Airbnb (NASDAQ:ABNB) Director Sells $7,317,280.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the completion of the sale, the director directly owned 170,015 shares in the company, valued at $21,449,092.40. This trade represents a 25.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $132.51, for a total transaction of $7,685,580.00.
• On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $131.27, for a total transaction of $7,613,660.00.
• On Monday, February 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $121.97, for a total transaction of $7,074,260.00.
• On Monday, February 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $121.15, for a total transaction 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 transaction of $7,730,240.00.
• On Monday, January 12th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $138.45, for a total transaction of $8,030,100.00.

Airbnb Stock Up 5.1%

Airbnb stock traded up $6.43 during midday trading on Wednesday, reaching $131.40. The stock had a trading volume of 3,796,810 shares, compared to its average volume of 4,513,470. Airbnb, Inc. has a 52-week low of $105.39 and a 52-week high of $143.88. The firm has a market cap of $79.99 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The company has a fifty day moving average of $127.78 and a 200 day moving average of $126.99.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period last year, the company earned $0.73 earnings per share. The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. Equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb during the third quarter worth approximately $25,000. ORG Partners LLC boosted its stake in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC boosted its stake in shares of Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC bought a new position in shares of Airbnb during the fourth quarter valued at approximately $27,000. Finally, Sunbelt Securities Inc. boosted its stake in shares of Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on ABNB. Royal Bank Of Canada reissued an “outperform” rating on shares of Airbnb in a research report on Wednesday, January 14th. Mizuho raised their target price on shares of Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 3rd. Citigroup raised shares of Airbnb from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Tigress Financial reduced their target price on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, TD Cowen raised their target price on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, seventeen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $149.40.

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.