Key Points
- Joseph Gebbia, an Airbnb director, sold 58,000 shares on December 29 at an average price of $136.70 for a total of $7,928,600, leaving him with 576,015 shares and a 9.15% reduction in his ownership; the sale was disclosed in an SEC filing.
- The December 29 sale is part of a series of sizable insider disposals by Gebbia since October — including multiple transactions of 58,000, 232,000 and 236,000 shares — amounting to tens of millions of dollars sold over recent months.
- Airbnb (ABNB) trades in a 52-week range of $99.88–$163.93 with a market cap near $83.5B; the company recently missed quarterly EPS ($2.21 vs. $2.31) while revenue rose ~9.9% year-over-year, and analysts' consensus rating is "Hold" with a $144.48 target.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 58,000 shares of the stock in a transaction on Monday, December 29th. The shares were sold at an average price of $136.70, for a total value of $7,928,600.00. Following the completion of the sale, the director directly owned 576,015 shares of the company's stock, valued at $78,741,250.50. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Joseph Gebbia also recently made the following trade(s):
- On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $130.56, for a total transaction of $7,572,480.00.
- 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 shares were 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 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 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 shares were sold at an average price of $119.22, for a total value of $28,135,920.00.
Airbnb Stock Performance
ABNB opened at $135.72 on Thursday. Airbnb, Inc. has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a 50-day moving average of $125.25 and a 200 day moving average of $127.48. The firm has a market cap of $83.54 billion, a P/E ratio of 32.24, a PEG ratio of 2.41 and a beta of 1.11.
Airbnb (NASDAQ:ABNB - Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the previous year, the firm earned $2.13 earnings per share. The business's quarterly revenue was up 9.9% compared to the same quarter last year. Equities research analysts predict that Airbnb, Inc. will post 4.31 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of ABNB. DDD Partners LLC raised its stake in shares of Airbnb by 3.9% during the second quarter. DDD Partners LLC now owns 2,041 shares of the company's stock worth $270,000 after acquiring an additional 76 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock valued at $604,000 after purchasing an additional 78 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its position in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company's stock worth $26,000 after purchasing an additional 83 shares during the period. SBI Securities Co. Ltd. lifted its stake in Airbnb by 0.8% in the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company's stock worth $1,396,000 after purchasing an additional 85 shares during the last quarter. Finally, Private Advisor Group LLC boosted its position in Airbnb by 1.0% during the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company's stock valued at $1,007,000 after buying an additional 86 shares during the period. 80.76% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research firms have issued reports on ABNB. Truist Financial increased their target price on shares of Airbnb from $104.00 to $107.00 and gave the stock a "sell" rating in a research note on Thursday, December 4th. Jefferies Financial Group increased their price objective on Airbnb from $160.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, December 5th. Wells Fargo & Company lifted their price objective on Airbnb from $111.00 to $118.00 and gave the company an "underweight" rating in a research note on Monday, December 1st. Royal Bank Of Canada upgraded Airbnb from a "sector perform" rating to an "outperform" rating and upped their target price for the stock from $145.00 to $170.00 in a research note on Wednesday, December 17th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, December 5th. Three research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, nineteen have issued a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $144.48.
Read Our Latest Research Report on Airbnb
Airbnb Company Profile
(
Get Free Report)
Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.
Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.
Further Reading
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