Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Director Sells $27,724,193.30 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the sale, the director now owns 2,509,155 shares of the company’s stock, valued at approximately $324,634,473.90. This represents a 7.87 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, March 11th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $126.80, for a total transaction of $27,171,338.00.
• On Tuesday, February 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05.
• On Tuesday, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $129.21, for a total value of $27,687,764.85.
• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75.
• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $135.94, for a total value of $29,129,902.90.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $120.69 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $135.29 and its two-hundred day moving average is $133.71. The firm has a market capitalization of $76.10 billion, a P/E ratio of 29.22, a PEG ratio of 3.52 and a beta of 1.10. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on ABNB shares. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Gordon Haskett upgraded shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a report on Friday, February 14th. UBS Group raised their target price on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Robert W. Baird cut their price target on Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Finally, Hsbc Global Res upgraded Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $147.36.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new stake in shares of Airbnb during the 4th quarter worth about $25,000. Berbice Capital Management LLC acquired a new position in shares of Airbnb during the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in Airbnb during the fourth quarter worth approximately $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the fourth quarter worth approximately $28,000. Finally, Graney & King LLC acquired a new stake in Airbnb in the fourth quarter worth approximately $32,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Company Profile

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.