Key Points
- Joseph Gebbia sold 58,000 Airbnb shares on Dec. 1 at an average of $118.47 for a total of $6,871,260, leaving him with 692,015 shares and a 7.73% reduction in his stake after a string of large insider sales in recent months.
- Airbnb missed Q3 EPS estimates ($2.21 vs. $2.31) but beat revenue expectations, its stock trades around $120 with a 52-week range of $99.88–$163.93, and analysts have an average rating of Hold with a consensus target of $143.58.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 58,000 shares of the business's stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $118.47, for a total transaction of $6,871,260.00. Following the completion of the transaction, the director owned 692,015 shares in the company, valued at approximately $81,983,017.05. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Joseph Gebbia also recently made the following trade(s):
- On Monday, November 24th, Joseph Gebbia sold 232,000 shares of Airbnb stock. The stock was sold at an average price of $114.22, for a total transaction of $26,499,040.00.
- On Monday, November 10th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $120.66, for a total value of $28,475,760.00.
- On Monday, October 27th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The shares were sold at an average price of $128.47, for a total value 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 shares were 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.
Airbnb Stock Performance
ABNB stock opened at $120.13 on Thursday. The stock has a fifty day moving average of $121.54 and a 200-day moving average of $127.61. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The company has a market capitalization of $73.95 billion, a price-to-earnings ratio of 28.53, a PEG ratio of 2.08 and a beta of 1.11.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.13 earnings per share. Equities analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Allworth Financial LP increased its holdings in shares of Airbnb by 57.1% in the third quarter. Allworth Financial LP now owns 5,856 shares of the company's stock worth $711,000 after purchasing an additional 2,129 shares during the period. IFP Advisors Inc boosted its stake in Airbnb by 21.5% during the third quarter. IFP Advisors Inc now owns 2,914 shares of the company's stock valued at $354,000 after buying an additional 516 shares during the period. Investment Research Partners LLC purchased a new position in Airbnb during the third quarter worth about $252,000. Cambria Investment Management L.P. bought a new position in Airbnb in the 3rd quarter worth about $227,000. Finally, ARQ Wealth Advisors LLC purchased a new stake in shares of Airbnb in the 3rd quarter valued at about $246,000. 80.76% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of analysts recently commented on ABNB shares. Truist Financial dropped their price target on shares of Airbnb from $106.00 to $104.00 and set a "sell" rating on the stock in a research note on Wednesday, September 3rd. Jefferies Financial Group lowered their target price on shares of Airbnb from $165.00 to $160.00 and set a "buy" rating on the stock in a report on Monday, August 11th. Morgan Stanley dropped their target price on Airbnb from $130.00 to $120.00 and set an "underweight" rating on the stock in a research report on Thursday, August 7th. Citizens Jmp raised Airbnb to a "hold" rating in a report on Monday, August 11th. Finally, Zacks Research upgraded Airbnb to a "hold" rating in a research report on Tuesday, August 12th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty-one have issued a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $143.58.
Get Our Latest Analysis on Airbnb
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.
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