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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total transaction of $28,259,905.80. Following the completion of the sale, the director now directly owns 1,285,715 shares of the company’s stock, valued at $169,560,094.20. This trade represents a 14.29 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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

• 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 stock was sold at an average price of $131.08, for a total value of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00.
• On Tuesday, October 1st, Joseph Gebbia sold 42,719 shares of Airbnb stock. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12.

Airbnb Trading Up 3.8 %

Shares of NASDAQ ABNB opened at $134.21 on Friday. The firm’s 50 day moving average price is $135.71 and its 200-day moving average price is $134.33. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market cap of $85.09 billion, a PE ratio of 47.09, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data 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). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the company posted $2.39 earnings per share. On average, equities research analysts expect that Airbnb, Inc. will post 3.99 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Phillip Securities reissued a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a report on Tuesday, November 12th. Wells Fargo & Company upped their price objective on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research note on Tuesday, October 8th. Susquehanna raised their target price on Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research note on Monday, November 11th. Finally, Argus lowered Airbnb from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Six equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $139.48.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. raised its position in Airbnb by 17.9% in the 3rd quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock worth $86,299,000 after buying an additional 103,087 shares during the last quarter. Retirement Systems of Alabama raised its holdings in shares of Airbnb by 5.7% during the third quarter. Retirement Systems of Alabama now owns 341,031 shares of the company’s stock valued at $43,246,000 after purchasing an additional 18,407 shares during the last quarter. Tri Ri Asset Management Corp bought a new position in Airbnb during the third quarter valued at approximately $6,352,000. Wilmington Savings Fund Society FSB purchased a new stake in Airbnb in the third quarter worth approximately $648,000. Finally, Virtu Financial LLC bought a new stake in Airbnb in the 3rd quarter worth approximately $609,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.