Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Director Sells 214,285 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the sale, the director now owns 1,285,715 shares in the company, valued at $169,560,094.20. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The shares were sold at an average price of $137.14, for a total transaction of $2,667,098.72.
• 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 value of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was 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 shares were sold at an average price of $126.48, for a total value of $5,403,099.12.

Airbnb Trading Up 1.4 %

Shares of ABNB stock traded up $1.81 on Thursday, reaching $129.35. 4,743,755 shares of the stock were exchanged, compared to its average volume of 4,512,087. The stock has a 50 day moving average price of $135.78 and a 200 day moving average price of $134.45. The stock has a market cap of $82.00 billion, a PE ratio of 45.39, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the previous year, the company posted $2.39 earnings per share. Equities research analysts forecast that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ABNB. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a research note on Wednesday, December 4th. Bank of America raised their price objective on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday. Raymond James initiated coverage on shares of Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. JPMorgan Chase & Co. increased their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Sanford C. Bernstein decreased their price objective on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday, September 17th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $139.48.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of ABNB. Brookstone Capital Management grew its position in shares of Airbnb by 14.8% during the 2nd quarter. Brookstone Capital Management now owns 2,220 shares of the company’s stock worth $329,000 after buying an additional 287 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Airbnb by 55.7% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 2,030 shares of the company’s stock valued at $308,000 after purchasing an additional 726 shares during the period. Fifth Third Bancorp increased its stake in Airbnb by 85.2% in the second quarter. Fifth Third Bancorp now owns 22,844 shares of the company’s stock valued at $3,464,000 after purchasing an additional 10,507 shares in the last quarter. Atria Wealth Solutions Inc. increased its stake in Airbnb by 3.3% in the second quarter. Atria Wealth Solutions Inc. now owns 18,887 shares of the company’s stock valued at $2,864,000 after purchasing an additional 610 shares in the last quarter. Finally, GYL Financial Synergies LLC raised its holdings in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after purchasing an additional 76 shares during the period. 80.76% of the stock is owned by institutional investors.

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.