Insider Selling: Airbnb (NASDAQ:ABNB) Director Sells 58,000 Shares of Stock

Key Points

• Joseph Gebbia sold 58,000 shares on March 9 at an average price of $131.27, generating about $7.61 million and cutting his position by 16.86% to 286,015 shares (valued ~ $37.55M).
• This sale is part of a repeated pattern of identical 58,000‑share disposals by Gebbia since December (including trades on Feb 23, Feb 9, Jan 26, Jan 12, Dec 29 and Dec 15), indicating sustained insider selling activity.
• Airbnb recently reported an EPS miss ($0.56 vs. $0.66 expected) but a revenue beat ($2.78B vs. $2.71B), and the stock trades near $133 with a market cap around $81.2 billion.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, March 9th. The shares were sold at an average price of $131.27, for a total value of $7,613,660.00. Following the transaction, the director owned 286,015 shares of the company's stock, valued at $37,545,189.05. The trade was a 16.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, February 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $121.97, for a total value 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 value of $7,026,700.00.
• On Monday, January 26th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $133.28, for a total value of $7,730,240.00.
• On Monday, January 12th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $138.45, for a total transaction of $8,030,100.00.
• On Monday, December 29th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $136.70, for a total transaction of $7,928,600.00.
• On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $130.56, for a total transaction of $7,572,480.00.

Airbnb Stock Up 0.7%

Airbnb stock traded up $0.95 during trading hours on Wednesday, hitting $133.39. The stock had a trading volume of 2,171,510 shares, compared to its average volume of 4,938,613. The stock has a market capitalization of $81.20 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.51 and a beta of 1.12. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $143.88. The stock's 50-day moving average price is $130.42 and its 200-day moving average price is $126.64.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company's quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. On average, research analysts expect that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd bought a new position in shares of Airbnb during the 3rd quarter valued at $25,000. ORG Partners LLC grew its holdings in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after acquiring an additional 96 shares during the period. Transamerica Financial Advisors LLC grew its holdings in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock worth $26,000 after acquiring an additional 112 shares during the period. Entrust Financial LLC purchased a new stake in Airbnb during the fourth quarter valued at $27,000. Finally, Sunbelt Securities Inc. lifted its holdings in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Citizens Jmp upgraded Airbnb from a "market perform" rating to an "outperform" rating and set a $160.00 target price on the stock in a research note on Wednesday, February 4th. DA Davidson decreased their price target on Airbnb from $155.00 to $150.00 and set a "buy" rating for the company in a research note on Tuesday, February 17th. Royal Bank Of Canada restated an "outperform" rating on shares of Airbnb in a research note on Wednesday, January 14th. B. Riley Financial raised 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. Finally, Barclays increased their price objective on Airbnb from $120.00 to $122.00 and gave the company an "equal weight" rating in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Airbnb has a consensus rating of "Hold" and a consensus target price of $149.42.

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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