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 Airbnb stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $129.21, for a total transaction of $27,687,764.85. Following the completion of the transaction, the director now directly owns 857,145 shares of the company’s stock, valued at $110,751,705.45. This trade represents a 20.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $128.95, for a total value of $27,632,050.75.
• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $135.94, for a total value of $29,129,902.90.
• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80.
• 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 shares were sold at an average price of $131.08, for a total value of $28,088,477.80.

Airbnb Stock Down 0.6 %

Shares of ABNB traded down $0.79 during midday trading on Thursday, reaching $131.79. 2,370,612 shares of the stock were exchanged, compared to its average volume of 4,087,953. The company has a market capitalization of $83.55 billion, a P/E ratio of 46.24, a PEG ratio of 1.80 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, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The company’s 50 day moving average is $133.84 and its two-hundred day moving average is $130.88.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the company earned $2.39 earnings per share. On average, sell-side analysts anticipate that Airbnb, Inc. will post 3.98 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the 4th quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in Airbnb during the third quarter valued at about $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the fourth quarter worth about $26,000. Hollencrest Capital Management lifted its position in shares of 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 last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at about $30,000. Institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ABNB. Citigroup increased their price target on shares of Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. DA Davidson lifted their target price on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Benchmark reaffirmed a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Piper Sandler upped their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Evercore ISI upped their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and an average target price of $139.63.

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.