Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Insider Sells $423,939.84 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 2,712 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total transaction of $423,939.84. Following the transaction, the insider now owns 159,337 shares in the company, valued at $24,907,559.84. The trade was a 1.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, February 14th, Nathan Blecharczyk sold 183,078 shares of Airbnb stock. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $144.03 on Thursday. The business’s 50 day moving average price is $136.22 and its 200-day moving average price is $131.58. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market capitalization of $90.82 billion, a PE ratio of 34.87, a P/E/G ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

Several large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. grew its position in shares of Airbnb by 24.6% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,530 shares of the company’s stock valued at $321,000 after purchasing an additional 500 shares in the last quarter. Dakota Wealth Management boosted its stake in Airbnb by 1.8% during the third quarter. Dakota Wealth Management now owns 9,175 shares of the company’s stock worth $1,163,000 after buying an additional 164 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Airbnb by 21.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 111,953 shares of the company’s stock valued at $14,358,000 after buying an additional 20,066 shares in the last quarter. Forsta AP Fonden grew its holdings in Airbnb by 9.4% in the 3rd quarter. Forsta AP Fonden now owns 118,700 shares of the company’s stock valued at $15,052,000 after buying an additional 10,200 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Airbnb by 20.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,770 shares of the company’s stock worth $3,648,000 after acquiring an additional 4,864 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of research reports. Citigroup lifted their price target on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Piper Sandler increased their price target on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. TD Cowen lifted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, Canaccord Genuity Group upped their price objective on shares of Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a report on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $146.48.

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.