Airbnb (NASDAQ:ABNB) Director Sells $7,026,700.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $121.15, for a total value of $7,026,700.00. Following the transaction, the director owned 402,015 shares in the company, valued at $48,704,117.25. The trade was a 12.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Monday, January 26th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $133.28, for a total transaction of $7,730,240.00.
• On Monday, January 12th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $138.45, for a total transaction of $8,030,100.00.
• On Monday, December 29th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $136.70, for a total transaction of $7,928,600.00.
• On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $130.56, for a total transaction of $7,572,480.00.
• 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 transaction of $6,871,260.00.
• On Monday, November 24th, Joseph Gebbia sold 232,000 shares of Airbnb stock. The stock was sold at an average price of $114.22, for a total transaction of $26,499,040.00.

Airbnb Trading Down 0.6%

Airbnb stock traded down $0.77 during midday trading on Wednesday, reaching $119.55. The stock had a trading volume of 5,841,112 shares, compared to its average volume of 4,370,509. The company has a fifty day moving average price of $131.42 and a two-hundred day moving average price of $126.52. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The company has a market capitalization of $73.59 billion, a P/E ratio of 28.40, a PEG ratio of 1.87 and a beta of 1.15.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently added to or reduced their stakes in ABNB. Meeder Advisory Services Inc. lifted its position in shares of Airbnb by 4.0% during the 4th quarter. Meeder Advisory Services Inc. now owns 6,676 shares of the company’s stock worth $906,000 after buying an additional 258 shares in the last quarter. Ameritas Investment Partners Inc. increased its position in shares of Airbnb by 5.3% during the fourth quarter. Ameritas Investment Partners Inc. now owns 19,181 shares of the company’s stock valued at $2,603,000 after acquiring an additional 960 shares during the last quarter. Zions Bancorporation National Association UT increased its position in shares of Airbnb by 16.7% during the fourth quarter. Zions Bancorporation National Association UT now owns 43,025 shares of the company’s stock valued at $5,839,000 after acquiring an additional 6,143 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Airbnb by 3.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 52,753 shares of the company’s stock worth $7,160,000 after acquiring an additional 1,568 shares during the period. Finally, Financiere des Professionnels Fonds d investissement inc. bought a new stake in Airbnb during the fourth quarter worth $1,584,000. 80.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent research reports. Citizens Jmp upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 target price on the stock in a report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a report on Wednesday, January 21st. Cantor Fitzgerald upgraded shares of Airbnb from an “underweight” rating to a “neutral” rating and lifted their price objective for the company from $117.00 to $141.00 in a report on Thursday, January 8th. BTIG Research restated a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Finally, Morgan Stanley boosted their price objective on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, nineteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, Airbnb presently has an average rating of “Hold” and an average target price of $148.85.

Airbnb Company Profile

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.