Insider Selling: Airbnb (NASDAQ:ABNB) Director Sells $381,638.40 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 2,860 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $133.44, for a total transaction of $381,638.40. Following the transaction, the director directly owned 3,447,355 shares in the company, valued at approximately $460,015,051.20. This represents a 0.08% decrease in their position. The transaction 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, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The shares were sold at an average price of $134.86, for a total transaction of $7,282,440.00.
• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $140.37, for a total transaction of $8,141,460.00.
• 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.

Airbnb Price Performance

ABNB stock opened at $133.31 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $147.25. The firm’s fifty day moving average is $133.93 and its 200 day moving average is $130.20. The firm has a market cap of $80.35 billion, a P/E ratio of 32.84, a P/E/G ratio of 1.44 and a beta of 1.20.

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

Analyst Ratings Changes

A number of brokerages have issued reports on ABNB. Mizuho raised their price target on shares of Airbnb from $156.00 to $175.00 and gave the stock an “outperform” rating in a report on Tuesday, March 3rd. Robert W. Baird set a $150.00 price target on shares of Airbnb in a report on Friday, May 8th. TD Cowen raised their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Tigress Financial cut their price target on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th. Finally, Weiss Ratings raised shares of Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus target price of $157.67.

More Airbnb News

Here are the key news stories impacting Airbnb this week:

• Negative Sentiment: CEO Brian Chesky sold 265,746 shares for about $35.1 million, cutting his position by 2.32% and adding to recent selling pressure. SEC filing
• Negative Sentiment: Chesky also sold 229,550 shares for about $30.6 million, trimming another 1.96% from his stake. SEC filing
• Negative Sentiment: A separate 20,000-share sale by the CEO further reinforced the pattern of insider selling around current trading levels. SEC filing
• Negative Sentiment: Director Joseph Gebbia also sold 2,860 shares, adding to the recent stream of insider sales at Airbnb. SEC filing
• Neutral Sentiment: Airbnb expanded its platform with airport pickups, grocery delivery, luggage storage, and car rentals, which could support long-term engagement but is unlikely to move the stock immediately. Article source
• Neutral Sentiment: Airbnb is investing in group travel startup WeRoad through a $58 million Series C round, potentially broadening its travel ecosystem, but the near-term financial impact is still uncertain. Article source

Institutional Investors Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the company. Sumitomo Life Insurance Co. boosted its stake in shares of Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after purchasing an additional 8,636 shares in the last quarter. National Pension Service boosted its stake in shares of Airbnb by 1.1% during the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company’s stock valued at $133,126,000 after purchasing an additional 12,453 shares in the last quarter. Syntax Research Inc. bought a new stake in shares of Airbnb during the 3rd quarter valued at about $1,865,000. Merit Financial Group LLC boosted its stake in shares of Airbnb by 72.1% during the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after purchasing an additional 13,818 shares in the last quarter. Finally, Markel Group Inc. boosted its stake in shares of Airbnb by 7.1% during the 3rd quarter. Markel Group Inc. now owns 227,133 shares of the company’s stock valued at $27,578,000 after purchasing an additional 15,130 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

About Airbnb

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.