Nathan Blecharczyk Sells 77,527 Shares of Airbnb (NASDAQ:ABNB) Stock

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

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

• 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 2.9%

Shares of Airbnb stock traded up $3.50 during trading on Friday, reaching $124.32. The company’s stock had a trading volume of 3,961,515 shares, compared to its average volume of 5,172,062. The company has a 50-day simple moving average of $121.52 and a two-hundred day simple moving average of $127.57. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a market cap of $76.53 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 2.11 and a beta of 1.11.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $4.08 billion. During the same quarter in the previous year, the firm posted $2.13 earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on ABNB shares. BMO Capital Markets set a $124.00 target price on Airbnb and gave the company a “market perform” rating in a report on Thursday, August 7th. Sanford C. Bernstein restated an “outperform” rating and issued a $165.00 price target on shares of Airbnb in a research note on Friday, November 7th. Phillip Securities upgraded shares of Airbnb from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 8th. BNP Paribas started coverage on shares of Airbnb in a research note on Monday, November 24th. They set a “hold” rating on the stock. Finally, Wedbush restated a “neutral” rating and set a $130.00 target price on shares of Airbnb in a research report on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $143.88.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of Airbnb by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company’s stock valued at $4,649,814,000 after buying an additional 649,323 shares during the period. Harris Associates L P boosted its position in Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Airbnb by 1.5% during the second quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company’s stock valued at $1,314,057,000 after acquiring an additional 145,788 shares during the period. Northern Trust Corp grew its position in Airbnb by 2.5% in the 1st quarter. Northern Trust Corp now owns 4,402,970 shares of the company’s stock worth $525,979,000 after purchasing an additional 106,135 shares during the last quarter. Finally, AQR Capital Management LLC grew 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 buying an additional 1,916,676 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.