Airbnb, Inc. (NASDAQ:ABNB) Director Sells $30,552,560.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $129.46, for a total transaction of $30,552,560.00. Following the transaction, the director now owns 944,015 shares of the company's stock, valued at approximately $122,212,181.90. This represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• On Monday, June 9th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $139.40, for a total value of $32,898,400.00.
• On Wednesday, May 28th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $128.66, for a total value of $30,363,760.00.
• On Wednesday, May 28th, Joseph Gebbia sold 2,509 shares of Airbnb stock. The shares were sold at an average price of $128.70, for a total value of $322,908.30.
• On Tuesday, May 20th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $132.52, for a total value of $28,397,048.20.
• On Tuesday, May 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $122.84, for a total transaction of $26,322,769.40.
• On Tuesday, April 22nd, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $114.22, for a total transaction of $24,475,632.70.
• On Tuesday, April 8th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $108.76, for a total transaction of $23,305,636.60.

Airbnb Stock Up 3.1%

Shares of Airbnb stock traded up $4.05 during trading on Thursday, reaching $133.72. The company's stock had a trading volume of 5,137,007 shares, compared to its average volume of 5,024,104. The business's 50-day moving average price is $129.14 and its 200-day moving average price is $130.50. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93. The firm has a market cap of $83.76 billion, a PE ratio of 33.77, a P/E/G ratio of 2.47 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The business had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period in the prior year, the firm earned $0.41 EPS. The business's revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Ratings Changes

ABNB has been the subject of a number of research analyst reports. Citigroup reduced their target price on shares of Airbnb from $170.00 to $155.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Truist Financial restated a "sell" rating and issued a $106.00 price target (down from $112.00) on shares of Airbnb in a report on Friday, May 30th. Robert W. Baird decreased their price objective on Airbnb from $175.00 to $160.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Phillip Securities cut Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group raised Airbnb from a "hold" rating to a "buy" rating and upped their price target for the stock from $165.00 to $185.00 in a research report on Monday, March 10th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $141.23.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Global Retirement Partners LLC raised its stake in Airbnb by 19.8% in the fourth quarter. Global Retirement Partners LLC now owns 2,128 shares of the company's stock valued at $280,000 after purchasing an additional 351 shares in the last quarter. TCW Group Inc. bought a new position in Airbnb in the 4th quarter valued at about $1,816,000. World Equity Group Inc. acquired a new position in shares of Airbnb in the 4th quarter valued at approximately $224,000. Synergy Financial Group LTD lifted its holdings in shares of Airbnb by 14.3% during the 4th quarter. Synergy Financial Group LTD now owns 6,074 shares of the company's stock worth $798,000 after acquiring an additional 759 shares during the period. Finally, FFT Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter worth approximately $344,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.