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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction that occurred on Monday, January 26th. The shares were sold at an average price of $133.28, for a total value of $7,730,240.00. Following the sale, the director directly owned 460,015 shares in the company, valued at $61,310,799.20. The trade was a 11.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

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

• On Monday, January 12th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $138.45, for a total value of $8,030,100.00.
• On Monday, December 29th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $136.70, for a total value of $7,928,600.00.
• On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were 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 stock was 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 shares were 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.

Airbnb Stock Down 0.5%

Shares of Airbnb stock opened at $131.55 on Thursday. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93. The stock has a market capitalization of $80.98 billion, a P/E ratio of 31.25, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The company has a 50-day simple moving average of $129.86 and a 200 day simple moving average of $127.50.

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

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently modified their holdings of the business. DDD Partners LLC grew its holdings in Airbnb by 3.9% during the 2nd 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 period. Patton Fund Management Inc. grew its stake in shares of Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after purchasing an additional 77 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its stake 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. Yoder Wealth Management Inc. lifted its stake in Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after buying an additional 84 shares during the period. Finally, SBI Securities Co. Ltd. lifted its stake in Airbnb by 0.8% in the second 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. 80.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ABNB. UBS Group set a $130.00 target price on Airbnb in a report on Tuesday, January 13th. Truist Financial upped their price target on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday, December 4th. BNP Paribas Exane initiated coverage on shares of Airbnb in a research report on Monday, November 24th. They issued a “hold” rating for the company. KeyCorp started coverage on shares of Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating for the company. Finally, Jefferies Financial Group increased their price target on shares of Airbnb from $160.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, twenty have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $147.84.

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.