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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $118.47, for a total transaction of $6,871,260.00. Following the completion of the sale, the director owned 692,015 shares of the company’s stock, valued at approximately $81,983,017.05. The trade was a 7.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 value 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 value 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 value of $28,135,920.00.
• On Monday, September 29th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were 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 transaction of $28,499,360.00.

Airbnb Trading Up 0.6%

Shares of ABNB opened at $120.82 on Friday. The firm has a market capitalization of $74.37 billion, a P/E ratio of 28.70, a PEG ratio of 2.11 and a beta of 1.11. The firm’s 50-day moving average is $121.52 and its two-hundred day moving average is $127.57. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last released 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 during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 earnings per share. Analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on ABNB. Barclays increased their price target on shares of Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Wells Fargo & Company lifted their price objective on Airbnb from $111.00 to $118.00 and gave the stock an “underweight” rating in a research report on Monday. Truist Financial upped their target price on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a report on Thursday. UBS Group raised their price target on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Finally, BNP Paribas Exane began coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $143.69.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DDD Partners LLC boosted its position in shares of Airbnb by 3.9% in the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock worth $270,000 after acquiring an additional 76 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after purchasing an additional 78 shares during the period. Harbour Investments Inc. boosted its holdings in shares of Airbnb by 12.2% in the 1st quarter. Harbour Investments Inc. now owns 738 shares of the company’s stock valued at $88,000 after purchasing an additional 80 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew its stake in shares of Airbnb by 0.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock valued at $1,396,000 after buying an additional 85 shares during the period. Hedge funds and other 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.