Airbnb, Inc. (NASDAQ:ABNB) Director Sells $2,667,098.72 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 19,448 shares of the firm’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72. Following the completion of the sale, the director now directly owns 2,509 shares of the company’s stock, valued at $344,084.26. This trade represents a 88.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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

• 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 transaction of $1,596,322.00.
• On Tuesday, October 1st, Joseph Gebbia sold 42,719 shares of Airbnb stock. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12.

Airbnb Stock Down 2.0 %

ABNB opened at $136.32 on Friday. Airbnb, Inc. has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a market cap of $86.42 billion, a PE ratio of 47.83, a price-to-earnings-growth ratio of 1.95 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a 50 day moving average of $134.61 and a 200 day moving average of $135.15.

Airbnb (NASDAQ:ABNB) last posted its earnings results 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 company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the company earned $2.39 EPS. On average, sell-side analysts expect that Airbnb, Inc. will post 4.02 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Tri Ri Asset Management Corp purchased a new stake in Airbnb in the 3rd quarter worth approximately $6,352,000. Wilmington Savings Fund Society FSB bought a new position in shares of Airbnb in the third quarter worth $648,000. Virtu Financial LLC purchased a new stake in shares of Airbnb in the third quarter worth $609,000. Advisory Resource Group boosted its stake in Airbnb by 25.7% during the third quarter. Advisory Resource Group now owns 10,434 shares of the company’s stock valued at $1,323,000 after buying an additional 2,131 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in Airbnb by 22.0% during the third quarter. TD Private Client Wealth LLC now owns 9,123 shares of the company’s stock valued at $1,157,000 after buying an additional 1,648 shares during the period. Institutional investors own 80.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Piper Sandler upped 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. The Goldman Sachs Group dropped their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating on the stock in a report on Thursday, August 8th. Barclays upped their price target on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Phillip Securities restated a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Finally, TD Cowen upped their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $138.94.

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.