Airbnb (NASDAQ:ABNB) Director Sells $369,000.00 in Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) Director Joseph Gebbia sold 2,460 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $150.00, for a total value of $369,000.00. Following the sale, the director directly owned 2,595,119 shares in the company, valued at approximately $389,267,850. The trade was a 0.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Thursday, July 2nd, Joseph Gebbia sold 27,733 shares of Airbnb stock. The shares were sold at an average price of $150.01, for a total value of $4,160,227.33.
  • 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 shares were 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

Airbnb stock traded up $1.73 during midday trading on Friday, hitting $148.62. The company’s stock had a trading volume of 2,635,765 shares, compared to its average volume of 3,454,486. Airbnb, Inc. has a 12 month low of $110.81 and a 12 month high of $150.19. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $89.57 billion, a PE ratio of 36.61, a price-to-earnings-growth ratio of 1.59 and a beta of 1.14. The stock’s 50-day moving average price is $138.47 and its 200-day moving average price is $134.06.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $2.62 billion. During the same period in the prior year, the firm earned $0.24 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. Analysts anticipate that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a research note on Monday, May 4th. Raymond James Financial upgraded Airbnb from a “market perform” rating to a “strong-buy” rating in a report on Monday, May 4th. HC Wainwright raised Airbnb to a “buy” rating in a research report on Monday, May 4th. Finally, Evercore reaffirmed an “outperform” rating on shares of Airbnb in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Airbnb has an average rating of “Moderate Buy” and an average price target of $158.36.

Get Our Latest Stock Report on ABNB

Institutional Inflows and Outflows

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

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

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.

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