Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 2,460 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) Director Joseph Gebbia sold 2,460 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $150.00, for a total transaction of $369,000.00. Following the transaction, the director owned 2,595,119 shares in the company, valued at approximately $389,267,850. This trade represents a 0.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

  • On Thursday, July 2nd, Joseph Gebbia sold 27,733 shares of Airbnb stock. The stock was sold at an average price of $150.01, for a total transaction of $4,160,227.33.
  • On Monday, June 29th, Joseph Gebbia sold 294,903 shares of Airbnb stock. The stock was 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 transaction 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 transaction 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 transaction 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 transaction 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 Stock Performance

Shares of ABNB opened at $146.89 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a 50-day moving average of $138.30 and a two-hundred day moving average of $133.95. The stock has a market cap of $88.53 billion, a P/E ratio of 36.18, a P/E/G ratio of 1.53 and a beta of 1.14. Airbnb, Inc. has a one year low of $110.81 and a one year high of $150.19.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the business earned $0.24 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, research analysts predict that Airbnb, Inc. will post 4.91 EPS for the current year.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the business. Transamerica Financial Advisors LLC grew its stake in Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after acquiring an additional 112 shares during the period. ORG Partners LLC raised its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after acquiring an additional 96 shares during the period. Entrust Financial LLC purchased a new position in Airbnb during the fourth quarter valued at $27,000. Aventura Private Wealth LLC purchased a new position in Airbnb during the fourth quarter valued at $29,000. Finally, Meeder Asset Management Inc. grew its position in shares of Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after purchasing an additional 105 shares during the period. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ABNB has been the topic of several recent research reports. Citizens Jmp upped their price objective on shares of Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a report on Friday, May 8th. HSBC lowered shares of Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Citigroup reiterated an “outperform” rating on shares of Airbnb in a research note on Friday, May 8th. Rodman & Renshaw assumed coverage on Airbnb in a report on Monday, May 4th. They issued a “buy” rating for the company. Finally, Robert W. Baird upped their target price on Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Monday, June 29th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $158.36.

Read Our Latest Stock Report on Airbnb

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

About Airbnb

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Airbnb (NASDAQ:ABNB)

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