Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 232,000 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 232,000 shares of Airbnb stock in a transaction on Monday, November 24th. The shares were sold at an average price of $114.22, for a total transaction of $26,499,040.00. Following the completion of the transaction, the director owned 15 shares in the company, valued at approximately $1,713.30. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 transaction of $28,475,760.00.
• On Monday, October 27th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $128.47, for a total transaction of $30,318,920.00.
• On Monday, October 13th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $119.22, for a total transaction of $28,135,920.00.
• On Monday, September 29th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $123.57, for a total transaction of $29,162,520.00.
• On Monday, September 15th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $120.76, for a total transaction of $28,499,360.00.
• On Tuesday, September 2nd, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $127.53, for a total value of $30,097,080.00.

Airbnb Trading Down 1.5%

NASDAQ ABNB opened at $116.74 on Thursday. The stock has a market capitalization of $71.86 billion, a price-to-earnings ratio of 27.73, a PEG ratio of 2.09 and a beta of 1.11. The business’s 50 day moving average is $122.21 and its two-hundred day moving average is $128.27. Airbnb, Inc. has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business earned $2.13 earnings per share. The firm’s quarterly revenue was up 9.9% compared to the same quarter last year. Airbnb has set its Q4 2025 guidance at EPS. Equities analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. ARQ Wealth Advisors LLC acquired a new stake in shares of Airbnb in the third quarter valued at approximately $246,000. Kimelman & Baird LLC acquired a new stake in Airbnb during the 3rd quarter valued at $140,000. CIBC Bancorp USA Inc. purchased a new position in Airbnb during the third quarter worth $9,106,000. Ariadne Wealth Management LP purchased a new position in Airbnb during the third quarter worth $266,000. Finally, Centaurus Financial Inc. raised its holdings in shares of Airbnb by 64.8% in the third quarter. Centaurus Financial Inc. now owns 6,681 shares of the company’s stock worth $811,000 after acquiring an additional 2,628 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the topic of a number of recent analyst reports. Zacks Research raised shares of Airbnb to a “hold” rating in a research note on Tuesday, August 12th. DA Davidson set a $155.00 price objective on shares of Airbnb in a report on Friday, November 14th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Airbnb in a report on Wednesday, October 8th. Finally, BNP Paribas began coverage on Airbnb in a research note on Monday. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, Airbnb presently has a consensus rating of “Hold” and an average target price of $143.31.

Airbnb Company Profile

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.