Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 2,460 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 2,460 shares of Airbnb stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $150.00, for a total transaction of $369,000.00. Following the transaction, the director directly owned 2,595,119 shares in the company, valued at approximately $389,267,850. This represents a 0.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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

• On Thursday, July 2nd, Joseph Gebbia sold 27,733 shares of Airbnb stock. The stock was sold at an average price of $150.01, for a total value of $4,160,227.33.
• On Monday, June 29th, Joseph Gebbia sold 294,903 shares of Airbnb stock. The shares were sold at an average price of $148.43, for a total value of $43,772,452.29.
• On Monday, June 15th, Joseph Gebbia sold 265,000 shares of Airbnb stock. The stock was sold at an average price of $138.51, for a total transaction of $36,705,150.00.
• On Monday, June 1st, Joseph Gebbia sold 265,000 shares of Airbnb stock. The stock was sold at an average price of $135.45, for a total transaction of $35,894,250.00.
• On Tuesday, May 26th, Joseph Gebbia sold 2,860 shares of Airbnb stock. The shares were sold at an average price of $133.44, for a total transaction of $381,638.40.
• On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The shares were sold at an average price of $134.86, for a total transaction of $7,282,440.00.
• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $140.37, for a total transaction 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 transaction of $8,270,220.00.

Airbnb Stock Performance

Shares of NASDAQ:ABNB traded up $3.94 during mid-day trading on Thursday, reaching $146.89. The company had a trading volume of 2,588,238 shares, compared to its average volume of 4,148,893. Airbnb, Inc. has a one year low of $110.81 and a one year high of $150.19. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $138.14 and its 200-day moving average price is $133.87. The firm has a market cap of $88.53 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 1.60 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data 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 firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period last year, the company posted $0.24 earnings per share. Airbnb’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, equities research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently made changes to their positions in the stock. ORG Partners LLC boosted its stake in Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the period. Transamerica Financial Advisors LLC grew its holdings in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of Airbnb during the fourth quarter valued at about $27,000. Meeder Asset Management Inc. increased its position in shares of Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the period. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after buying an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Robert W. Baird increased their price target on Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Jefferies Financial Group set a $160.00 price objective on shares of Airbnb in a report on Friday, June 5th. Wells Fargo & Company increased their target price on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research report on Monday, May 4th. Finally, Citizens Jmp lifted their target price on shares of Airbnb from $160.00 to $170.00 and gave the stock a “market outperform” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.36.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Commentary this week continued to highlight Airbnb’s strong long-term growth narrative, including robust gross bookings and the view that the platform’s expansion story is still intact. Airbnb’s $90 Billion Growth Story Is Far From Peaking
• Neutral Sentiment: Airbnb announced the purchase of its first New York office building, a move that signals a larger physical presence in the city but is unlikely to materially change near-term fundamentals. Airbnb buys first NYC office despite years of battle with local pols who cracked down on platform
• Neutral Sentiment: Several insider sales were disclosed, including Nathan Blecharczyk’s $2.0 million sale and Joseph Gebbia’s share sale; these filings may weigh on sentiment, but they do not necessarily indicate a change in the business outlook. Insider Selling: Airbnb (NASDAQ:ABNB) Insider Sells $2,020,057.55 in Stock
• Negative Sentiment: Airbnb fell alongside other travel names as higher oil prices and renewed geopolitical tension pushed investors away from cyclical stocks. Expedia, Booking, and Airbnb Shares Plummet, What You Need To Know
• Negative Sentiment: The stock also underperformed the broader market in the latest session, reinforcing concerns that travel shares are being sold on macro fears and profit-taking. Here’s Why Airbnb, Inc. (ABNB) Fell More Than Broader Market

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.