Airbnb, Inc. (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 9,603 Shares

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Airbnb Trading Up 4.8 %

ABNB stock traded up $6.39 during midday trading on Friday, reaching $139.65. The stock had a trading volume of 1,791,680 shares, compared to its average volume of 4,508,854. The firm has a market cap of $88.53 billion, a price-to-earnings ratio of 46.79, a PEG ratio of 1.86 and a beta of 1.15. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The business has a fifty day simple moving average of $132.34 and a two-hundred day simple moving average of $136.03.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the company earned $2.39 earnings per share. As a group, research analysts expect that Airbnb, Inc. will post 4.04 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ABNB. Sanford C. Bernstein cut their price objective on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Truist Financial decreased their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. B. Riley cut their price target on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Benchmark restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Finally, The Goldman Sachs Group cut their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a research note on Thursday, August 8th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $138.97.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Farrow Financial Inc. boosted its position in Airbnb by 1.0% during the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares during the last quarter. GYL Financial Synergies LLC lifted its stake in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after purchasing an additional 76 shares during the period. Optas LLC lifted its position in shares of Airbnb by 4.5% in the second quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after buying an additional 78 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its stake in shares of Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after acquiring an additional 79 shares during the period. 80.76% of the stock is currently owned by institutional investors.

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.