Airbnb, Inc. (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 2,712 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 2,712 shares of Airbnb 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 sale, the insider now directly owns 159,337 shares in the company, valued at approximately $24,907,559.84. The trade was a 1.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $158.00, for a total value of $28,926,324.00.

Airbnb Stock Performance

Shares of ABNB opened at $144.03 on Thursday. The company has a market capitalization of $90.82 billion, a price-to-earnings ratio of 34.87, a price-to-earnings-growth ratio of 3.52 and a beta of 1.12. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average price of $136.22 and a 200 day moving average price of $131.58.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

ABNB has been the subject of a number of research analyst reports. Piper Sandler increased their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Truist Financial lowered their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Bank of America boosted their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Benchmark increased their price objective on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus target price of $146.48.

Hedge Funds Weigh In On Airbnb

Several large investors have recently bought and sold shares of ABNB. Verde Capital Management lifted its holdings in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Airbnb during the third quarter worth approximately $34,982,000. Tri Ri Asset Management Corp purchased a new stake in Airbnb in the third quarter valued at approximately $6,352,000. J.W. Cole Advisors Inc. boosted its holdings in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after acquiring an additional 2,132 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. grew its position in shares of Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after acquiring an additional 6,357 shares during the last quarter. Institutional investors and hedge funds 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.