Airbnb, Inc. (NASDAQ:ABNB) Director Sells $41,027,000.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB – Get Rating) Director Joseph Gebbia sold 350,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $117.22, for a total transaction of $41,027,000.00. Following the completion of the sale, the director now directly owns 6,483,435 shares in the company, valued at approximately $759,988,250.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Thursday, March 2nd, Joseph Gebbia sold 54,256 shares of Airbnb stock. The shares were sold at an average price of $125.00, for a total transaction of $6,782,000.00.
• On Monday, February 27th, Joseph Gebbia sold 8,890 shares of Airbnb stock. The shares were sold at an average price of $125.00, for a total transaction of $1,111,250.00.
• On Thursday, February 23rd, Joseph Gebbia sold 1,250,000 shares of Airbnb stock. The stock was sold at an average price of $124.06, for a total transaction of $155,075,000.00.
• On Wednesday, February 15th, Joseph Gebbia sold 333,332 shares of Airbnb stock. The stock was sold at an average price of $134.12, for a total transaction of $44,706,487.84.
• On Tuesday, December 27th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was sold at an average price of $84.09, for a total transaction of $978,387.15.

Airbnb Trading Down 1.5 %

Shares of ABNB opened at $118.15 on Friday. The stock has a market capitalization of $75.68 billion, a P/E ratio of 42.20, a PEG ratio of 1.85 and a beta of 1.15. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.36. The firm has a fifty day simple moving average of $115.22 and a two-hundred day simple moving average of $107.52. Airbnb, Inc. has a twelve month low of $81.91 and a twelve month high of $179.09.

Airbnb (NASDAQ:ABNB – Get Rating) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.27 by $0.21. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the prior year, the business earned $0.08 EPS. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, research analysts anticipate that Airbnb, Inc. will post 3.38 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. American National Bank raised its holdings in Airbnb by 886.7% in the 4th quarter. American National Bank now owns 296 shares of the company’s stock worth $25,000 after purchasing an additional 266 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. raised its holdings in Airbnb by 65.8% in the 2nd quarter. Mine & Arao Wealth Creation & Management LLC. now owns 378 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares in the last quarter. RFP Financial Group LLC bought a new position in Airbnb in the 4th quarter worth $34,000. TCI Wealth Advisors Inc. raised its holdings in Airbnb by 96.2% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 357 shares of the company’s stock worth $37,000 after purchasing an additional 175 shares in the last quarter. Finally, Chelsea Counsel Co. bought a new position in Airbnb in the 4th quarter worth $37,000. 39.02% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ABNB. HSBC upped their target price on shares of Airbnb from $158.00 to $163.00 in a report on Thursday, February 16th. Gordon Haskett lowered shares of Airbnb from a “hold” rating to an “underperform” rating in a report on Wednesday, January 25th. Loop Capital upped their target price on shares of Airbnb from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, February 16th. Piper Sandler boosted their price target on shares of Airbnb from $110.00 to $131.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 15th. Finally, Royal Bank of Canada boosted their price target on shares of Airbnb from $110.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 15th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $140.52.

About Airbnb

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.