Airbnb, Inc. (NASDAQ:ABNB) Director Sells $30,413,470.05 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total transaction of $30,413,470.05. Following the transaction, the director now owns 428,575 shares in the company, valued at $60,827,649.75. The trade was a 33.33 % decrease in their ownership of the stock. The sale 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, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.21, for a total transaction of $27,687,764.85.
• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were 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 shares were 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 stock was sold at an average price of $131.88, for a total value of $28,259,905.80.
• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The stock was sold at an average price of $137.14, for a total value of $2,667,098.72.

Airbnb Stock Performance

NASDAQ:ABNB opened at $138.87 on Friday. The stock’s fifty day moving average is $136.52 and its 200 day moving average is $131.91. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market capitalization of $87.56 billion, a PE ratio of 33.62, a PEG ratio of 3.52 and a beta of 1.12. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, sell-side analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Park Square Financial Group LLC purchased a new stake in Airbnb in the fourth quarter worth $26,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Airbnb in the fourth quarter worth $44,397,000. Virtue Capital Management LLC increased its stake in Airbnb by 45.0% in the fourth quarter. Virtue Capital Management LLC now owns 3,974 shares of the company’s stock worth $522,000 after purchasing an additional 1,234 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in Airbnb in the fourth quarter worth $10,027,000. Finally, Putney Financial Group LLC purchased a new stake in Airbnb in the fourth quarter worth $178,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research report on Tuesday, February 4th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and upped their price target for the company from $110.00 to $153.00 in a research report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Friday, February 14th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Canaccord Genuity Group boosted their price objective on Airbnb from $165.00 to $190.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $146.48.

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.