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

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) Director Joseph Gebbia sold 27,733 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $150.01, for a total value of $4,160,227.33. Following the sale, the director directly owned 2,597,579 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website.

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

  • On Tuesday, July 7th, Joseph Gebbia sold 2,460 shares of Airbnb stock. The stock was sold at an average price of $150.00, for a total value of $369,000.00.
  • 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 transaction 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 value 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 transaction of $7,282,440.00.
  • On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $140.37, for a total transaction 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 value of $8,270,220.00.

Airbnb Stock Up 2.8%

Shares of Airbnb stock opened at $146.89 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market cap of $88.53 billion, a price-to-earnings ratio of 36.18, a P/E/G ratio of 1.53 and a beta of 1.14. The stock has a 50-day simple moving average of $138.30 and a 200-day simple moving average of $133.95. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $150.19.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the firm earned $0.24 earnings per share. The business’s revenue was up 17.9% on a year-over-year basis. On average, equities research analysts expect that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

Institutional Trading of Airbnb

Institutional investors have recently made changes to their positions in the business. Merit Financial Group LLC raised its stake in Airbnb by 72.1% during the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock worth $4,478,000 after acquiring an additional 13,818 shares in the last quarter. North Dakota State Investment Board bought a new position in shares of Airbnb during the fourth quarter valued at $2,785,000. North Star Asset Management Inc. boosted its stake in shares of Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after purchasing an additional 9,294 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of Airbnb by 18.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock valued at $30,305,000 after purchasing an additional 34,573 shares in the last quarter. Finally, Danske Bank A S grew its holdings in shares of Airbnb by 11.0% in the 4th quarter. Danske Bank A S now owns 235,557 shares of the company’s stock worth $31,970,000 after purchasing an additional 23,422 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Morgan Stanley cut Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. UBS Group increased their price target on Airbnb from $153.00 to $157.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research note on Monday, May 4th. Finally, Needham & Company LLC initiated coverage on shares of Airbnb in a research note on Monday, May 4th. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has an average rating of “Moderate Buy” and an average price target of $158.36.

Read Our Latest Stock Report on ABNB

About Airbnb

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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