Nathan Blecharczyk Sells 183,078 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 183,078 shares of the firm’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. The trade was a 52.62 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Airbnb Stock Performance

NASDAQ:ABNB opened at $155.31 on Friday. The stock has a market cap of $98.46 billion, a P/E ratio of 37.61, a PEG ratio of 3.89 and a beta of 1.12. 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 business’s 50-day moving average price is $135.15 and its two-hundred day moving average price is $130.82. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts predict that Airbnb, Inc. will post 4.29 EPS for the current fiscal year.

Institutional Trading of Airbnb

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on ABNB shares. Truist Financial dropped their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a report on Friday, February 14th. Wells Fargo & Company lowered their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. Finally, Wedbush reissued an “outperform” rating and set a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $147.00.

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.