Airbnb (NASDAQ:ABNB) Director Sells $381,638.40 in Stock

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) Director Joseph Gebbia sold 2,860 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total value of $381,638.40. Following the sale, the director owned 3,447,355 shares in the company, valued at $460,015,051.20. The trade was a 0.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

  • 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

NASDAQ ABNB traded down $0.58 during trading on Wednesday, reaching $132.10. 3,094,383 shares of the company’s stock were exchanged, compared to its average volume of 3,889,975. The business has a 50 day moving average price of $133.83 and a 200-day moving average price of $130.08. The stock has a market capitalization of $79.62 billion, a P/E ratio of 32.54, a PEG ratio of 1.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a fifty-two week low of $110.81 and a fifty-two week high of $147.25.

Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. Sell-side analysts forecast that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent analyst reports. Weiss Ratings raised Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, May 12th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $173.00 target price on shares of Airbnb in a research report on Thursday, May 21st. Mizuho upped their target price on Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, March 3rd. Robert W. Baird set a $150.00 target price on Airbnb in a research report on Friday, May 8th. Finally, Truist Financial raised Airbnb from a “sell” rating to a “hold” rating and upped their target price for the company from $107.00 to $129.00 in a research report on Thursday, March 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $157.67.

Check Out Our Latest Report on ABNB

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the company. Transamerica Financial Advisors LLC grew its position in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. ORG Partners LLC boosted its stake in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the period. Entrust Financial LLC bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $27,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Airbnb in the third quarter valued at approximately $25,000. Finally, Aventura Private Wealth LLC bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

(Get Free Report)

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.

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