Joseph Gebbia Sells 42,719 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at $2,083,378.56. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Airbnb Stock Up 3.6 %

ABNB stock opened at $129.85 on Friday. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The firm has a market cap of $83.63 billion, a PE ratio of 17.38, a PEG ratio of 1.72 and a beta of 1.17. The firm’s 50 day moving average price is $122.16 and its 200-day moving average price is $142.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. Airbnb’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.98 EPS. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.39 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Mizuho reduced their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Sanford C. Bernstein reduced their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research report on Tuesday, September 17th. UBS Group decreased their price objective on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. B. Riley cut their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Finally, Truist Financial decreased their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $134.16.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ABNB. Campbell & CO Investment Adviser LLC raised its stake in shares of Airbnb by 72.2% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 4,044 shares of the company’s stock valued at $551,000 after acquiring an additional 1,695 shares during the period. Jones Financial Companies Lllp raised its position in Airbnb by 204.0% in the fourth quarter. Jones Financial Companies Lllp now owns 526 shares of the company’s stock valued at $72,000 after purchasing an additional 353 shares during the period. Tower Research Capital LLC TRC lifted its stake in Airbnb by 197.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 74,224 shares of the company’s stock worth $10,105,000 after purchasing an additional 49,311 shares in the last quarter. Cibc World Markets Corp boosted its position in shares of Airbnb by 36.7% during the fourth quarter. Cibc World Markets Corp now owns 171,841 shares of the company’s stock worth $23,394,000 after buying an additional 46,163 shares during the period. Finally, American International Group Inc. grew its stake in shares of Airbnb by 9.3% in the fourth quarter. American International Group Inc. now owns 152,426 shares of the company’s stock valued at $20,751,000 after buying an additional 12,933 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.