Insider Selling: Airbnb (NASDAQ:ABNB) Director Sells $4,160,227.33 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 27,733 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $150.01, for a total transaction of $4,160,227.33. Following the transaction, the director directly owned 2,597,579 shares in the company, valued at approximately $389,662,825.79. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Monday, June 29th, Joseph Gebbia sold 294,903 shares of Airbnb stock. The stock was sold at an average price of $148.43, for a total value of $43,772,452.29.
• On Monday, June 15th, Joseph Gebbia sold 265,000 shares of Airbnb stock. The shares were sold at an average price of $138.51, for a total value of $36,705,150.00.
• On Monday, June 1st, Joseph Gebbia sold 265,000 shares of Airbnb stock. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00.
• On Tuesday, May 26th, Joseph Gebbia sold 2,860 shares of Airbnb stock. The stock was sold at an average price of $133.44, for a total value of $381,638.40.
• On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The stock was sold at an average price of $134.86, for a total value of $7,282,440.00.
• 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 transaction of $8,270,220.00.

Airbnb Stock Up 0.8%

Shares of ABNB stock traded up $1.15 during trading hours on Tuesday, reaching $148.80. 2,282,394 shares of the company’s stock were exchanged, compared to its average volume of 3,575,042. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $150.19. The stock’s 50 day moving average is $138.11 and its 200-day moving average is $133.81. 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 company has a market cap of $89.68 billion, a price-to-earnings ratio of 36.65, a P/E/G ratio of 1.58 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. Analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently modified their holdings of the company. ORG Partners LLC lifted its position in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC lifted its position in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 112 shares during the last quarter. Entrust Financial LLC acquired a new position in shares of Airbnb in the 4th quarter valued at $27,000. Meeder Asset Management Inc. grew its position in shares of Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ABNB. Evercore reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Susquehanna raised their target price on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Friday, May 8th. Wells Fargo & Company lifted their price target on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Scotiabank assumed coverage on Airbnb in a report on Monday, May 4th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Moderate Buy” and an average target price of $158.36.

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.