Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia Sells 214,285 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the transaction, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• 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.
• On Tuesday, October 1st, Joseph Gebbia sold 42,719 shares of Airbnb stock. The stock was sold at an average price of $126.48, for a total transaction of $5,403,099.12.

Airbnb Stock Performance

Shares of ABNB traded up $6.39 during trading hours on Friday, reaching $139.65. 1,791,680 shares of the company traded hands, compared to its average volume of 4,508,854. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The stock has a market cap of $88.53 billion, a P/E ratio of 46.79, a price-to-earnings-growth ratio of 1.86 and a beta of 1.15. The stock’s fifty day moving average is $132.34 and its 200 day moving average is $136.03. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm 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 in the prior year, the business posted $2.39 EPS. Equities research analysts anticipate that Airbnb, Inc. will post 4.04 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on ABNB shares. BMO Capital Markets decreased their price objective on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. Royal Bank of Canada reduced their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Barclays boosted their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Friday, November 8th. Benchmark reissued a “buy” rating and set a $155.00 target price on shares of Airbnb in a research report on Friday, November 8th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a report on Wednesday, August 7th. Six research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $138.97.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of ABNB. Transcendent Capital Group LLC acquired a new position in shares of Airbnb in the 1st quarter valued at $25,000. New Millennium Group LLC bought a new stake in Airbnb in the second quarter valued at about $28,000. Pathway Financial Advisers LLC acquired a new position in Airbnb in the first quarter worth about $33,000. Cultivar Capital Inc. bought a new position in Airbnb during the second quarter worth about $30,000. Finally, Northwest Investment Counselors LLC bought a new stake in Airbnb in the third quarter valued at $25,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

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.