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

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $132.52, for a total transaction of $28,397,048.20. Following the transaction, the director now directly owns 1,652,015 shares of the company’s stock, valued at $218,925,027.80. The trade was a 11.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction 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 transaction of $24,475,632.70.
• On Tuesday, April 8th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60.
• On Tuesday, March 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $129.38, for a total transaction 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 transaction of $27,171,338.00.
• On Tuesday, February 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were 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 $126.72 on Friday. The stock has a 50-day simple moving average of $122.43 and a 200-day simple moving average of $131.04. 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 $79.38 billion, a PE ratio of 30.68, a PEG ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.41 EPS. On average, analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ABNB shares. Wells Fargo & Company upped their price objective on shares of Airbnb from $100.00 to $104.00 and gave the company an “underweight” rating in a report on Friday, May 2nd. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Barclays reduced their price objective on Airbnb from $120.00 to $103.00 and set an “underweight” rating for the company in a research note on Friday, May 2nd. DA Davidson raised Airbnb from a “neutral” rating to a “buy” rating and cut their target price for the stock from $170.00 to $155.00 in a research note on Wednesday, April 30th. Finally, Tigress Financial raised their target price on Airbnb from $195.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, March 14th. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $141.43.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at about $26,000. Park Square Financial Group LLC acquired a new stake in Airbnb during the 4th quarter valued at approximately $26,000. Orion Capital Management LLC bought a new position in Airbnb during the 4th quarter worth approximately $28,000. Finally, Stonebridge Financial Group LLC lifted its holdings in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock worth $29,000 after purchasing an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.