Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 2,860 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 2,860 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total transaction of $381,638.40. Following the completion of the sale, the director directly owned 3,447,355 shares in the company, valued at $460,015,051.20. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The shares were sold at an average price of $134.86, for a total value of $7,282,440.00.
• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $140.37, for a total value of $8,141,460.00.
• On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $142.59, for a total value of $8,270,220.00.
• On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00.
• On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $132.51, for a total value of $7,685,580.00.
• On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $131.27, for a total value of $7,613,660.00.

Airbnb Price Performance

NASDAQ ABNB opened at $132.10 on Thursday. The business’s fifty day moving average price is $133.83 and its 200-day moving average price is $130.08. The stock has a market capitalization of $79.62 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 1.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a 1-year low of $110.81 and a 1-year high of $147.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. Airbnb’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. On average, equities analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ABNB shares. Susquehanna boosted their target price on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Friday, May 8th. BMO Capital Markets boosted their target price on shares of Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. Wedbush upgraded shares of Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Citizens Jmp boosted their price objective on shares of Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Finally, Scotiabank began coverage on shares of Airbnb in a research report on Monday, May 4th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Airbnb presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.67.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently modified their holdings of the business. Caxton Associates LLP purchased a new stake in shares of Airbnb in the first quarter worth $258,000. Intech Investment Management LLC increased its stake in shares of Airbnb by 55.8% in the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after purchasing an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of Airbnb by 18.8% in the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after purchasing an additional 927 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Airbnb in the second quarter worth $411,000. Finally, NewEdge Advisors LLC increased its stake in shares of Airbnb by 9.8% in the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after purchasing an additional 4,811 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

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.