Joseph Gebbia Sells 236,000 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $139.40, for a total value of $32,898,400.00. Following the completion of the transaction, the director now directly owns 1,180,015 shares in the company, valued at $164,494,091. This trade represents a 16.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, May 28th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $128.66, for a total value of $30,363,760.00.
• On Wednesday, May 28th, Joseph Gebbia sold 2,509 shares of Airbnb stock. The shares were sold at an average price of $128.70, for a total value of $322,908.30.
• On Tuesday, May 20th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $132.52, for a total value of $28,397,048.20.
• On Tuesday, May 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $122.84, for a total value of $26,322,769.40.
• On Tuesday, April 22nd, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $114.22, for a total value 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 value 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 value of $27,724,193.30.

Airbnb Stock Performance

ABNB opened at $138.06 on Thursday. The business’s 50 day moving average is $125.06 and its 200-day moving average is $130.82. The stock has a market cap of $86.48 billion, a PE ratio of 33.43, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The business had revenue of $2.27 billion for 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 business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.41 EPS. On average, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in the business. MJP Associates Inc. ADV raised its holdings in shares of Airbnb by 1.8% during the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company’s stock valued at $490,000 after buying an additional 67 shares during the last quarter. CAP Partners LLC raised its holdings in shares of Airbnb by 3.6% during the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after buying an additional 77 shares during the last quarter. Lindbrook Capital LLC raised its holdings in Airbnb by 1.4% during the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in Airbnb by 1.6% during the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after purchasing an additional 78 shares in the last quarter. Finally, Ellevest Inc. raised its holdings in Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company’s stock worth $349,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Canaccord Genuity Group lowered their target price on Airbnb from $190.00 to $180.00 and set a “buy” rating for the company in a research note on Monday, April 28th. B. Riley decreased their price target on Airbnb from $145.00 to $140.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. JPMorgan Chase & Co. decreased their price target on Airbnb from $160.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Morgan Stanley lifted their price target on Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research note on Thursday, April 17th. Finally, Piper Sandler decreased their price target on Airbnb from $145.00 to $132.00 and set a “neutral” rating for the company in a research note on Monday, April 28th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $141.23.

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.