. This represents a 59.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The shares were sold at an average price of $116.71, for a total transaction of $385,959.97.

Airbnb Stock Up 2.9%

Shares of ABNB stock opened at $124.32 on Monday. The firm has a market cap of $76.53 billion, a price-to-earnings ratio of 29.53, a PEG ratio of 2.19 and a beta of 1.11. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The company’s 50 day moving average is $121.53 and its 200 day moving average is $127.45.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the company earned $2.13 EPS. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. Analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Mizuho set a $156.00 price objective on Airbnb in a research report on Friday, November 7th. Truist Financial raised their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. BNP Paribas Exane started coverage on shares of Airbnb in a research note on Monday, November 24th. They set a “neutral” rating for the company. Finally, BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $143.88.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently made changes to their positions in the stock. Harris Associates L P grew its position in Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the period. Independent Franchise Partners LLP purchased a new stake in shares of Airbnb during the 3rd quarter worth about $505,672,000. Norges Bank acquired a new stake in shares of Airbnb during the 2nd quarter valued at about $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Airbnb by 453.5% in 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 valued at $403,782,000 after purchasing an additional 2,724,682 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock worth $500,755,000 after purchasing an additional 1,916,676 shares during the period. 80.76% of the stock is owned by hedge funds and other 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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.