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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Monday, January 6th. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90. Following the sale, the director now directly owns 1,285,715 shares in the company, valued at $174,780,097.10. This trade represents a 14.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were 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 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 transaction of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00.

Airbnb Stock Down 0.4 %

ABNB stock opened at $130.80 on Thursday. The firm has a market cap of $82.92 billion, a PE ratio of 45.89, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a 50 day simple moving average of $135.20 and a 200 day simple moving average of $132.95.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the company posted $2.39 EPS. Equities research analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ABNB has been the subject of several research reports. Raymond James initiated coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price for the company. Sanford C. Bernstein decreased their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, September 17th. Wells Fargo & Company increased their target price on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Jefferies Financial Group increased their price objective on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Six investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $139.48.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the third quarter worth about $25,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the period. Ashton Thomas Securities LLC acquired a new position in Airbnb in the 3rd quarter worth approximately $30,000. Meeder Asset Management Inc. grew its position in Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after purchasing an additional 159 shares in the last quarter. Finally, Quarry LP acquired a new stake in Airbnb during the 3rd quarter valued at $55,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.