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 value of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Airbnb Trading Down 1.7 %

ABNB stock opened at $155.31 on Friday. The firm has a fifty day moving average price of $135.15 and a 200 day moving average price of $130.82. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $98.46 billion, a PE ratio of 37.61, a price-to-earnings-growth ratio of 3.89 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping 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 anticipate that Airbnb, Inc. will post 4.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the stock. MJP Associates Inc. ADV lifted its stake in shares of Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after purchasing an additional 67 shares during the last quarter. CAP Partners LLC lifted its position in Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock worth $293,000 after buying an additional 77 shares during the last quarter. Lindbrook Capital LLC lifted its position in Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after buying an additional 78 shares during the last quarter. Ellevest Inc. boosted its stake in Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock worth $349,000 after buying an additional 80 shares during the period. Finally, Manchester Capital Management LLC increased its position in Airbnb by 18.2% during the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after acquiring an additional 81 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

Analyst Ratings Changes

ABNB has been the subject of several analyst reports. DA Davidson increased their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Citigroup increased their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Wedbush reaffirmed an “outperform” rating and issued a $155.00 target price on shares of Airbnb in a research note on Tuesday, February 4th. Baird R W raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $147.00.

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.