Airbnb, Inc. (NASDAQ:ABNB) Director Sells $2,667,098.72 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 19,448 shares of the firm’s stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $137.14, for a total value of $2,667,098.72. Following the transaction, the director now directly owns 2,509 shares of the company’s stock, valued at approximately $344,084.26. This represents a 88.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Tuesday, November 19th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00.
• On Tuesday, October 1st, Joseph Gebbia sold 42,719 shares of Airbnb stock. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12.

Airbnb Stock Down 2.0 %

ABNB traded down $2.75 during midday trading on Thursday, reaching $136.32. The company’s stock had a trading volume of 6,174,066 shares, compared to its average volume of 4,522,771. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50-day moving average is $134.61 and its 200-day moving average is $135.15. The firm has a market capitalization of $86.42 billion, a price-to-earnings ratio of 48.48, a PEG ratio of 1.95 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period last year, the business earned $2.39 EPS. As a group, research analysts expect that Airbnb, Inc. will post 4.02 EPS for the current year.

Institutional Trading of Airbnb

Institutional investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC purchased a new stake in shares of Airbnb during the third quarter valued at $25,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. New Millennium Group LLC purchased a new position in shares of Airbnb during the 2nd quarter worth $28,000. Cultivar Capital Inc. bought a new stake in shares of Airbnb during the 2nd quarter valued at $30,000. Finally, Ashton Thomas Securities LLC purchased a new stake in shares of Airbnb in the 3rd quarter worth $30,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research reports. Benchmark reiterated a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. B. Riley reduced their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Piper Sandler boosted their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Susquehanna raised their price objective on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Finally, Raymond James began coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target on the stock. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $138.94.

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.