Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia Sells 214,285 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the sale, the director now owns 428,575 shares of the company’s stock, valued at approximately $60,827,649.75. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Tuesday, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.21, for a total transaction of $27,687,764.85.
• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75.
• 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 value of $29,129,902.90.
• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $131.88, for a total value 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.

Airbnb Stock Performance

Shares of ABNB stock opened at $139.45 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market cap of $87.93 billion, a P/E ratio of 33.77, a PEG ratio of 3.52 and a beta of 1.12. The firm has a fifty day moving average price of $136.43 and a 200 day moving average price of $131.63.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results 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 return on equity of 32.29% and a net margin of 23.85%. Sell-side analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

ABNB has been the topic of several analyst reports. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Friday, February 14th. DA Davidson lifted their price target on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Evercore ISI increased their price target on Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Citigroup boosted their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Bank of America lifted their price target on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $146.48.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hennion & Walsh Asset Management Inc. raised its holdings in Airbnb by 24.6% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,530 shares of the company’s stock worth $321,000 after purchasing an additional 500 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Airbnb by 20.3% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 28,770 shares of the company’s stock worth $3,648,000 after purchasing an additional 4,864 shares in the last quarter. J.W. Cole Advisors Inc. grew its stake in shares of Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after purchasing an additional 2,132 shares during the period. Pallas Capital Advisors LLC increased its holdings in shares of Airbnb by 48.3% in the 3rd quarter. Pallas Capital Advisors LLC now owns 13,222 shares of the company’s stock valued at $1,755,000 after purchasing an additional 4,305 shares in the last quarter. Finally, abrdn plc lifted its stake in shares of Airbnb by 15.4% in the third quarter. abrdn plc now owns 175,182 shares of the company’s stock valued at $22,245,000 after purchasing an additional 23,428 shares during the period. 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.