Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Director Sells 214,285 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the business’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $128.95, for a total value of $27,632,050.75. Following the completion of the sale, the director now directly owns 1,071,430 shares of the company’s stock, valued at approximately $138,160,898.50. This trade represents a 16.67 % decrease in their position. The transaction 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, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was 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 shares were sold at an average price of $131.88, for a total value 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 stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80.
• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00.

Airbnb Stock Down 0.3 %

ABNB stock opened at $132.16 on Friday. The company has a market cap of $83.79 billion, a price-to-earnings ratio of 46.37, a P/E/G ratio of 1.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The business’s 50-day moving average is $134.45 and its two-hundred day moving average is $132.22. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business 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 earned $2.39 EPS. As a group, analysts forecast that Airbnb, Inc. will post 3.99 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ABNB has been the topic of a number of research analyst reports. Citigroup boosted their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Wedbush upped their target price on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a report on Friday, November 8th. DA Davidson raised their target price on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Robert W. Baird lifted their price target on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, JMP Securities reiterated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $139.63.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ABNB. Salvus Wealth Management LLC increased its stake in shares of Airbnb by 2.5% in the 4th quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company’s stock worth $455,000 after purchasing an additional 84 shares in the last quarter. Koshinski Asset Management Inc. grew its holdings in Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the period. Edge Capital Group LLC increased its position in Airbnb by 1.2% in the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after buying an additional 87 shares in the last quarter. Lazari Capital Management Inc. raised its stake in shares of Airbnb by 3.6% in the second 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. Finally, First Horizon Advisors Inc. lifted its position in shares of Airbnb by 19.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 580 shares of the company’s stock valued at $74,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.