Airbnb, Inc. (NASDAQ:ABNB) Director Sells $29,129,902.90 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90. Following the completion of the sale, the director now directly owns 1,285,715 shares of the company’s stock, valued at $174,780,097.10. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 stock was 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

ABNB stock opened at $130.80 on Thursday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The business’s fifty day moving average is $135.20 and its 200-day moving average is $132.95. The company has a market cap of $82.92 billion, a P/E ratio of 45.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13.

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

Analyst Ratings Changes

ABNB has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Susquehanna boosted their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Barclays raised their price target on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. TD Cowen upped their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, Truist Financial reduced their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $139.48.

Institutional Investors Weigh In On Airbnb

Several large investors have recently bought and sold shares of the company. Koshinski Asset Management Inc. increased its position in shares of Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after buying an additional 85 shares in the last quarter. Edge Capital Group LLC raised 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 buying an additional 87 shares during the period. Lazari Capital Management Inc. lifted its stake in Airbnb by 3.6% in the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock valued at $382,000 after buying an additional 88 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock worth $74,000 after acquiring an additional 94 shares during the period. Finally, Kingsview Wealth Management LLC grew its stake in shares of Airbnb by 2.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after acquiring an additional 97 shares in the last quarter. 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.