Joseph Gebbia Sells 58,000 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, December 29th. The stock was sold at an average price of $136.70, for a total value of $7,928,600.00. Following the transaction, the director directly owned 576,015 shares in the company, valued at approximately $78,741,250.50. This represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $130.56, for a total value of $7,572,480.00.
• On Monday, December 1st, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $118.47, for a total value of $6,871,260.00.
• On Monday, November 24th, Joseph Gebbia sold 232,000 shares of Airbnb stock. The stock was sold at an average price of $114.22, for a total value of $26,499,040.00.
• On Monday, November 10th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $120.66, for a total transaction of $28,475,760.00.
• On Monday, October 27th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $128.47, for a total transaction of $30,318,920.00.
• 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 transaction of $28,135,920.00.

Airbnb Price Performance

Shares of ABNB traded down $1.19 during midday trading on Wednesday, hitting $135.72. The stock had a trading volume of 2,151,719 shares, compared to its average volume of 5,106,312. The firm has a market cap of $83.54 billion, a price-to-earnings ratio of 32.24, a price-to-earnings-growth ratio of 2.40 and a beta of 1.11. The company has a 50 day simple moving average of $125.09 and a two-hundred day simple moving average of $127.42. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the company earned $2.13 earnings per share. Analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on ABNB shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Mizuho set a $156.00 target price on Airbnb in a research report on Friday, November 7th. BNP Paribas Exane assumed coverage on Airbnb in a research note on Monday, November 24th. They set a “neutral” rating on the stock. UBS Group boosted their price target on Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Finally, Jefferies Financial Group upped their price objective on Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a report on Friday, December 5th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nineteen have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $144.48.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board lifted its holdings in shares of Airbnb by 34.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 83,525 shares of the company’s stock worth $9,978,000 after acquiring an additional 21,405 shares during the period. DRW Securities LLC increased its stake in Airbnb by 47.7% in the first quarter. DRW Securities LLC now owns 2,888 shares of the company’s stock valued at $343,000 after acquiring an additional 933 shares during the last quarter. Quarry LP acquired a new position in Airbnb during the first quarter valued at approximately $182,000. Focus Partners Advisor Solutions LLC lifted its stake in Airbnb by 547.9% during the first quarter. Focus Partners Advisor Solutions LLC now owns 10,548 shares of the company’s stock worth $1,260,000 after purchasing an additional 8,920 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in Airbnb by 29.5% during the first quarter. EP Wealth Advisors LLC now owns 2,782 shares of the company’s stock worth $332,000 after purchasing an additional 634 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

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.