Airbnb, Inc. (NASDAQ:ABNB) Director Sells $27,632,050.75 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. The trade was a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Joseph Gebbia also recently made the following trade(s):

• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90.
• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80.
• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The shares were sold at an average price of $137.14, for a total transaction of $2,667,098.72.
• On Tuesday, November 19th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00.

Airbnb Stock Performance

NASDAQ ABNB opened at $135.12 on Friday. The firm has a market cap of $85.66 billion, a P/E ratio of 47.41, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $134.16 and its 200-day moving average is $132.11. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm earned $2.39 EPS. Sell-side analysts predict that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on ABNB. Truist Financial decreased their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a report on Wednesday, December 4th. Wedbush raised their price objective on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. JMP Securities reissued a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Bank of America raised their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Finally, Citigroup boosted their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Airbnb has a consensus rating of “Hold” and an average price target of $139.63.

Institutional Trading of Airbnb

A number of institutional investors have recently added to or reduced their stakes in ABNB. Salvus Wealth Management LLC increased its position in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the period. Koshinski Asset Management Inc. increased its holdings in Airbnb by 3.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock worth $292,000 after acquiring an additional 85 shares during the period. Edge Capital Group LLC increased its holdings in Airbnb by 1.2% during the 2nd quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after acquiring an additional 87 shares during the period. Lazari Capital Management Inc. lifted its stake in Airbnb by 3.6% in the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after purchasing an additional 88 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Airbnb by 19.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after purchasing an additional 94 shares during the period. Hedge funds and other institutional investors 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.