Airbnb (NASDAQ:ABNB) Director Sells $7,026,700.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, February 9th. The stock was sold at an average price of $121.15, for a total value of $7,026,700.00. Following the sale, the director owned 402,015 shares in the company, valued at $48,704,117.25. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, January 26th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $133.28, for a total transaction of $7,730,240.00.
• On Monday, January 12th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $138.45, for a total transaction of $8,030,100.00.
• On Monday, December 29th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $136.70, for a total transaction of $7,928,600.00.
• On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $130.56, for a total transaction of $7,572,480.00.
• On Monday, December 1st, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $118.47, for a total transaction of $6,871,260.00.
• On Monday, November 24th, Joseph Gebbia sold 232,000 shares of Airbnb stock. The stock was sold at an average price of $114.22, for a total transaction of $26,499,040.00.

Airbnb Trading Down 0.6%

Shares of NASDAQ:ABNB traded down $0.77 during mid-day trading on Wednesday, reaching $119.55. The company had a trading volume of 5,841,112 shares, compared to its average volume of 4,370,509. 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 $131.42 and its 200-day moving average price is $126.52. The firm has a market cap of $73.59 billion, a price-to-earnings ratio of 28.40, a PEG ratio of 1.87 and a beta of 1.15.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its position in shares of Airbnb by 3.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after purchasing an additional 32,501 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Airbnb by 1.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after purchasing an additional 31,120 shares during the last quarter. Cerity Partners LLC grew its stake in Airbnb by 18.1% in the 3rd quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock worth $44,297,000 after buying an additional 55,838 shares in the last quarter. National Pension Service increased its holdings in shares of Airbnb by 1.1% in the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company’s stock worth $133,126,000 after buying an additional 12,453 shares during the last quarter. Finally, Abacus FCF Advisors LLC raised its position in shares of Airbnb by 7.8% during the 3rd quarter. Abacus FCF Advisors LLC now owns 135,577 shares of the company’s stock valued at $16,462,000 after buying an additional 9,864 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Citizens Jmp raised Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research report on Wednesday, February 4th. DA Davidson reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Friday, December 5th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Truist Financial upped their price target on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. Finally, Morgan Stanley raised their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, nineteen have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $148.85.

Airbnb Company Profile

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.