Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 58,000 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, April 20th. The shares were sold at an average price of $142.59, for a total value of $8,270,220.00. Following the transaction, the director directly owned 112,015 shares of the company’s stock, valued at approximately $15,972,218.85. The trade was a 34.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

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

• On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00.
• On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $132.51, for a total value of $7,685,580.00.
• On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $131.27, for a total value of $7,613,660.00.
• On Monday, February 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $121.97, for a total value of $7,074,260.00.
• On Monday, February 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $121.15, for a total value of $7,026,700.00.
• On Monday, January 26th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $133.28, for a total value of $7,730,240.00.

Airbnb Stock Performance

Shares of NASDAQ:ABNB opened at $144.18 on Thursday. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The stock has a fifty day moving average of $130.29 and a 200-day moving average of $128.03. The company has a market capitalization of $87.76 billion, a PE ratio of 35.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the company posted $0.73 EPS. Airbnb’s revenue was up 12.9% on a year-over-year basis. As a group, research analysts forecast that Airbnb, Inc. will post 4.96 EPS for the current fiscal year.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wells Fargo upgraded ABNB to Overweight and raised its price target to $178, arguing Airbnb may be at a “business inflection” with accelerating growth and margin recovery — a direct driver of the bullish move in the stock today. Wells Fargo upgrade and $178 target
• Positive Sentiment: Airbnb is expanding to list independent/boutique hotels in major cities — a strategic product push that Wells Fargo and other analysts say could widen Airbnb’s addressable market and strengthen its competitive moat. Boutique hotel expansion
• Neutral Sentiment: Momentum and positioning into earnings: ABNB hit a new 52-week high and analysts expect double-digit EPS growth for the coming quarter — momentum that supports the rally but sets up sensitivity to the May earnings print. 52-week high and earnings preview
• Neutral Sentiment: Macro/strategic noise: an outside hire movement — OpenAI hiring a former Airbnb executive — is notable for talent flow in tech but is not a direct business indicator for Airbnb. OpenAI hires ex-Airbnb exec
• Negative Sentiment: Insider selling: Director Joseph Gebbia sold 58,000 shares at ~\$142.59 last week (SEC filing). Large insider sales can spook investors, especially near a peak. Insider sale disclosure
• Negative Sentiment: Valuation and near-term guidance risk: several commentaries caution that the stock’s 20%+ one-year gain and higher multiples leave little room for a guidance miss; some analysts warn FQ2 guidance or an “identity shift” (more hotel-like supply/margins) could pressure margins or investor sentiment. Valuation and guidance concerns

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of ABNB. Harris Associates L P lifted its holdings in shares of Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares in the last quarter. Independent Franchise Partners LLP purchased a new stake in shares of Airbnb in the third quarter valued at $505,672,000. Norges Bank purchased a new stake in shares of Airbnb in the fourth quarter valued at $480,332,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares in the last quarter. Finally, SRS Investment Management LLC purchased a new stake in shares of Airbnb in the fourth quarter valued at $342,017,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ABNB shares. BMO Capital Markets increased their price objective on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. B. Riley Financial upgraded Airbnb from a “neutral” rating to a “buy” rating and increased their price objective for the company from $140.00 to $170.00 in a research report on Monday, January 12th. Wells Fargo & Company upgraded Airbnb from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $136.00 to $178.00 in a research report on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbnb in a research report on Wednesday, January 14th. Finally, Citizens Jmp upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $151.08.

About Airbnb

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.