Joseph Gebbia Sells 214,285 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $122.84, for a total value of $26,322,769.40. Following the completion of the sale, the director now owns 1,866,300 shares in the company, valued at approximately $229,256,292. The trade was a 10.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, April 22nd, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $114.22, for a total transaction of $24,475,632.70.
• On Tuesday, April 8th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $108.76, for a total transaction of $23,305,636.60.
• On Tuesday, March 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.38, for a total transaction of $27,724,193.30.
• On Tuesday, March 11th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $126.80, for a total value of $27,171,338.00.
• On Tuesday, February 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $141.93, for a total value of $30,413,470.05.

Airbnb Trading Up 0.5 %

Shares of Airbnb stock opened at $127.06 on Friday. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market capitalization of $80.12 billion, a price-to-earnings ratio of 30.77, a P/E/G ratio of 3.52 and a beta of 1.14. The business has a fifty day simple moving average of $121.52 and a two-hundred day simple moving average of $131.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The company’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. Research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current year.

Institutional Trading of Airbnb

Hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of Airbnb by 17.9% during the third quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock valued at $86,299,000 after acquiring an additional 103,087 shares in the last quarter. First Hawaiian Bank raised its holdings in shares of Airbnb by 161.4% in the 4th quarter. First Hawaiian Bank now owns 6,631 shares of the company’s stock worth $871,000 after purchasing an additional 4,094 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Airbnb by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,011 shares of the company’s stock valued at $3,679,000 after buying an additional 241 shares during the last quarter. ORG Wealth Partners LLC boosted its holdings in Airbnb by 42.8% in the 4th quarter. ORG Wealth Partners LLC now owns 3,884 shares of the company’s stock worth $510,000 after buying an additional 1,165 shares during the period. Finally, Harbor Capital Advisors Inc. increased its position in shares of Airbnb by 2.5% during the fourth quarter. Harbor Capital Advisors Inc. now owns 13,693 shares of the company’s stock valued at $1,799,000 after buying an additional 335 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ABNB has been the subject of several recent research reports. Piper Sandler lowered their price objective on shares of Airbnb from $145.00 to $132.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Canaccord Genuity Group decreased their target price on shares of Airbnb from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Phillip Securities cut Airbnb from a “hold” rating to a “moderate sell” rating in a report on Friday. Finally, Tigress Financial boosted their price objective on shares of Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, March 14th. Four analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $141.43.

About Airbnb

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.