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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $121.97, for a total value of $7,074,260.00. Following the completion of the transaction, the director owned 344,015 shares in the company, valued at $41,959,509.55. This represents a 14.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, February 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $121.15, for a total value of $7,026,700.00.
• 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 value 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 value of $8,030,100.00.
• On Monday, December 29th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were 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.

Airbnb Stock Performance

NASDAQ:ABNB traded up $3.81 during trading hours on Thursday, hitting $135.83. The stock had a trading volume of 874,593 shares, compared to its average volume of 4,879,247. The business’s 50 day moving average is $130.75 and its 200-day moving average is $126.02. The company has a market cap of $82.68 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 1.70 and a beta of 1.15. Airbnb, Inc. has a one year low of $99.88 and a one year high of $145.69.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.10). The firm had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. Airbnb’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period last year, the firm earned $0.73 EPS. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial raised their target price on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. Deutsche Bank Aktiengesellschaft upgraded Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a research note on Friday, February 13th. Sanford C. Bernstein cut their target price on shares of Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Tuesday, January 6th. Argus raised shares of Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Morgan Stanley set a $120.00 target price on shares of Airbnb in a report on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Airbnb has an average rating of “Hold” and an average price target of $148.69.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. MidFirst Bank acquired a new position in shares of Airbnb during the fourth quarter valued at about $162,000. SG Trading Solutions LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $238,000. Titan Investment Management LLC bought a new stake in Airbnb in the 4th quarter valued at about $2,666,000. Kera Capital Partners Inc. raised its stake in Airbnb by 44.6% during the 4th quarter. Kera Capital Partners Inc. now owns 8,511 shares of the company’s stock worth $1,101,000 after buying an additional 2,627 shares during the period. Finally, Atmos Capital Gestao DE Recursos LTDA. acquired a new position in Airbnb during the 4th quarter worth approximately $12,717,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

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.