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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the sale, the director now owns 1,285,715 shares of the company’s stock, valued at $169,560,094.20. The trade was a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The stock was 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 stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00.
• On Tuesday, October 1st, Joseph Gebbia sold 42,719 shares of Airbnb stock. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12.

Airbnb Trading Up 1.4 %

Shares of NASDAQ:ABNB opened at $129.35 on Friday. 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 price is $135.71 and its 200 day moving average price is $134.42. The company has a market cap of $82.00 billion, a PE ratio of 45.39, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Piper Sandler upped their price target on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Truist Financial decreased their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Finally, Citigroup lifted their target price on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Six 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. According to data from MarketBeat, Airbnb has a consensus rating of “Hold” and an average target price of $139.48.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Airbnb in the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb in the third quarter worth approximately $6,352,000. J.W. Cole Advisors Inc. boosted its stake in Airbnb by 86.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock valued at $583,000 after purchasing an additional 2,132 shares in the last quarter. Shellback Capital LP acquired a new position in shares of Airbnb during the 2nd quarter valued at $22,744,000. Finally, Bradley Foster & Sargent Inc. CT raised its stake in shares of Airbnb by 1,231.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after buying an additional 19,183 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.