Airbnb, Inc. (NASDAQ:ABNB) Director Sells $32,898,400.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 236,000 shares of the 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 completion of the transaction, the director now directly owns 1,180,015 shares of the company’s stock, valued at approximately $164,494,091. The trade was a 16.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

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 value 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 value 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 value 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 value 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 value 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 value 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 value of $27,724,193.30.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $135.54 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $84.90 billion, a price-to-earnings ratio of 32.82, a P/E/G ratio of 3.52 and a beta of 1.14. The business’s 50-day simple moving average is $126.31 and its 200-day simple moving average is $130.78. Airbnb, Inc. has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 EPS. As a group, equities research analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ABNB has been the subject of several research reports. Argus raised Airbnb from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Citigroup reduced their target price on Airbnb from $170.00 to $155.00 and set a “buy” rating for the company in a report on Monday, May 5th. Phillip Securities downgraded Airbnb from a “hold” rating to a “moderate sell” rating in a report on Friday, May 9th. Susquehanna reduced their target price on Airbnb from $200.00 to $150.00 and set a “positive” rating for the company in a report on Monday, May 5th. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and set a $100.00 target price on shares of Airbnb in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $141.23.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in ABNB. Golden State Wealth Management LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $25,000. Park Square Financial Group LLC acquired a new position in shares of Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC acquired a new stake in Airbnb in the 4th quarter valued at approximately $28,000. Stonebridge Financial Group LLC grew its holdings in Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after buying an additional 106 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its holdings in Airbnb by 209.6% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company’s stock valued at $31,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.