Insider Selling: Airbnb (NASDAQ:ABNB) Director Sells 2,860 Shares of Stock

Key Points

• Airbnb director Joseph Gebbia sold 2,860 shares on May 26 at an average price of $133.44, totaling about $381,638. The sale slightly reduced his ownership by 0.08%, leaving him with 3.45 million shares.
• Gebbia has been actively trimming his stake with several prior sales in recent months, including 54,000 shares on May 18 and multiple 58,000-share sales earlier in the year.
• Airbnb shares were down modestly in Wednesday trading at $132.10, after the company recently reported mixed quarterly results: revenue beat estimates, but earnings per share came in below expectations.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 2,860 shares of Airbnb stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total value of $381,638.40. Following the sale, the director directly owned 3,447,355 shares of the company's stock, valued at approximately $460,015,051.20. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The stock was sold at an average price of $134.86, for a total value of $7,282,440.00.
• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00.
• On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $142.59, for a total value of $8,270,220.00.
• On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00.
• On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $132.51, for a total value of $7,685,580.00.
• On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $131.27, for a total value of $7,613,660.00.

Airbnb Trading Down 0.4%

ABNB stock traded down $0.58 during midday trading on Wednesday, hitting $132.10. 3,094,383 shares of the company's stock were exchanged, compared to its average volume of 3,889,975. The stock's fifty day moving average price is $133.83 and its 200-day moving average price is $130.08. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $79.62 billion, a PE ratio of 32.54, a price-to-earnings-growth ratio of 1.42 and a beta of 1.20. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business's revenue was up 17.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.24 earnings per share. Research analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI raised its holdings in Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company's stock worth $727,000 after acquiring an additional 76 shares in the last quarter. Patton Fund Management Inc. raised its holdings in Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company's stock worth $254,000 after acquiring an additional 77 shares in the last quarter. BOKF NA raised its holdings in Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company's stock worth $107,000 after acquiring an additional 78 shares in the last quarter. Yoder Wealth Management Inc. raised its holdings in Airbnb by 0.3% during the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company's stock worth $3,582,000 after acquiring an additional 84 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company's stock worth $1,007,000 after acquiring an additional 86 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on Airbnb from $178.00 to $181.00 and gave the stock an "overweight" rating in a report on Friday, May 8th. Argus upgraded Airbnb to a "strong-buy" rating in a report on Tuesday, February 17th. TD Cowen boosted their price target on Airbnb from $150.00 to $160.00 and gave the company a "buy" rating in a report on Friday, February 13th. Robert W. Baird set a $150.00 price target on Airbnb in a report on Friday, May 8th. Finally, Rodman & Renshaw began coverage on Airbnb in a report on Monday, May 4th. They issued a "buy" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $157.67.

Airbnb Company Profile

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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