Airbnb, Inc. (NASDAQ:ABNB) Director Sells $27,724,193.30 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the transaction, the director now directly owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. This trade represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, March 11th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $126.80, for a total transaction of $27,171,338.00.
• On Tuesday, February 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $141.93, for a total transaction of $30,413,470.05.
• On Tuesday, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85.
• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75.
• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $135.94, for a total value of $29,129,902.90.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded down $2.99 during midday trading on Thursday, hitting $125.65. 4,897,547 shares of the company’s stock were exchanged, compared to its average volume of 4,417,342. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $169.11. The firm has a market cap of $79.23 billion, a P/E ratio of 30.42, a PEG ratio of 3.52 and a beta of 1.10. The stock’s 50 day moving average price is $135.71 and its 200-day moving average price is $133.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Several large investors have recently bought and sold shares of the stock. Verde Capital Management raised its holdings in Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares in the last quarter. Tri Ri Asset Management Corp acquired a new position in shares of Airbnb during the 3rd quarter valued at $6,352,000. Baltimore Washington Financial Advisors Inc. raised its stake in shares of Airbnb by 14.8% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after buying an additional 6,357 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Airbnb by 40.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after buying an additional 197,558 shares in the last quarter. Finally, Sarasin & Partners LLP acquired a new stake in shares of Airbnb in the fourth quarter valued at $2,272,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company lowered their price objective on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a research report on Thursday, January 16th. Susquehanna raised their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Morgan Stanley boosted their price objective on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. JMP Securities restated a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th. Finally, UBS Group lifted their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and an average target price of $147.36.

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.