Airbnb (NASDAQ:ABNB) Insider Nathan Blecharczyk Sells 3,307 Shares

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) insider Nathan Blecharczyk sold 3,307 shares of the firm’s stock in a transaction on Friday, November 28th. The stock was sold at an average price of $116.71, for a total value of $385,959.97. Following the completion of the transaction, the insider owned 175,793 shares of the company’s stock, valued at $20,516,801.03. This trade represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Airbnb Price Performance

Airbnb stock traded down $0.30 during trading hours on Tuesday, hitting $118.50. 6,584,417 shares of the stock traded hands, compared to its average volume of 5,180,614. The firm’s 50 day moving average price is $121.70 and its 200-day moving average price is $127.80. The stock has a market capitalization of $72.94 billion, a price-to-earnings ratio of 28.15, a P/E/G ratio of 2.06 and a beta of 1.11. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB – Get Free Report) last released its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the firm earned $2.13 EPS. Research analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ABNB. DDD Partners LLC raised its position in Airbnb by 3.9% during the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after acquiring an additional 76 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after purchasing an additional 78 shares in the last quarter. Harbour Investments Inc. raised its position in shares of Airbnb by 12.2% during the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock worth $88,000 after purchasing an additional 80 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its holdings in Airbnb by 0.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after buying an additional 85 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Upgrades and Downgrades

ABNB has been the topic of several recent research reports. Mizuho set a $156.00 price objective on shares of Airbnb in a report on Friday, November 7th. BNP Paribas initiated coverage on Airbnb in a research report on Monday, November 24th. They set a “hold” rating on the stock. Wedbush reiterated a “neutral” rating and set a $130.00 price objective on shares of Airbnb in a research note on Friday, November 7th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Finally, Wells Fargo & Company raised their target price on Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a report on Monday. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $143.58.

Get Our Latest Analysis 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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.

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