Airbnb (NASDAQ:ABNB) Director Sells $36,705,150.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 265,000 shares of the stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $138.51, for a total transaction of $36,705,150.00. Following the transaction, the director directly owned 2,917,355 shares of the company’s stock, valued at approximately $404,082,841.05. This trade represents a 8.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Monday, June 1st, Joseph Gebbia sold 265,000 shares of Airbnb stock. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00.
• On Tuesday, May 26th, Joseph Gebbia sold 2,860 shares of Airbnb stock. The shares were sold at an average price of $133.44, for a total transaction of $381,638.40.
• On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The stock was sold at an average price of $134.86, for a total transaction of $7,282,440.00.
• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $140.37, for a total transaction of $8,141,460.00.
• On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $142.59, for a total transaction of $8,270,220.00.
• On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00.
• On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $132.51, for a total value of $7,685,580.00.

Airbnb Price Performance

NASDAQ:ABNB opened at $142.41 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average is $136.36 and its two-hundred day moving average is $132.10. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The stock has a market capitalization of $85.83 billion, a price-to-earnings ratio of 35.08, a price-to-earnings-growth ratio of 1.53 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the prior year, the business earned $0.24 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Research analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Caxton Associates LLP acquired a new stake in Airbnb in the 1st quarter valued at about $258,000. Intech Investment Management LLC grew its position in shares of Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock worth $1,453,000 after buying an additional 4,353 shares in the last quarter. Sivia Capital Partners LLC grew its position in shares of Airbnb by 18.8% during the second quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after buying an additional 927 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Airbnb during the second quarter worth approximately $411,000. Finally, NewEdge Advisors LLC increased its stake in shares of Airbnb by 9.8% during the second quarter. NewEdge Advisors LLC now owns 54,054 shares of the company’s stock worth $7,153,000 after buying an additional 4,811 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on ABNB. Wells Fargo & Company raised their target price on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Morgan Stanley cut shares of Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th. B. Riley Financial reissued a “buy” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 price objective on shares of Airbnb in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.96.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.