Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia Sells 214,285 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $122.84, for a total transaction of $26,322,769.40. Following the transaction, the director now owns 1,866,300 shares of the company’s stock, valued at approximately $229,256,292. This represents a 10.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, April 22nd, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $114.22, for a total transaction 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.
• On Tuesday, March 11th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $126.80, for a total value of $27,171,338.00.
• On Tuesday, February 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $141.93, for a total transaction of $30,413,470.05.

Airbnb Stock Performance

Shares of ABNB opened at $127.06 on Friday. Airbnb, Inc. has a 52-week low of $99.88 and a 52-week high of $163.93. The stock’s 50-day simple moving average is $121.52 and its 200 day simple moving average is $131.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The stock has a market capitalization of $80.12 billion, a price-to-earnings ratio of 30.77, a price-to-earnings-growth ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The firm had revenue of $2.27 billion during 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%. Airbnb’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. Research analysts forecast that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in Airbnb during the fourth quarter worth about $25,000. Berbice Capital Management LLC purchased a new position in shares of Airbnb during the fourth quarter worth about $26,000. Park Square Financial Group LLC bought a new position in shares of Airbnb in the fourth quarter worth approximately $26,000. Orion Capital Management LLC purchased a new stake in Airbnb in the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC lifted its position in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 106 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ABNB has been the topic of a number of recent research reports. Barclays cut their price target on shares of Airbnb from $120.00 to $103.00 and set an “underweight” rating on the stock in a report on Friday, May 2nd. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. B. Riley dropped their target price on shares of Airbnb from $145.00 to $140.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. JPMorgan Chase & Co. reduced their price target on shares of Airbnb from $160.00 to $115.00 and set a “neutral” rating for the company in a research report on Tuesday, April 8th. Finally, Morgan Stanley boosted their target price on shares of Airbnb from $125.00 to $130.00 and gave the stock an “underweight” rating in a research report on Thursday, April 17th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.43.

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.