Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Director Sells $28,259,905.80 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $137.14, for a total value 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 stock was 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 Stock Performance

NASDAQ ABNB opened at $134.21 on Friday. The stock’s fifty day moving average is $135.71 and its two-hundred day moving average is $134.33. The firm has a market capitalization of $85.09 billion, a P/E ratio of 47.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

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

Hedge Funds Weigh In On Airbnb

Large investors have recently modified their holdings of the business. New Millennium Group LLC acquired a new position in shares of Airbnb in the 2nd quarter valued at $28,000. Northwest Investment Counselors LLC purchased a new position in Airbnb during the 3rd quarter valued at about $25,000. Hollencrest Capital Management boosted its holdings in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Ashton Thomas Securities LLC purchased a new position in Airbnb during the 3rd quarter valued at about $30,000. Finally, Meeder Asset Management Inc. boosted its holdings in Airbnb by 73.6% during the 2nd quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Wall Street Analysts Forecast Growth

ABNB has been the subject of several recent research reports. UBS Group lifted their price target on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Raymond James initiated coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target for the company. Truist Financial reduced their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Finally, DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research report on Monday, November 18th. Six investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $139.48.

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.