Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 27,733 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 27,733 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $150.01, for a total transaction of $4,160,227.33. Following the transaction, the director owned 2,597,579 shares in the company, valued at approximately $389,662,825.79. This trade represents a 1.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, June 29th, Joseph Gebbia sold 294,903 shares of Airbnb stock. The shares were sold at an average price of $148.43, for a total transaction of $43,772,452.29.
• On Monday, June 15th, Joseph Gebbia sold 265,000 shares of Airbnb stock. The shares were sold at an average price of $138.51, for a total value of $36,705,150.00.
• On Monday, June 1st, Joseph Gebbia sold 265,000 shares of Airbnb stock. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00.
• On Tuesday, May 26th, Joseph Gebbia sold 2,860 shares of Airbnb stock. The stock was sold at an average price of $133.44, for a total value of $381,638.40.
• On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The shares were sold at an average price of $134.86, for a total value of $7,282,440.00.
• On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $140.37, for a total value of $8,141,460.00.
• On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $142.59, for a total value of $8,270,220.00.

Airbnb Price Performance

Airbnb stock opened at $148.80 on Wednesday. The company has a market cap of $89.68 billion, a P/E ratio of 36.65, a price-to-earnings-growth ratio of 1.58 and a beta of 1.14. Airbnb, Inc. has a one year low of $110.81 and a one year high of $150.19. The business has a fifty day moving average of $138.11 and a two-hundred day moving average of $133.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The company had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC assumed coverage on shares of Airbnb in a research report on Monday, May 4th. They set a “buy” rating for the company. Jefferies Financial Group set a $160.00 price objective on Airbnb in a research note on Friday, June 5th. HSBC downgraded Airbnb from a “hold” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings raised Airbnb from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, May 12th. Finally, Evercore restated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $158.36.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently bought and sold shares of ABNB. Merit Financial Group LLC raised its holdings in Airbnb by 72.1% in the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after acquiring an additional 13,818 shares during the last quarter. North Dakota State Investment Board acquired a new stake in shares of Airbnb during the fourth quarter worth $2,785,000. North Star Asset Management Inc. boosted its holdings in shares of Airbnb by 13.4% during the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after purchasing an additional 9,294 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Airbnb by 18.3% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock valued at $30,305,000 after purchasing an additional 34,573 shares during the period. Finally, Markel Group Inc. grew its position in shares of Airbnb by 5.8% in the fourth quarter. Markel Group Inc. now owns 240,289 shares of the company’s stock valued at $32,612,000 after purchasing an additional 13,156 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.