Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Insider Sells $1,250,502.66 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the sale, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Airbnb Stock Up 3.1 %

Shares of Airbnb stock opened at $137.34 on Friday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a market capitalization of $87.07 billion, a P/E ratio of 48.19, a P/E/G ratio of 1.89 and a beta of 1.15. The company has a 50 day moving average of $132.73 and a 200 day moving average of $135.70.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company posted $2.39 earnings per share. As a group, research analysts forecast that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of a number of recent research reports. TD Cowen boosted their price objective on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Mizuho lowered their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. Bank of America reiterated a “hold” rating and issued a $142.00 target price (up from $132.00) on shares of Airbnb in a report on Friday, October 11th. Finally, BMO Capital Markets cut their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $138.97.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new position in shares of Airbnb during the third quarter worth about $609,000. Advisory Resource Group raised its stake in shares of Airbnb by 25.7% during the 3rd quarter. Advisory Resource Group now owns 10,434 shares of the company’s stock worth $1,323,000 after buying an additional 2,131 shares in the last quarter. TD Private Client Wealth LLC lifted its holdings in shares of Airbnb by 22.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 9,123 shares of the company’s stock valued at $1,157,000 after buying an additional 1,648 shares during the period. Virtue Capital Management LLC boosted its stake in shares of Airbnb by 17.6% in the third quarter. Virtue Capital Management LLC now owns 2,740 shares of the company’s stock valued at $347,000 after buying an additional 410 shares in the last quarter. Finally, Synergy Financial Group LTD grew its holdings in Airbnb by 2.2% during the third quarter. Synergy Financial Group LTD now owns 5,315 shares of the company’s stock worth $674,000 after acquiring an additional 114 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.