Joseph Gebbia Sells 54,000 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) Director Joseph Gebbia sold 54,000 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $134.86, for a total value of $7,282,440.00. Following the sale, the director directly owned 15 shares of the company’s stock, valued at $2,022.90. This represents a 99.97% decrease in their ownership of the stock. The sale 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 Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00.
  • On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $142.59, for a total value of $8,270,220.00.
  • On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00.
  • On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $132.51, for a total value of $7,685,580.00.
  • On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $131.27, for a total value of $7,613,660.00.
  • 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.

Airbnb Stock Performance

Shares of NASDAQ ABNB traded up $4.39 during midday trading on Wednesday, reaching $135.55. The company’s stock had a trading volume of 6,496,850 shares, compared to its average volume of 4,286,164. Airbnb, Inc. has a 12-month low of $110.81 and a 12-month high of $147.25. The firm has a 50 day moving average price of $133.49 and a 200-day moving average price of $129.70. The stock has a market capitalization of $81.70 billion, a P/E ratio of 33.39, a PEG ratio of 1.44 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm earned $0.24 EPS. Airbnb’s quarterly revenue was up 17.9% on a year-over-year basis. As a group, equities analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ABNB shares. HC Wainwright upgraded Airbnb to a “buy” rating in a research note on Monday, May 4th. Barclays upped their price objective on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. DA Davidson upped their price objective on Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Citigroup reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Finally, Scotiabank assumed coverage on Airbnb in a research note on Monday, May 4th. They issued an “outperform” rating on the stock. Two equities 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.67.

View Our Latest Stock Report on ABNB

More Airbnb News

Here are the key news stories impacting Airbnb this week:

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently made changes to their positions in the stock. Commerzbank Aktiengesellschaft FI raised its position in shares of Airbnb by 1.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after buying an additional 76 shares in the last quarter. Patton Fund Management Inc. raised its position in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock worth $254,000 after buying an additional 77 shares in the last quarter. BOKF NA raised its position in shares of Airbnb by 11.0% in the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after buying an additional 78 shares in the last quarter. Yoder Wealth Management Inc. raised its position in shares of Airbnb by 0.3% in the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after buying an additional 84 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Airbnb by 1.0% in the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after buying an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

About Airbnb

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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