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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $130.56, for a total value of $7,572,480.00. Following the transaction, the director directly owned 634,015 shares of the company’s stock, valued at $82,776,998.40. This represents a 8.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• On Monday, December 1st, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $118.47, for a total transaction of $6,871,260.00.
• On Monday, November 24th, Joseph Gebbia sold 232,000 shares of Airbnb stock. The shares were sold at an average price of $114.22, for a total transaction of $26,499,040.00.
• On Monday, November 10th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $120.66, for a total transaction of $28,475,760.00.
• On Monday, October 27th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $128.47, for a total transaction of $30,318,920.00.
• On Monday, October 13th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $119.22, for a total transaction of $28,135,920.00.
• On Monday, September 29th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $123.57, for a total value of $29,162,520.00.

Airbnb Stock Up 0.2%

ABNB stock opened at $133.99 on Friday. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The firm has a market cap of $82.48 billion, a PE ratio of 31.83, a price-to-earnings-growth ratio of 2.35 and a beta of 1.11. The business has a 50 day moving average of $123.02 and a 200 day moving average of $127.54.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The company had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same period last year, the firm posted $2.13 earnings per share. The company’s revenue was up 9.9% compared to the same quarter last year. On average, research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ABNB. Mizuho set a $156.00 target price on shares of Airbnb in a report on Friday, November 7th. BNP Paribas Exane initiated coverage on Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. Jefferies Financial Group boosted their price target on Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Barclays increased their price objective on Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research report on Friday, November 7th. Finally, UBS Group upped their target price on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday, November 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and an average target price of $144.28.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AIA Group Ltd lifted its position in shares of Airbnb by 173.7% during the 3rd quarter. AIA Group Ltd now owns 37,500 shares of the company’s stock valued at $4,553,000 after buying an additional 23,800 shares in the last quarter. Keel Point LLC lifted its holdings in Airbnb by 6.3% during the third quarter. Keel Point LLC now owns 1,904 shares of the company’s stock valued at $231,000 after purchasing an additional 112 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Airbnb in the third quarter worth approximately $182,000. Allworth Financial LP increased its stake in shares of Airbnb by 57.1% in the third quarter. Allworth Financial LP now owns 5,856 shares of the company’s stock worth $711,000 after purchasing an additional 2,129 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of Airbnb by 21.5% in the third quarter. IFP Advisors Inc now owns 2,914 shares of the company’s stock worth $354,000 after purchasing an additional 516 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.