Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 39,806 Shares

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 39,806 shares of the company’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $120.22, for a total value of $4,785,477.32. Following the sale, the insider directly owned 130,825 shares of the company’s stock, valued at approximately $15,727,781.50. This represents a 23.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, December 9th, Nathan Blecharczyk sold 36,370 shares of Airbnb stock. The shares were sold at an average price of $123.24, for a total value of $4,482,238.80.
• On Monday, December 8th, Nathan Blecharczyk sold 141,063 shares of Airbnb stock. The stock was sold at an average price of $121.96, for a total value of $17,204,043.48.
• On Friday, December 5th, Nathan Blecharczyk sold 30,311 shares of Airbnb stock. The stock was sold at an average price of $123.70, for a total value of $3,749,470.70.
• On Friday, December 5th, Nathan Blecharczyk sold 23,761 shares of Airbnb stock. The shares were sold at an average price of $122.70, for a total transaction of $2,915,474.70.
• On Thursday, December 4th, Nathan Blecharczyk sold 77,527 shares of Airbnb stock. The stock was sold at an average price of $120.52, for a total transaction of $9,343,554.04.
• On Friday, November 28th, Nathan Blecharczyk sold 3,307 shares of Airbnb stock. The stock was sold at an average price of $116.71, for a total transaction of $385,959.97.

Airbnb Stock Up 1.7%

Shares of NASDAQ:ABNB opened at $127.57 on Thursday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm’s 50-day simple moving average is $121.70 and its 200-day simple moving average is $127.40. The company has a market cap of $78.53 billion, a price-to-earnings ratio of 30.30, a PEG ratio of 2.21 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the previous year, the business earned $2.13 EPS. Airbnb’s revenue for the quarter was up 9.9% on a year-over-year basis. On average, research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. SouthState Corp raised its holdings in shares of Airbnb by 216.1% in the first quarter. SouthState Corp now owns 294 shares of the company’s stock worth $35,000 after acquiring an additional 201 shares during the last quarter. Public Sector Pension Investment Board increased its position in Airbnb by 10.8% during the 1st quarter. Public Sector Pension Investment Board now owns 58,816 shares of the company’s stock worth $7,026,000 after purchasing an additional 5,717 shares in the last quarter. Callan Family Office LLC increased its position in Airbnb by 49.5% during the 1st quarter. Callan Family Office LLC now owns 8,584 shares of the company’s stock worth $1,025,000 after purchasing an additional 2,842 shares in the last quarter. Westpac Banking Corp raised its stake in Airbnb by 14.2% in the 1st quarter. Westpac Banking Corp now owns 21,377 shares of the company’s stock valued at $2,554,000 after purchasing an additional 2,650 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its holdings in Airbnb by 7.7% in the 1st quarter. Resona Asset Management Co. Ltd. now owns 135,772 shares of the company’s stock valued at $16,246,000 after purchasing an additional 9,764 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. KeyCorp started coverage on Airbnb in a report on Thursday, October 23rd. They set a “sector weight” rating on the stock. Wells Fargo & Company boosted their target price on shares of Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday, December 1st. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Mizuho set a $156.00 price objective on shares of Airbnb in a research note on Friday, November 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a report 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’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $143.88.

Airbnb Company Profile

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.