Joseph Gebbia Sells 236,000 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $128.47, for a total value of $30,318,920.00. Following the transaction, the director owned 468,015 shares in the company, valued at approximately $60,125,887.05. This trade represents a 33.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, October 13th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $119.22, for a total value of $28,135,920.00.
• On Monday, September 29th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $123.57, for a total value of $29,162,520.00.
• On Monday, September 15th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $120.76, for a total value of $28,499,360.00.
• On Tuesday, September 2nd, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $127.53, for a total transaction of $30,097,080.00.
• On Monday, August 18th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $125.36, for a total transaction of $29,584,960.00.
• On Monday, August 4th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $129.71, for a total transaction of $30,611,560.00.

Airbnb Trading Down 0.1%

Shares of NASDAQ:ABNB opened at $126.34 on Friday. The firm has a 50 day moving average of $124.62 and a 200-day moving average of $128.27. The stock has a market capitalization of $78.51 billion, a PE ratio of 30.59, a PEG ratio of 2.30 and a beta of 1.10. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.11. The business had revenue of $3.10 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period last year, the firm posted $0.86 earnings per share. On average, research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on ABNB shares. BNP Paribas upgraded Airbnb to a “hold” rating in a research report on Wednesday, July 16th. Jefferies Financial Group lowered their target price on Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research note on Monday, August 11th. KeyCorp assumed coverage on shares of Airbnb in a report on Thursday, October 23rd. They set a “sector weight” rating on the stock. Mizuho initiated coverage on shares of Airbnb in a report on Monday, September 29th. They set an “outperform” rating and a $151.00 price target on the stock. Finally, Citizens Jmp upgraded shares of Airbnb to a “hold” rating in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, twenty have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $141.70.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kentucky Trust Co bought a new stake in Airbnb during the 2nd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares during the period. Concord Wealth Partners acquired a new position in shares of Airbnb during the second quarter worth $28,000. Whipplewood Advisors LLC raised its position in Airbnb by 235.3% during the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after purchasing an additional 160 shares during the last quarter. Finally, Root Financial Partners LLC bought a new position in Airbnb during the 3rd quarter worth $32,000. Institutional investors own 80.76% of the company’s stock.

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.