Joseph Gebbia Sells 27,733 Shares of Airbnb (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 27,733 shares of Airbnb stock in a transaction on Thursday, July 2nd. The shares were sold at an average price of $150.01, for a total transaction of $4,160,227.33. Following the completion of the sale, the director owned 2,597,579 shares in the company, valued at approximately $389,662,825.79. This represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• On Monday, June 29th, Joseph Gebbia sold 294,903 shares of Airbnb stock. The shares were sold at an average price of $148.43, for a total value of $43,772,452.29.
• On Monday, June 15th, Joseph Gebbia sold 265,000 shares of Airbnb stock. The stock was sold at an average price of $138.51, for a total value of $36,705,150.00.
• On Monday, June 1st, Joseph Gebbia sold 265,000 shares of Airbnb stock. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00.
• On Tuesday, May 26th, Joseph Gebbia sold 2,860 shares of Airbnb stock. The shares were sold at an average price of $133.44, for a total value of $381,638.40.
• 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 value of $7,282,440.00.
• 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.

Airbnb Price Performance

ABNB stock opened at $142.95 on Thursday. Airbnb, Inc. has a 52 week low of $110.81 and a 52 week high of $150.19. The firm has a market capitalization of $86.16 billion, a P/E ratio of 35.21, a price-to-earnings-growth ratio of 1.60 and a beta of 1.14. The company has a fifty day simple moving average of $138.14 and a two-hundred day simple moving average of $133.87. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The company had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. Analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Recent commentary points to Airbnb’s continued growth momentum, including strong gross bookings and the view that its long-term growth story is still intact. Airbnb’s $90 Billion Growth Story Is Far From Peaking
• Neutral Sentiment: Airbnb reported a CFO insider sale, which can draw investor attention but is relatively small compared with the executive’s remaining stake and does not by itself signal a fundamental change. Elinor Mertz Sells 3,750 Shares of Airbnb (NASDAQ:ABNB) Stock
• Neutral Sentiment: Barclays reiterated a Hold view on Airbnb, suggesting analysts remain cautious but not outright bearish on the stock. Airbnb (ABNB) Receives a Hold from Barclays
• Negative Sentiment: Airbnb was caught in a broad travel-stock decline as oil prices rose and geopolitical tensions increased, pressuring sentiment across the sector. Expedia, Booking, and Airbnb Shares Plummet, What You Need To Know
• Negative Sentiment: Airbnb also underperformed the broader market in the latest session, reinforcing that investors are rotating out of travel and other cyclical names. Here’s Why Airbnb, Inc. (ABNB) Fell More Than Broader Market

Analyst Ratings Changes

Several brokerages have commented on ABNB. Benchmark upped their price objective on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Robert W. Baird boosted their target price on shares of Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Monday, June 29th. UBS Group upped their price target on shares of Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wedbush raised shares of Airbnb from a “neutral” rating to a “neutral” rating in a research note on Monday, May 4th. Finally, Barclays raised their price target on shares of Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Airbnb currently has an average rating of “Moderate Buy” and a consensus price target of $158.36.

Institutional Investors Weigh In On Airbnb

Several hedge funds have recently made changes to their positions in the company. ORG Partners LLC increased its stake in shares of Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the period. Transamerica Financial Advisors LLC lifted its stake in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares during the period. Entrust Financial LLC bought a new position in Airbnb during the 4th quarter worth about $27,000. Meeder Asset Management Inc. grew its holdings in Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares in the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.