Airbnb, Inc. (NASDAQ:ABNB) Director Sells $28,088,477.80 in Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the transaction, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. This represents a 95.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00.
• On Tuesday, October 1st, Joseph Gebbia sold 42,719 shares of Airbnb stock. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12.

Airbnb Stock Performance

Shares of ABNB opened at $137.34 on Friday. The company has a market capitalization of $87.07 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.89 and a beta of 1.15. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average price of $132.73 and a 200 day moving average price of $135.70.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company posted $2.39 EPS. Research analysts predict that Airbnb, Inc. will post 4.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of several analyst reports. BMO Capital Markets reduced their price target on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 7th. TD Cowen upped their price target on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Wells Fargo & Company raised their price objective on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Citigroup lifted their price target on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Six research analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Airbnb currently has a consensus rating of “Hold” and a consensus target price of $138.97.

Hedge Funds Weigh In On Airbnb

Hedge funds have recently made changes to their positions in the company. Transcendent Capital Group LLC acquired a new stake in shares of Airbnb in the 1st quarter valued at about $25,000. Northwest Investment Counselors LLC purchased a new stake in Airbnb in the third quarter valued at approximately $25,000. Hollencrest Capital Management boosted its holdings in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. New Millennium Group LLC acquired a new stake in shares of Airbnb in the second quarter valued at approximately $28,000. Finally, Cultivar Capital Inc. purchased a new position in shares of Airbnb during the second quarter worth approximately $30,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.