Nathan Blecharczyk Sells 60,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Posted by on Sep 17th, 2023

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $145.22, for a total value of $8,713,200.00. Following the transaction, the insider now owns 1,084,797 shares in the company, valued at $157,534,220.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, September 5th, Nathan Blecharczyk sold 20,000 shares of Airbnb stock. The stock was sold at an average price of $142.85, for a total value of $2,857,000.00.
  • On Wednesday, August 30th, Nathan Blecharczyk sold 40,000 shares of Airbnb stock. The stock was sold at an average price of $130.85, for a total value of $5,234,000.00.

Airbnb Trading Down 1.0 %

NASDAQ:ABNB opened at $142.75 on Friday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.39. Airbnb, Inc. has a 1-year low of $81.91 and a 1-year high of $154.95. The firm has a market capitalization of $92.40 billion, a price-to-earnings ratio of 41.62, a price-to-earnings-growth ratio of 1.91 and a beta of 1.29. The stock has a fifty day simple moving average of $138.93 and a 200 day simple moving average of $125.65.

Airbnb (NASDAQ:ABNB – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.21. Airbnb had a return on equity of 42.90% and a net margin of 25.31%. The business had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter last year, the company posted $0.56 EPS. Airbnb’s revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts forecast that Airbnb, Inc. will post 3.72 earnings per share for the current year.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of the business. Prosperity Wealth Management Inc. boosted its position in Airbnb by 50.8% during the 2nd quarter. Prosperity Wealth Management Inc. now owns 3,740 shares of the company’s stock worth $479,000 after acquiring an additional 1,260 shares during the period. Portside Wealth Group LLC acquired a new stake in Airbnb during the 2nd quarter worth about $5,467,000. Virginia Retirement Systems ET AL acquired a new stake in Airbnb during the 2nd quarter worth about $12,688,000. BOKF NA boosted its position in Airbnb by 88.3% during the 2nd quarter. BOKF NA now owns 30,898 shares of the company’s stock worth $3,960,000 after acquiring an additional 14,493 shares during the period. Finally, Vestor Capital LLC boosted its position in Airbnb by 83.8% during the 2nd quarter. Vestor Capital LLC now owns 86,548 shares of the company’s stock worth $11,092,000 after acquiring an additional 39,452 shares during the period. 44.19% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ABNB. Barclays raised their price objective on Airbnb from $136.00 to $141.00 and gave the stock an “equal weight” rating in a research note on Friday, August 4th. TD Cowen dropped their target price on Airbnb from $158.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. The Goldman Sachs Group increased their target price on Airbnb from $97.00 to $117.00 and gave the stock a “sell” rating in a research report on Friday, August 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $160.00 target price on shares of Airbnb in a research report on Friday, August 4th. Finally, Melius began coverage on Airbnb in a research report on Monday, July 31st. They issued a “neutral” rating and a $160.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $144.81.

Check Out Our Latest Research Report on ABNB

Airbnb Company Profile

(Get Free Report)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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