Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia Sells 214,285 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the transaction, the director now owns 1,071,430 shares in the company, valued at approximately $138,160,898.50. This represents a 16.67 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90.
• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80.
• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72.
• On Tuesday, November 19th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00.

Airbnb Stock Down 0.3 %

Shares of NASDAQ ABNB opened at $132.16 on Friday. The business has a 50-day moving average of $134.45 and a 200-day moving average of $132.22. The firm has a market capitalization of $83.79 billion, a price-to-earnings ratio of 46.37, a PEG ratio of 1.63 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter last year, the business posted $2.39 EPS. Sell-side analysts expect that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Truist Financial reduced their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Barclays lifted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. Raymond James assumed coverage on Airbnb in a report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price for the company. Finally, Wedbush lifted their price target on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $139.63.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently added to or reduced their stakes in ABNB. Edgewood Management LLC increased its position in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC boosted its stake in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock worth $1,189,635,000 after buying an additional 146,761 shares in the last quarter. Pacer Advisors Inc. grew its position in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after acquiring an additional 4,172,985 shares during the last quarter. Legal & General Group Plc raised its stake in shares of Airbnb by 4.7% during the second quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after acquiring an additional 153,784 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Airbnb by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after acquiring an additional 52,358 shares during the last quarter. 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.