Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Insider Sells 183,078 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $26,046,300. This represents a 52.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Airbnb Stock Performance

ABNB traded down $2.77 during trading hours on Wednesday, reaching $157.83. The company’s stock had a trading volume of 6,889,056 shares, compared to its average volume of 5,117,738. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company’s 50-day moving average is $134.42 and its 200-day moving average is $130.45. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $100.06 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.38 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities analysts forecast that Airbnb, Inc. will post 4.27 EPS for the current year.

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. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the third quarter valued at approximately $25,000. Golden State Wealth Management LLC purchased a new position in Airbnb in the fourth quarter worth $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Berbice Capital Management LLC purchased a new position in Airbnb in the fourth quarter worth $26,000. Finally, Orion Capital Management LLC purchased a new position in shares of Airbnb during the 4th quarter valued at $28,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ABNB. Canaccord Genuity Group increased their price target on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. HSBC raised shares of Airbnb from a “hold” rating to a “buy” rating in a research report on Friday, February 14th. Finally, UBS Group lifted their target price on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $147.00.

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.