Airbnb, Inc. (NASDAQ:ABNB) Director Sells $28,088,477.80 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Trading Up 4.8 %

ABNB traded up $6.39 on Friday, hitting $139.65. 1,791,680 shares of the company were exchanged, compared to its average volume of 4,508,854. The stock has a market capitalization of $88.53 billion, a PE ratio of 46.79, a price-to-earnings-growth ratio of 1.86 and a beta of 1.15. 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 quick ratio of 1.62 and a current ratio of 1.62. The firm has a fifty day simple moving average of $132.34 and a two-hundred day simple moving average of $136.03.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share 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 company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the firm earned $2.39 EPS. Sell-side analysts expect that Airbnb, Inc. will post 4.04 earnings per share for the current year.

Institutional Investors Weigh In On Airbnb

Large investors have recently bought and sold shares of the business. Transcendent Capital Group LLC purchased a new position in shares of Airbnb during the first quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in shares of Airbnb during the 3rd quarter valued at $25,000. Hollencrest Capital Management lifted its position in shares of 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 buying an additional 200 shares in the last quarter. New Millennium Group LLC purchased a new stake in Airbnb in the 2nd quarter worth approximately $28,000. Finally, Cultivar Capital Inc. bought a new stake in Airbnb during the 2nd quarter worth approximately $30,000. 80.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research reports. Mizuho cut their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Wedbush lifted their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial decreased their price objective on Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th. Finally, Sanford C. Bernstein dropped their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. Six investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Airbnb currently has an average rating of “Hold” and a consensus price target of $138.97.

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.