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 firm’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total value of $27,724,193.30. Following the transaction, the director now owns 2,509,155 shares of the company’s stock, valued at $324,634,473.90. This trade represents a 7.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Tuesday, March 11th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $126.80, for a total transaction of $27,171,338.00.
• 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 stock was sold at an average price of $128.95, for a total value of $27,632,050.75.
• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $135.94, for a total value of $29,129,902.90.

Airbnb Stock Down 2.3 %

Shares of NASDAQ:ABNB opened at $125.65 on Friday. The stock has a market capitalization of $79.23 billion, a P/E ratio of 30.42, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The stock’s 50-day moving average price is $135.58 and its 200-day moving average price is $133.55. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $167.38.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) 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 Analyst Weigh In

Several equities research analysts have weighed in on the stock. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a research note on Friday, February 14th. Argus raised Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Robert W. Baird cut their price target on Airbnb from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday. Morgan Stanley boosted their price objective on Airbnb from $115.00 to $125.00 and gave the company an “underweight” rating in a report on Monday, January 13th. Finally, Truist Financial decreased their target price on shares of Airbnb from $123.00 to $112.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $147.36.

Institutional Trading of Airbnb

Several large investors have recently modified their holdings of ABNB. Quest Partners LLC grew its position in shares of Airbnb by 3,643.9% in the 3rd quarter. Quest Partners LLC now owns 2,134 shares of the company’s stock worth $271,000 after buying an additional 2,077 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in shares of Airbnb by 2.7% during the third quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock valued at $468,000 after acquiring an additional 97 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in Airbnb in the third quarter worth $67,000. Private Trust Co. NA boosted its holdings in Airbnb by 9.9% in the third quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock valued at $142,000 after acquiring an additional 101 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in Airbnb by 2.1% in the third quarter. D.A. Davidson & CO. now owns 31,575 shares of the company’s stock valued at $4,004,000 after acquiring an additional 650 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

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.