Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 58,000 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $130.56, for a total value of $7,572,480.00. Following the transaction, the director owned 634,015 shares in the company, valued at $82,776,998.40. This trade represents a 8.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Monday, December 1st, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $118.47, for a total value of $6,871,260.00.
• On Monday, November 24th, Joseph Gebbia sold 232,000 shares of Airbnb stock. The shares were sold at an average price of $114.22, for a total value of $26,499,040.00.
• On Monday, November 10th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were 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 stock was 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 transaction 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 transaction of $29,162,520.00.

Airbnb Price Performance

NASDAQ:ABNB traded up $1.77 during trading hours on Wednesday, reaching $133.78. 6,157,989 shares of the company were exchanged, compared to its average volume of 5,152,991. The firm has a market cap of $82.35 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.32 and a beta of 1.11. The stock has a 50 day simple moving average of $122.46 and a 200 day simple moving average of $127.45. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the prior year, the firm earned $2.13 earnings per share. On average, analysts predict that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research analyst reports. Sanford C. Bernstein restated an “outperform” rating and set a $165.00 price target on shares of Airbnb in a research note on Friday, November 7th. BNP Paribas Exane assumed coverage on Airbnb in a report on Monday, November 24th. They set a “neutral” rating for the company. BNP Paribas assumed coverage on shares of Airbnb in a research report on Monday, November 24th. They set a “hold” rating for the company. UBS Group lifted their price target on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. Finally, Mizuho set a $156.00 price objective on shares of Airbnb in a research report on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $144.85.

Institutional Trading of Airbnb

Several large investors have recently bought and sold shares of ABNB. DDD Partners LLC boosted its stake in Airbnb by 3.9% during the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after acquiring an additional 76 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Airbnb by 1.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock valued at $604,000 after purchasing an additional 78 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of 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 purchasing an additional 83 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Airbnb by 0.8% during the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after purchasing an additional 85 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in Airbnb by 1.0% in the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after purchasing an additional 86 shares in the last quarter. 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.