Airbnb (NASDAQ:ABNB) Director Sells $7,730,240.00 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction dated Monday, January 26th. The shares were sold at an average price of $133.28, for a total transaction of $7,730,240.00. Following the completion of the transaction, the director directly owned 460,015 shares in the company, valued at $61,310,799.20. The trade was a 11.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Monday, January 12th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $138.45, for a total transaction of $8,030,100.00.
• On Monday, December 29th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $136.70, for a total transaction of $7,928,600.00.
• On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $130.56, for a total transaction of $7,572,480.00.
• On Monday, December 1st, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $118.47, for a total transaction of $6,871,260.00.
• On Monday, November 24th, Joseph Gebbia sold 232,000 shares of Airbnb stock. The shares were sold at an average price of $114.22, for a total value of $26,499,040.00.
• On Monday, November 10th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $120.66, for a total value of $28,475,760.00.

Airbnb Trading Down 1.8%

Shares of NASDAQ ABNB opened at $129.37 on Friday. The stock has a market capitalization of $79.63 billion, a PE ratio of 30.73, a PEG ratio of 2.04 and a beta of 1.09. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The stock has a fifty day simple moving average of $130.57 and a 200-day simple moving average of $127.47.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.14% and a net margin of 22.03%.Airbnb’s revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.13 EPS. On average, equities analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analysts Set New Price Targets

ABNB has been the topic of several recent research reports. Truist Financial upped their target price on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research note on Thursday, December 4th. DA Davidson reaffirmed a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, December 5th. Morgan Stanley increased their price objective on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research note on Tuesday, January 13th. KeyCorp began coverage on Airbnb in a research note on Thursday, October 23rd. They set a “sector weight” rating for the company. Finally, Mizuho set a $156.00 price target on Airbnb in a research report on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, twenty have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $147.84.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harris Associates L P lifted its stake in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP acquired a new stake in Airbnb during the third quarter worth approximately $505,672,000. Norges Bank purchased a new stake in shares of Airbnb during the 2nd quarter worth approximately $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Airbnb by 453.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after buying an additional 2,724,682 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Airbnb by 58.6% in the 3rd quarter. AQR Capital Management LLC now owns 4,269,937 shares of the company’s stock valued at $518,456,000 after buying an additional 1,577,338 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Company Profile

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.