Airbnb, Inc. (NASDAQ:ABNB) Director Sells $28,397,048.20 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $132.52, for a total value of $28,397,048.20. Following the completion of the transaction, the director now owns 1,652,015 shares in the company, valued at approximately $218,925,027.80. This represents a 11.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, May 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $122.84, for a total transaction of $26,322,769.40.
• On Tuesday, April 22nd, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $114.22, for a total transaction of $24,475,632.70.
• On Tuesday, April 8th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60.
• On Tuesday, March 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.38, for a total value of $27,724,193.30.
• 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 stock was sold at an average price of $141.93, for a total value of $30,413,470.05.

Airbnb Stock Up 0.1%

ABNB stock opened at $127.65 on Friday. The stock’s 50 day simple moving average is $122.39 and its 200 day simple moving average is $131.12. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market cap of $79.96 billion, a P/E ratio of 30.91, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.41 earnings per share. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the subject of a number of recent research reports. Citigroup lowered their target price on Airbnb from $170.00 to $155.00 and set a “buy” rating for the company in a report on Monday, May 5th. Royal Bank of Canada lowered their target price on Airbnb from $160.00 to $140.00 and set a “sector perform” rating for the company in a report on Friday, May 2nd. JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a report on Friday, May 2nd. DA Davidson raised Airbnb from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $170.00 to $155.00 in a report on Wednesday, April 30th. Finally, Wedbush cut Airbnb from an “outperform” rating to a “neutral” rating and lowered their target price for the stock from $150.00 to $135.00 in a report on Friday, May 2nd. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $141.43.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Golden State Wealth Management LLC purchased a new stake in shares of Airbnb in the fourth quarter worth approximately $25,000. Berbice Capital Management LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC increased its position in shares of Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after acquiring an additional 106 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.