Joseph Gebbia Sells 214,285 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the completion of the sale, the director now owns 214,290 shares in the company, valued at $27,171,972. This represents a 50.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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.
• On Tuesday, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.21, for a total transaction of $27,687,764.85.
• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $128.95, for a total transaction of $27,632,050.75.
• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $135.94, for a total transaction of $29,129,902.90.
• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80.

Airbnb Stock Up 2.9 %

ABNB stock opened at $122.86 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market capitalization of $77.47 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 3.52 and a beta of 1.10. The business’s fifty day moving average price is $136.23 and its two-hundred day moving average price is $132.96. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ABNB. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Morgan Stanley raised their target price on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Truist Financial dropped their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Bank of America raised their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th. Finally, Benchmark raised their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $148.15.

Institutional Trading of Airbnb

Several large investors have recently modified their holdings of ABNB. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $25,000. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $26,000. Park Square Financial Group LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $26,000. Orion Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth $28,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.