Joseph Gebbia Sells 214,285 Shares of Airbnb, Inc. (NASDAQ:ABNB) Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $129.21, for a total value of $27,687,764.85. Following the completion of the transaction, the director now directly owns 857,145 shares of the company’s stock, valued at $110,751,705.45. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75.
• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $135.94, for a total value of $29,129,902.90.
• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.88, for a total transaction of $28,259,905.80.
• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The shares were sold at an average price of $137.14, for a total transaction of $2,667,098.72.
• On Tuesday, November 19th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80.

Airbnb Trading Down 0.6 %

Shares of ABNB traded down $0.79 during mid-day trading on Thursday, hitting $131.79. 2,370,612 shares of the company’s stock traded hands, compared to its average volume of 4,087,953. The business’s 50-day moving average price is $133.84 and its 200-day moving average price is $130.88. Airbnb, Inc. has a 1 year low of $110.38 and a 1 year high of $170.10. The firm has a market capitalization of $83.55 billion, a P/E ratio of 46.24, a PEG ratio of 1.80 and a beta of 1.13. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter last year, the company posted $2.39 earnings per share. As a group, sell-side analysts forecast that Airbnb, Inc. will post 3.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on ABNB shares. Phillip Securities reissued a “reduce” rating and set a $120.00 price objective on shares of Airbnb in a research note on Tuesday, November 12th. Wedbush lifted their price target on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Evercore ISI upped their price objective on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research report on Wednesday, January 15th. Citigroup raised their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $139.63.

Institutional Trading of Airbnb

Large investors have recently bought and sold shares of the company. CAP Partners LLC lifted its stake in shares of Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after purchasing an additional 77 shares during the period. Manchester Capital Management LLC raised its holdings in Airbnb by 18.2% in the fourth quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock worth $69,000 after purchasing an additional 81 shares in the last quarter. Salvus Wealth Management LLC lifted its position in Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock valued at $455,000 after buying an additional 84 shares during the period. Koshinski Asset Management Inc. boosted its holdings in shares of Airbnb by 3.8% during the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after buying an additional 85 shares in the last quarter. Finally, Lazari Capital Management Inc. grew its position in shares of Airbnb by 3.6% in the 2nd quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company’s stock worth $382,000 after buying an additional 88 shares during the period. 80.76% of the stock is owned by institutional investors.

About Airbnb

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.