Key Points
- Joseph Gebbia sold 58,000 Airbnb shares on Dec. 15 at an average of $130.56 for $7.57M, and his recent insider sales total about 1.29 million shares (~$157M), leaving him with 634,015 shares — an 8.38% decrease in his ownership.
- Airbnb shares trade near $134 (12‑month range $99.88–$163.93); the company recently missed quarterly EPS expectations while revenue rose 9.9% year‑over‑year, and analysts hold a consensus “Hold” rating with an average target of $144.28.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, December 15th. The stock was sold at an average price of $130.56, for a total transaction of $7,572,480.00. Following the sale, the director directly owned 634,015 shares in the company, valued at $82,776,998.40. This trade represents a 8.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Joseph Gebbia also recently made the following trade(s):
- On Monday, December 1st, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $118.47, for a total transaction of $6,871,260.00.
- 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.
Airbnb Price Performance
Shares of ABNB opened at $133.78 on Thursday. Airbnb, Inc. has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a fifty day moving average price of $122.74 and a 200 day moving average price of $127.49. The company has a market cap of $82.35 billion, a P/E ratio of 31.78, a PEG ratio of 2.32 and a beta of 1.11.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company posted $2.13 EPS. The firm's revenue was up 9.9% on a year-over-year basis. As a group, research analysts anticipate that Airbnb, Inc. will post 4.31 earnings per share for the current year.
Institutional Investors Weigh In On Airbnb
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its position in 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 increased its stake in shares of Airbnb by 53.1% in the first quarter. Plato Investment Management Ltd now owns 18,974 shares of the company's stock worth $2,291,000 after acquiring an additional 6,579 shares during the last quarter. Acadian Asset Management LLC raised its holdings in shares of Airbnb by 52.9% during the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company's stock worth $293,590,000 after acquiring an additional 850,719 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Airbnb by 5.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company's stock valued at $21,132,000 after purchasing an additional 8,605 shares during the last quarter. Finally, York GP Ltd. acquired a new stake in Airbnb during the second quarter valued at $6,617,000. 80.76% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
ABNB has been the subject of a number of recent analyst reports. Truist Financial increased their price objective on Airbnb from $104.00 to $107.00 and gave the stock a "sell" rating in a report on Thursday, December 4th. Sanford C. Bernstein reissued an "outperform" rating and issued a $165.00 price target on shares of Airbnb in a research note on Friday, November 7th. BNP Paribas assumed coverage on shares of Airbnb in a research note on Monday, November 24th. They set a "hold" rating on the stock. DA Davidson reiterated a "buy" rating and issued a $155.00 target price on shares of Airbnb in a research report on Friday, December 5th. Finally, BTIG Research reissued a "neutral" rating on shares of Airbnb in a research note on Friday, November 7th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, nineteen have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $144.28.
Get Our Latest Stock Analysis on Airbnb
About Airbnb
(
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
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
