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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $135.94, for a total value of $29,129,902.90. Following the transaction, the director now directly owns 1,285,715 shares of the company’s stock, valued at $174,780,097.10. This represents a 14.29 % decrease in their ownership of the stock. The transaction 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, 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 value of $28,259,905.80.
• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The stock was sold at an average price of $137.14, for a total transaction of $2,667,098.72.
• On Tuesday, November 19th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00.

Airbnb Price Performance

NASDAQ:ABNB traded down $0.49 during trading hours on Wednesday, hitting $130.80. The company’s stock had a trading volume of 3,204,148 shares, compared to its average volume of 3,576,467. The company has a market capitalization of $82.92 billion, a P/E ratio of 45.89, a PEG ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb, Inc. has a twelve month low of $110.38 and a twelve month high of $170.10. The stock has a fifty day simple moving average of $135.31 and a 200-day simple moving average of $132.96.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the company earned $2.39 earnings per share. On average, analysts anticipate that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Savant Capital LLC raised its position in Airbnb by 658.1% in the second quarter. Savant Capital LLC now owns 9,560 shares of the company’s stock valued at $1,450,000 after purchasing an additional 8,299 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of Airbnb by 200.5% in the second quarter. Los Angeles Capital Management LLC now owns 6,502 shares of the company’s stock valued at $986,000 after buying an additional 4,338 shares during the period. Caprock Group LLC raised its holdings in Airbnb by 46.4% in the 2nd quarter. Caprock Group LLC now owns 8,879 shares of the company’s stock valued at $1,346,000 after buying an additional 2,815 shares during the last quarter. Choreo LLC boosted its position in Airbnb by 658.0% during the 2nd quarter. Choreo LLC now owns 11,112 shares of the company’s stock worth $1,685,000 after buying an additional 9,646 shares during the period. Finally, Royal London Asset Management Ltd. grew its holdings in Airbnb by 5.5% during the 2nd quarter. Royal London Asset Management Ltd. now owns 233,584 shares of the company’s stock worth $35,418,000 after acquiring an additional 12,143 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of analyst reports. Robert W. Baird raised their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Piper Sandler lifted their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a research note on Monday, October 7th. Finally, Wells Fargo & Company boosted their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat, Airbnb presently has an average rating of “Hold” and a consensus price target of $139.48.

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.