Key Points
- Director Joseph Gebbia sold 232,000 Airbnb shares on Nov. 24 at an average price of $114.22 for about $26.5M, leaving him with 15 shares — a 99.99% drop in his reported ownership.
- The Nov. 24 sale is part of a string of recent insider liquidations by Gebbia — six prior transactions of roughly 236,000 shares each since September, each worth roughly $28M–$30M.
- For context, Airbnb shares were trading down ~1.5%; the company recently missed Q3 EPS ($2.21 vs. $2.31 estimate), and analysts’ consensus is a Hold with an average price target of $143.31.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 232,000 shares of Airbnb stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $114.22, for a total transaction of $26,499,040.00. Following the sale, the director owned 15 shares of the company's stock, valued at approximately $1,713.30. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Joseph Gebbia also recently made the following trade(s):
- On Monday, November 10th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $120.66, for a total transaction of $28,475,760.00.
- On Monday, October 27th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $128.47, for a total transaction of $30,318,920.00.
- On Monday, October 13th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $119.22, for a total value of $28,135,920.00.
- On Monday, September 29th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $123.57, for a total value of $29,162,520.00.
- On Monday, September 15th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $120.76, for a total value of $28,499,360.00.
- On Tuesday, September 2nd, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $127.53, for a total value of $30,097,080.00.
Airbnb Trading Down 1.5%
NASDAQ ABNB opened at $116.74 on Thursday. The business's 50-day moving average price is $122.21 and its 200 day moving average price is $128.27. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market capitalization of $71.86 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.09 and a beta of 1.11.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts' consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The company's revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.13 EPS. Airbnb has set its Q4 2025 guidance at EPS. Equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.
Institutional Investors Weigh In On Airbnb
Several institutional investors and hedge funds have recently modified their holdings of ABNB. Sit Investment Associates Inc. raised its holdings in Airbnb by 42.8% during the first quarter. Sit Investment Associates Inc. now owns 16,870 shares of the company's stock worth $2,015,000 after purchasing an additional 5,060 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its position in shares of Airbnb by 74.8% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 20,514 shares of the company's stock valued at $2,451,000 after purchasing an additional 8,780 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Airbnb by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company's stock worth $387,186,000 after buying an additional 31,120 shares in the last quarter. Plato Investment Management Ltd raised its stake in shares of Airbnb by 53.1% in the 1st quarter. Plato Investment Management Ltd now owns 18,974 shares of the company's stock worth $2,291,000 after buying an additional 6,579 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its holdings in shares of Airbnb by 52.9% in the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company's stock valued at $293,590,000 after buying an additional 850,719 shares during the period. Hedge funds and other institutional investors own 80.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of Airbnb from $145.00 to $147.00 and gave the stock a "neutral" rating in a research note on Friday, November 7th. DA Davidson set a $155.00 price objective on Airbnb in a report on Friday, November 14th. Truist Financial cut their target price on Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a research report on Wednesday, September 3rd. Mizuho set a $156.00 target price on Airbnb in a report on Friday, November 7th. Finally, Wells Fargo & Company upped their price target on Airbnb from $110.00 to $111.00 and gave the stock an "underweight" rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, twenty-one have given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $143.31.
Get Our Latest Research Report on ABNB
Airbnb Company Profile
(
Get Free Report)
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.
Further Reading
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