Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Director Sells $29,129,902.90 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90. Following the completion of the sale, the director now directly owns 1,285,715 shares in the company, valued at approximately $174,780,097.10. This represents a 14.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80.
• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72.
• On Tuesday, November 19th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $131.08, for a total value of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00.

Airbnb Stock Down 0.9 %

Shares of ABNB opened at $129.63 on Friday. The firm has a market cap of $82.18 billion, a P/E ratio of 45.48, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock has a 50 day simple moving average of $134.98 and a two-hundred day simple moving average of $132.80. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the business posted $2.39 EPS. On average, analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have commented on ABNB. Piper Sandler upped their price objective on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a report on Friday, November 8th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research note on Monday, December 16th. Phillip Securities restated a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Cantor Fitzgerald reiterated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Airbnb has an average rating of “Hold” and an average price target of $139.48.

Institutional Investors Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently modified their holdings of ABNB. Northwest Investment Counselors LLC purchased a new position in Airbnb in the 3rd quarter worth approximately $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. Ashton Thomas Securities LLC purchased a new position in shares of Airbnb in the third quarter worth $30,000. Quarry LP bought a new stake in Airbnb during the 3rd quarter valued at $55,000. Finally, Meeder Asset Management Inc. raised its holdings in Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after buying an additional 159 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

About Airbnb

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.