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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $130.56, for a total transaction of $7,572,480.00. Following the transaction, the director directly owned 634,015 shares in the company, valued at approximately $82,776,998.40. This represents a 8.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 stock was sold at an average price of $120.66, for a total value of $28,475,760.00.
• On Monday, October 27th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $128.47, for a total value of $30,318,920.00.
• On Monday, October 13th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $119.22, for a total value of $28,135,920.00.
• On Monday, September 29th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $123.57, for a total transaction of $29,162,520.00.

Airbnb Stock Performance

NASDAQ ABNB opened at $133.78 on Thursday. The firm has a market capitalization of $82.35 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.32 and a beta of 1.11. Airbnb, Inc. has a one year low of $99.88 and a one year high of $163.93. The company’s 50 day moving average price is $122.74 and its 200 day moving average price is $127.49.

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

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Kentucky Trust Co acquired a new position in Airbnb during the 2nd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position 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 last quarter. Aster Capital Management DIFC Ltd acquired a new position in Airbnb in the third quarter worth about $25,000. Concord Wealth Partners bought a new stake in Airbnb in the second quarter valued at about $28,000. Finally, Sunbelt Securities Inc. raised its stake in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after buying an additional 175 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on ABNB shares. BNP Paribas assumed coverage on Airbnb in a research note on Monday, November 24th. They set a “hold” rating on the stock. BNP Paribas Exane started coverage on Airbnb in a report on Monday, November 24th. They issued a “neutral” rating for the company. Wedbush reiterated a “neutral” rating and set a $130.00 price objective on shares of Airbnb in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $165.00 price target on shares of Airbnb in a report on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $144.28.

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.