Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) insider Nathan Blecharczyk sold 2,739 shares of Airbnb stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $131.40, for a total transaction of $359,904.60. Following the transaction, the insider owned 81,631 shares in the company, valued at approximately $10,726,313.40. This trade represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Nathan Blecharczyk also recently made the following trade(s):
- On Monday, May 11th, Nathan Blecharczyk sold 627 shares of Airbnb stock. The stock was sold at an average price of $145.67, for a total transaction of $91,335.09.
- On Friday, May 8th, Nathan Blecharczyk sold 60,136 shares of Airbnb stock. The stock was sold at an average price of $145.70, for a total transaction of $8,761,815.20.
- On Wednesday, April 22nd, Nathan Blecharczyk sold 24,788 shares of Airbnb stock. The stock was sold at an average price of $145.86, for a total transaction of $3,615,577.68.
- On Tuesday, April 21st, Nathan Blecharczyk sold 10,777 shares of Airbnb stock. The stock was sold at an average price of $145.25, for a total transaction of $1,565,359.25.
- On Friday, February 20th, Nathan Blecharczyk sold 4,260 shares of Airbnb stock. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40.
Airbnb Price Performance
Shares of NASDAQ:ABNB opened at $134.25 on Friday. The firm has a market cap of $80.91 billion, a PE ratio of 33.07, a price-to-earnings-growth ratio of 1.45 and a beta of 1.20. The firm’s fifty day moving average is $133.56 and its 200-day moving average is $129.82. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25.
More Airbnb News
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Airbnb unveiled a major platform expansion that adds boutique hotels, car rentals, grocery delivery through Instacart, airport/train pickups, luggage storage, and FIFA World Cup-related experiences, which could open new revenue streams and increase app engagement. Airbnb adds hotels, car rentals. Chesky says app can become an ‘Amazon for services’
- Positive Sentiment: The company is also adding AI tools for host onboarding and customer support, which could improve efficiency and the user experience as Airbnb tries to build a broader travel-services ecosystem. Airbnb gets into hotels, expands AI for host onboarding and customer support
- Neutral Sentiment: Management is pitching the app overhaul as an “Amazon for services,” but investors still need proof that these new offerings can meaningfully lift profits and not just add complexity. Airbnb Expands Into Car Rentals, Food, Hotels
- Negative Sentiment: Investors are also weighing new EU short-term rental rules, which could increase compliance costs and highlight pressure on Airbnb’s core home-rental business. Airbnb expands into hotels, cars, groceries
- Negative Sentiment: Fresh insider selling has weighed on sentiment, including director Joseph Gebbia’s sale of 54,000 shares and Chief Strategy Officer Nathan Blecharczyk’s smaller sale, both of which can reinforce caution among traders. SEC filing for Joseph Gebbia transaction
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on ABNB shares. Morgan Stanley lowered shares of Airbnb from an “underweight” rating to an “underweight” rating in a report on Monday, May 4th. Benchmark boosted their target price on shares of Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, May 8th. Mizuho boosted their target price on shares of Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Citigroup restated an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Finally, Wedbush upgraded shares of Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Airbnb has an average rating of “Moderate Buy” and an average target price of $157.67.
View Our Latest Research Report on Airbnb
Institutional Investors Weigh In On Airbnb
Several hedge funds and other institutional investors have recently bought and sold shares of ABNB. Sumitomo Life Insurance Co. increased its position in shares of Airbnb by 15.0% during the third quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after acquiring an additional 8,636 shares in the last quarter. National Pension Service increased its position in shares of Airbnb by 1.1% during the third quarter. National Pension Service now owns 1,096,411 shares of the company’s stock worth $133,126,000 after acquiring an additional 12,453 shares in the last quarter. Chicago Partners Investment Group LLC increased its position in shares of Airbnb by 87.5% during the third quarter. Chicago Partners Investment Group LLC now owns 23,155 shares of the company’s stock worth $2,964,000 after acquiring an additional 10,808 shares in the last quarter. Syntax Research Inc. bought a new stake in shares of Airbnb during the third quarter worth about $1,865,000. Finally, Markel Group Inc. increased its position in shares of Airbnb by 7.1% during the third quarter. Markel Group Inc. now owns 227,133 shares of the company’s stock worth $27,578,000 after acquiring an additional 15,130 shares in the last quarter. 80.76% of the stock is owned by institutional investors.
Airbnb Company Profile
Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.
Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.
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