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

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

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 ABNB opened at $144.82 on Tuesday. 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 stock’s fifty day moving average price is $135.71 and its two-hundred day moving average price is $131.30. The firm has a market cap of $91.31 billion, a PE ratio of 35.07, a PEG ratio of 3.74 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Trading of Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Edgewood Management LLC grew its stake in Airbnb by 9.2% in the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after acquiring an additional 72,991 shares during the period. Clearbridge Investments LLC grew its position in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after purchasing an additional 2,590,475 shares in the last quarter. Northern Trust Corp raised its stake in shares of Airbnb by 8.4% during the 4th quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock valued at $564,647,000 after purchasing an additional 331,607 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Airbnb by 6,085.6% during the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. Wedbush restated an “outperform” rating and set a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. Barclays upped their target price on Airbnb from $110.00 to $120.00 and gave the company an “underweight” rating in a research report on Friday, February 14th. Truist Financial cut their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Finally, Robert W. Baird upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $146.48.

About Airbnb

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.