Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia Sells 1,500 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 1,500 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $150.00, for a total transaction of $225,000.00. Following the sale, the director now directly owns 42,087 shares of the company’s stock, valued at approximately $6,313,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 24th, Joseph Gebbia sold 5,442 shares of Airbnb stock. The stock was sold at an average price of $150.00, for a total transaction of $816,300.00.
• On Wednesday, June 12th, Joseph Gebbia sold 44,990 shares of Airbnb stock. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60.

Airbnb Price Performance

Shares of ABNB opened at $150.91 on Wednesday. The company has a market cap of $97.19 billion, a P/E ratio of 20.20, a PEG ratio of 1.85 and a beta of 1.18. Airbnb, Inc. has a fifty-two week low of $113.24 and a fifty-two week high of $170.10. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average price is $150.83 and its 200 day moving average price is $150.85.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The business had revenue of $2.14 billion for the quarter, compared to analyst estimates of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company’s revenue was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, research analysts forecast that Airbnb, Inc. will post 4.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ABNB has been the topic of several recent research reports. Mizuho upgraded Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $150.00 to $200.00 in a report on Wednesday, April 24th. TD Cowen lowered their price objective on Airbnb from $180.00 to $170.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Thursday, May 9th. Wells Fargo & Company boosted their price target on shares of Airbnb from $107.00 to $127.00 and gave the company an “underweight” rating in a research report on Monday, April 1st. Finally, Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $160.00 to $165.00 in a report on Tuesday, May 28th. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Airbnb presently has a consensus rating of “Hold” and a consensus target price of $152.38.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently bought and sold shares of the stock. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Airbnb during the first quarter worth approximately $7,628,000. Compagnie Lombard Odier SCmA raised its holdings in shares of Airbnb by 34.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after purchasing an additional 8,140 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of Airbnb by 18.4% during the 4th quarter. Rafferty Asset Management LLC now owns 144,848 shares of the company’s stock worth $19,720,000 after purchasing an additional 22,551 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of Airbnb by 27.5% during the fourth quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock worth $172,742,000 after purchasing an additional 273,191 shares in the last quarter. Institutional investors and hedge funds 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.