Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $140.37, for a total transaction of $8,141,460.00. Following the completion of the transaction, the director owned 54,015 shares of the company's stock, valued at $7,582,085.55. This represents a 51.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Joseph Gebbia also recently made the following trade(s):
- On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $142.59, for a total transaction of $8,270,220.00.
- On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00.
- On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $132.51, for a total transaction of $7,685,580.00.
- On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $131.27, for a total transaction of $7,613,660.00.
- On Monday, February 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $121.97, for a total transaction of $7,074,260.00.
- On Monday, February 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $121.15, for a total transaction of $7,026,700.00.
Airbnb Stock Performance
NASDAQ ABNB traded up $0.15 on Wednesday, reaching $139.88. The company's stock had a trading volume of 4,376,389 shares, compared to its average volume of 4,230,887. Airbnb, Inc. has a twelve month low of $110.81 and a twelve month high of $147.25. The stock has a market cap of $85.15 billion, a PE ratio of 34.62, a PEG ratio of 1.69 and a beta of 1.20. The firm's 50 day moving average is $132.78 and its two-hundred day moving average is $129.07.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the company posted $0.73 earnings per share. Airbnb's revenue was up 12.9% compared to the same quarter last year. Equities research analysts anticipate that Airbnb, Inc. will post 4.94 EPS for the current fiscal year.
Key Airbnb News
Here are the key news stories impacting Airbnb this week:
Wall Street Analysts Forecast Growth
A number of equities research analysts have weighed in on the stock. Scotiabank assumed coverage on shares of Airbnb in a report on Monday. They issued an "outperform" rating for the company. B. Riley Financial raised shares of Airbnb from a "neutral" rating to a "buy" rating and upped their price target for the company from $140.00 to $170.00 in a report on Monday, January 12th. Weiss Ratings reissued a "hold (c)" rating on shares of Airbnb in a report on Monday, April 20th. Rodman & Renshaw began coverage on shares of Airbnb in a report on Monday. They issued a "buy" rating for the company. Finally, Morgan Stanley lowered shares of Airbnb from an "underweight" rating to an "underweight" rating in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of "Moderate Buy" and an average target price of $153.00.
Read Our Latest Stock Analysis on Airbnb
Institutional Trading of Airbnb
A number of hedge funds have recently bought and sold shares of the company. Kera Capital Partners Inc. lifted its stake in Airbnb by 19.6% during the first quarter. Kera Capital Partners Inc. now owns 10,178 shares of the company's stock valued at $1,285,000 after buying an additional 1,667 shares in the last quarter. Assetmark Inc. lifted its position in shares of Airbnb by 13.7% in the first quarter. Assetmark Inc. now owns 171,602 shares of the company's stock worth $21,670,000 after purchasing an additional 20,725 shares in the last quarter. Main Street Group LTD purchased a new stake in shares of Airbnb in the first quarter worth approximately $29,000. Allspring Global Investments Holdings LLC lifted its position in shares of Airbnb by 7.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 19,597 shares of the company's stock worth $2,453,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new stake in shares of Airbnb in the first quarter worth approximately $439,000. 80.76% of the stock is owned by hedge funds and other institutional investors.
Airbnb Company Profile
(
Get Free Report)
Airbnb, Inc NASDAQ: ABNB operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.
Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.
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