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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the completion of the sale, the director now directly owns 2,509,155 shares of the company’s stock, valued at approximately $324,634,473.90. The trade was a 7.87 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 11th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $126.80, for a total value of $27,171,338.00.
• On Tuesday, February 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05.
• On Tuesday, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $129.21, for a total value 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 transaction 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 transaction of $29,129,902.90.

Airbnb Trading Down 3.9 %

Airbnb stock opened at $120.69 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74. The stock has a 50-day moving average price of $135.29 and a 200 day moving average price of $133.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $76.10 billion, a price-to-earnings ratio of 29.22, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on ABNB shares. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. UBS Group increased their target price on shares of Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Susquehanna upped their price target on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Friday, February 14th. Finally, Robert W. Baird reduced their price objective on shares of Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $147.36.

Institutional Investors Weigh In On Airbnb

Several hedge funds have recently added to or reduced their stakes in ABNB. Quest Partners LLC raised its stake in shares of Airbnb by 3,643.9% during the 3rd quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock valued at $271,000 after buying an additional 2,077 shares during the last quarter. Kingsview Wealth Management LLC grew its holdings in Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after acquiring an additional 97 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Airbnb during the third quarter valued at approximately $67,000. Private Trust Co. NA lifted its holdings in Airbnb by 9.9% in the third quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock valued at $142,000 after acquiring an additional 101 shares during the period. Finally, D.A. Davidson & CO. boosted its position in Airbnb by 2.1% in the 3rd quarter. D.A. Davidson & CO. now owns 31,575 shares of the company’s stock worth $4,004,000 after purchasing an additional 650 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.