Insider Selling: Airbnb (NASDAQ:ABNB) Director Sells $35,894,250.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 265,000 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the sale, the director directly owned 3,182,355 shares in the company, valued at $431,049,984.75. This trade represents a 7.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• 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 value 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 value of $8,141,460.00.
• On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $142.59, for a total value of $8,270,220.00.
• On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00.
• On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $132.51, for a total value of $7,685,580.00.
• On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $131.27, for a total value of $7,613,660.00.

Airbnb Stock Performance

Shares of ABNB opened at $133.54 on Friday. The stock’s 50-day simple moving average is $134.32 and its 200 day simple moving average is $130.65. The stock has a market capitalization of $80.49 billion, a price-to-earnings ratio of 32.89, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a 52-week low of $110.81 and a 52-week high of $147.25.

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

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Jefferies said Airbnb’s expansion into hotels, experiences, and higher take rates could add about $1.8 billion in revenue by 2030, and reiterated a Buy rating, reinforcing the bullish case for multi-year growth. Airbnb hotels and experiences push could add $1.8B to 2030 revenue, Jefferies estimates
• Positive Sentiment: Broker sentiment remains broadly supportive, with Airbnb carrying a consensus “Moderate Buy” rating and several firms raising price targets, suggesting Wall Street still sees upside from current levels. Airbnb stock report and analyst ratings
• Neutral Sentiment: Market commentary is questioning whether Airbnb’s valuation already reflects most of the upside after a flat share-price performance and recent regulatory headlines, which may keep investors cautious near term. Is It Time To Reconsider Airbnb (ABNB) After Flat Returns And Regulatory Headlines?
• Neutral Sentiment: CEO Brian Chesky’s reported move to build a separate AI venture is strategically interesting, but it is not directly tied to Airbnb’s core travel business and has an uncertain near-term financial impact. Airbnb CEO Brian Chesky Plans to Start a New AI Company
• Negative Sentiment: Insider selling is the clearest near-term negative: Director Joseph Gebbia sold 265,000 shares and CFO Elinor Mertz sold 7,433 shares, while Brian Chesky also sold shares, which can raise concerns about management’s confidence in short-term upside. SEC filing for Joseph Gebbia sale SEC filing for Elinor Mertz sale SEC filing for Brian Chesky sales

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently modified their holdings of the company. Sumitomo Life Insurance Co. grew its position in Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock worth $8,022,000 after acquiring an additional 8,636 shares during the last quarter. Merit Financial Group LLC grew its position in Airbnb by 72.1% during the 4th 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 during the last quarter. Bessemer Group Inc. grew its position in Airbnb by 74.9% during the 3rd quarter. Bessemer Group Inc. now owns 21,673 shares of the company’s stock worth $2,631,000 after acquiring an additional 9,284 shares during the last quarter. Madison Asset Management LLC grew its position in Airbnb by 55.0% during the 3rd quarter. Madison Asset Management LLC now owns 401,679 shares of the company’s stock worth $48,772,000 after acquiring an additional 142,583 shares during the last quarter. Finally, ARK Investment Management LLC grew its position in Airbnb by 30.7% during the 3rd quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock worth $125,770,000 after acquiring an additional 243,299 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on ABNB. Benchmark raised their price target on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday, May 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Raymond James Financial raised Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. Mizuho raised their price target on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, March 3rd. Finally, Wedbush raised Airbnb from a “neutral” rating to a “neutral” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and a consensus price target of $157.76.

About Airbnb

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.