Joseph Gebbia Sells 232,000 Shares of Airbnb (NASDAQ:ABNB) Stock

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) Director Joseph Gebbia sold 232,000 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was sold at an average price of $114.22, for a total transaction of $26,499,040.00. Following the sale, the director owned 15 shares in the company, valued at $1,713.30. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

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

  • 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 transaction of $28,475,760.00.
  • On Monday, October 27th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $128.47, for a total transaction of $30,318,920.00.
  • On Monday, October 13th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were 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 value of $29,162,520.00.
  • On Monday, September 15th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $120.76, for a total transaction of $28,499,360.00.
  • On Tuesday, September 2nd, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $127.53, for a total transaction of $30,097,080.00.

Airbnb Price Performance

NASDAQ:ABNB traded down $1.82 on Wednesday, hitting $116.74. 5,110,245 shares of the company’s stock were exchanged, compared to its average volume of 5,188,106. The company has a market cap of $71.86 billion, a P/E ratio of 27.73, a price-to-earnings-growth ratio of 2.01 and a beta of 1.11. The firm has a 50-day moving average price of $122.34 and a 200-day moving average price of $128.35. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB – Get Free Report) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the business earned $2.13 earnings per share. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on ABNB shares. Wells Fargo & Company lifted their price target on Airbnb from $110.00 to $111.00 and gave the stock an “underweight” rating in a report on Friday, November 7th. DA Davidson set a $155.00 price target on Airbnb in a research note on Friday, November 14th. Barclays raised their price target on Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a report on Friday, November 7th. BNP Paribas started coverage on shares of Airbnb in a research report on Monday. They issued a “hold” rating on the stock. Finally, Mizuho set a $156.00 price target on shares of Airbnb in a research note on Friday, November 7th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $143.31.

Check Out Our Latest Stock Analysis on Airbnb

Hedge Funds Weigh In On Airbnb

Hedge funds have recently added to or reduced their stakes in the stock. Kentucky Trust Co acquired a new position in Airbnb in the second quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Airbnb during the 3rd quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Airbnb during the 2nd quarter worth approximately $28,000. Finally, Sunbelt Securities Inc. boosted its position in shares of Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

About Airbnb

(Get Free Report)

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.

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