Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia Sells 236,000 Shares

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the transaction, the director now owns 1,416,015 shares in the company, valued at $182,184,489.90. The trade was a 14.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

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

• On Wednesday, May 28th, Joseph Gebbia sold 2,509 shares of Airbnb stock. The stock was 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 shares were sold at an average price of $132.52, for a total transaction 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 stock was 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 shares were sold at an average price of $108.76, for a total transaction of $23,305,636.60.
• On Tuesday, March 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.38, for a total value of $27,724,193.30.
• 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 value of $27,171,338.00.

Airbnb Price Performance

Airbnb stock traded up $3.28 during trading hours on Tuesday, hitting $132.90. 5,807,829 shares of the company traded hands, compared to its average volume of 4,963,189. The firm's 50-day simple moving average is $122.47 and its two-hundred day simple moving average is $130.62. The firm has a market cap of $83.25 billion, a P/E ratio of 32.18, a P/E/G ratio of 3.52 and a beta of 1.14. Airbnb, Inc. has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to the consensus estimate of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.41 EPS. As a group, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of several analyst reports. Barclays dropped their price objective on Airbnb from $120.00 to $103.00 and set an "underweight" rating on the stock in a report on Friday, May 2nd. BTIG Research restated a "neutral" rating on shares of Airbnb in a research note on Wednesday, May 28th. Cantor Fitzgerald reiterated an "underweight" rating and set a $100.00 price objective on shares of Airbnb in a research note on Wednesday, May 14th. Piper Sandler decreased their price objective on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Finally, Gordon Haskett upgraded shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price on the stock in a research note on Friday, February 14th. Five equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Airbnb has an average rating of "Hold" and an average price target of $141.23.

Institutional Trading of Airbnb

Several institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in Airbnb in the fourth quarter worth about $25,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in Airbnb during the fourth quarter valued at approximately $28,000. Graney & King LLC bought a new stake in Airbnb during the fourth quarter worth approximately $32,000. Finally, Stonebridge Financial Group LLC grew its position in Airbnb by 75.7% in the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after buying an additional 106 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

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.