Airbnb, Inc. (NASDAQ:ABNB) Director Sells $1,745,482.70 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $150.02, for a total value of $1,745,482.70. Following the sale, the director now owns 30,435 shares in the company, valued at $4,565,858.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• On Friday, June 21st, Joseph Gebbia sold 1,500 shares of Airbnb stock. The stock was sold at an average price of $150.00, for a total transaction of $225,000.00.
• On Monday, June 24th, Joseph Gebbia sold 5,442 shares of Airbnb stock. The shares were sold at an average price of $150.00, for a total transaction of $816,300.00.
• On Wednesday, June 12th, Joseph Gebbia sold 44,990 shares of Airbnb stock. The stock was sold at an average price of $150.04, for a total transaction of $6,750,299.60.

Airbnb Price Performance

Shares of Airbnb stock opened at $154.34 on Wednesday. Airbnb, Inc. has a 52 week low of $113.24 and a 52 week high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The stock has a market cap of $99.40 billion, a PE ratio of 20.66, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. The company’s 50-day moving average price is $150.20 and its two-hundred day moving average price is $151.11.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.18. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter in the previous year, the company posted $0.18 EPS. The business’s revenue was up 17.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Airbnb, Inc. will post 4.65 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the subject of a number of research reports. B. Riley assumed coverage on Airbnb in a research note on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price target for the company. JPMorgan Chase & Co. boosted their price target on Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a report on Thursday, May 9th. Citigroup reduced their price objective on Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Bank of America boosted their target price on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. Finally, B. Riley Financial started coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $152.38.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ABNB. Vanguard Group Inc. raised its position in shares of Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the period. Norges Bank acquired a new position in shares of Airbnb in the fourth quarter worth about $619,584,000. Jennison Associates LLC increased its position in shares of Airbnb by 57.9% in the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after acquiring an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Finally, Edgewood Management LLC grew its position in Airbnb by 20.8% during the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after purchasing an additional 2,135,529 shares in the last quarter. 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.