Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 54,000 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 54,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $134.86, for a total value of $7,282,440.00. Following the transaction, the director directly owned 15 shares of the company’s stock, valued at approximately $2,022.90. This represents a 99.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $140.37, for a total value of $8,141,460.00.
• On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $142.59, for a total value of $8,270,220.00.
• On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00.
• On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $132.51, for a total value of $7,685,580.00.
• On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $131.27, for a total value of $7,613,660.00.
• On Monday, February 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $121.97, for a total value of $7,074,260.00.

Airbnb Stock Up 3.3%

Airbnb stock opened at $135.55 on Thursday. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The stock has a 50 day moving average of $133.52 and a two-hundred day moving average of $129.76. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $81.70 billion, a price-to-earnings ratio of 33.39, a PEG ratio of 1.41 and a beta of 1.20.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business posted $0.24 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year. As a group, research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several research analyst reports. Susquehanna raised their price objective on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $170.00 price objective on shares of Airbnb in a research note on Friday, May 8th. Morgan Stanley downgraded Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. Mizuho raised their price target on Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Finally, JPMorgan Chase & Co. raised their price target on Airbnb from $130.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $157.67.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aster Capital Management DIFC Ltd acquired a new position in shares of Airbnb during the third quarter worth about $25,000. ORG Partners LLC increased its holdings in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC increased its holdings in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares during the last quarter. Entrust Financial LLC bought a new stake in Airbnb in the fourth quarter valued at about $27,000. Finally, Meeder Asset Management Inc. grew its holdings in shares of Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb announced new offerings including boutique hotels, car rentals, airport and train station pickups, luggage storage, and grocery delivery through Instacart, which could open new revenue streams and increase app usage. Airbnb adds hotels, car rentals. Chesky says app can become an ‘Amazon for services’
• Positive Sentiment: The company is also adding AI-powered travel tools and expanding AI for host onboarding and customer support, which may improve the user experience and help scale operations more efficiently. Airbnb gets into hotels, expands AI for host onboarding and customer support
• Neutral Sentiment: Management is framing the move as building an “ecosystem of services” or an “Amazon for services,” which supports a longer-term growth narrative but does not yet prove the new businesses will materially boost profits. Airbnb Expands Into Car Rentals, Food, Hotels
• Negative Sentiment: The expansion also reflects growing pressure from tighter local regulations on short-term rentals, suggesting Airbnb is diversifying partly because its core home-rental business faces constraints. Airbnb expands into hotels, cars, groceries
• Negative Sentiment: Separate from the product news, director Joseph Gebbia sold 54,000 shares, a disclosure that can weigh on sentiment even if it was a routine transaction. SEC filing for Joseph Gebbia transaction

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.