Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Insider Sells $3,792,330.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) insider Nathan Blecharczyk sold 26,154 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $145.00, for a total value of $3,792,330.00. Following the sale, the insider now owns 159,337 shares in the company, valued at approximately $23,103,865. This trade represents a 14.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Thursday, February 20th, Nathan Blecharczyk sold 2,712 shares of Airbnb stock. The stock was sold at an average price of $156.32, for a total transaction of $423,939.84.
• 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

NASDAQ ABNB opened at $138.87 on Monday. The company has a market cap of $87.56 billion, a P/E ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12. The company has a fifty day simple moving average of $136.52 and a 200 day simple moving average of $132.02. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on ABNB. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Friday, February 14th. TD Cowen lifted their target price on Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Baird R W raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Bank of America lifted their price objective on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. Finally, Evercore ISI upped their target price on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $146.48.

Hedge Funds Weigh In On Airbnb

Hedge funds have recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $25,000. Hollencrest Capital Management grew its holdings in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Berbice Capital Management LLC purchased a new stake in Airbnb in the 4th quarter valued at $26,000. Park Square Financial Group LLC bought a new position in Airbnb during the 4th quarter valued at $26,000. Finally, Orion Capital Management LLC bought a new position in Airbnb during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.