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

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction on Monday, June 9th. The stock was sold at an average price of $139.40, for a total value of $32,898,400.00. Following the transaction, the director now directly owns 1,180,015 shares of the company's stock, valued at $164,494,091. This trade represents a 16.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Wednesday, May 28th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $128.66, for a total transaction 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 transaction 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 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 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 transaction of $27,724,193.30.

Airbnb Stock Down 2.4%

NASDAQ ABNB traded down $3.27 on Friday, reaching $135.54. The company had a trading volume of 5,090,904 shares, compared to its average volume of 5,026,253. The firm has a market capitalization of $84.90 billion, a PE ratio of 32.82, 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 firm has a 50-day moving average of $126.31 and a 200-day moving average of $130.73. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ABNB. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 price objective for the company in a research note on Friday, February 14th. JMP Securities reaffirmed a "market perform" rating on shares of Airbnb in a research note on Friday, May 2nd. Phillip Securities downgraded shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research note on Friday, May 9th. HSBC raised shares of Airbnb from a "hold" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Susquehanna dropped their price objective on shares of Airbnb from $200.00 to $150.00 and set a "positive" rating for the company in a research note on Monday, May 5th. Five equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $141.23.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently made changes to their positions in ABNB. Golden State Wealth Management LLC purchased a new position in shares of Airbnb during the 4th quarter valued at approximately $25,000. Kingsview Wealth Management LLC boosted its stake in shares of Airbnb by 3.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 3,825 shares of the company's stock valued at $503,000 after buying an additional 134 shares during the last quarter. Empirical Finance LLC boosted its stake in shares of Airbnb by 6.7% during the 4th quarter. Empirical Finance LLC now owns 2,791 shares of the company's stock valued at $367,000 after buying an additional 175 shares during the last quarter. Quotient Wealth Partners LLC purchased a new position in shares of Airbnb during the 4th quarter valued at approximately $204,000. Finally, Kestra Private Wealth Services LLC boosted its stake in shares of Airbnb by 3.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 17,352 shares of the company's stock valued at $2,280,000 after buying an additional 630 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.