Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 13,615 Shares

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $148.37, for a total value of $2,020,057.55. Following the sale, the insider directly owned 81,677 shares in the company, valued at $12,118,416.49. The trade was a 14.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Friday, June 26th, Nathan Blecharczyk sold 31,033 shares of Airbnb stock. The stock was sold at an average price of $146.43, for a total value of $4,544,162.19.
• On Thursday, June 25th, Nathan Blecharczyk sold 2,113 shares of Airbnb stock. The shares were sold at an average price of $145.09, for a total value of $306,575.17.
• On Wednesday, June 24th, Nathan Blecharczyk sold 88,366 shares of Airbnb stock. The shares were sold at an average price of $145.81, for a total transaction of $12,884,646.46.
• On Wednesday, May 20th, Nathan Blecharczyk sold 2,739 shares of Airbnb stock. The stock was sold at an average price of $131.40, for a total transaction of $359,904.60.
• 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 shares were 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 shares were 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.

Airbnb Stock Performance

Shares of Airbnb stock opened at $142.95 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $150.19. The stock has a market cap of $86.16 billion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 1.60 and a beta of 1.14. The company’s fifty day moving average is $138.14 and its 200 day moving average is $133.87.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.24 earnings per share. Sell-side analysts forecast that Airbnb, Inc. will post 4.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. DA Davidson increased their target price on shares of Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Tigress Financial dropped their price target on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, April 8th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 price objective on shares of Airbnb in a research note on Thursday, May 21st. HC Wainwright upgraded shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $158.36.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Recent commentary points to Airbnb’s continued growth momentum, including strong gross bookings and the view that its long-term growth story is still intact. Airbnb’s $90 Billion Growth Story Is Far From Peaking
• Neutral Sentiment: Airbnb reported a CFO insider sale, which can draw investor attention but is relatively small compared with the executive’s remaining stake and does not by itself signal a fundamental change. Elinor Mertz Sells 3,750 Shares of Airbnb (NASDAQ:ABNB) Stock
• Neutral Sentiment: Barclays reiterated a Hold view on Airbnb, suggesting analysts remain cautious but not outright bearish on the stock. Airbnb (ABNB) Receives a Hold from Barclays
• Negative Sentiment: Airbnb was caught in a broad travel-stock decline as oil prices rose and geopolitical tensions increased, pressuring sentiment across the sector. Expedia, Booking, and Airbnb Shares Plummet, What You Need To Know
• Negative Sentiment: Airbnb also underperformed the broader market in the latest session, reinforcing that investors are rotating out of travel and other cyclical names. Here’s Why Airbnb, Inc. (ABNB) Fell More Than Broader Market

Institutional Trading of Airbnb

Large investors have recently modified their holdings of the stock. Harris Associates L P lifted its position in shares of 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 acquiring an additional 4,292,383 shares during the period. Independent Franchise Partners LLP acquired a new stake in Airbnb in the third quarter worth $505,672,000. Norges Bank bought a new stake in Airbnb in the fourth quarter valued at $480,332,000. Jennison Associates LLC raised its holdings in shares of Airbnb by 9,331.0% during the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock valued at $400,681,000 after purchasing an additional 3,139,315 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Airbnb by 453.5% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

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.