Key Points
- Joseph Gebbia, an Airbnb director, sold 58,000 shares on Feb. 23 at an average price of $121.97 for roughly $7.07M, reducing his stake to 344,015 shares (a 14.43% cut).
- The Feb. 23 sale continues a pattern of repeated monthly dispositions—Gebbia sold identical 58,000‑share blocks multiple times since Dec. 1—signaling an ongoing reduction in insider holdings.
- Shares traded up about 2.9% to $135.83 after the filing; Airbnb recently reported an EPS miss ($0.56 vs. $0.66) despite 12.9% revenue growth, and analysts carry an average "Hold" rating with a $148.69 price target.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 58,000 shares of the company's stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $121.97, for a total transaction of $7,074,260.00. Following the transaction, the director owned 344,015 shares in the company, valued at approximately $41,959,509.55. The trade was a 14.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Joseph Gebbia also recently made the following trade(s):
- On Monday, February 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $121.15, for a total value of $7,026,700.00.
- On Monday, January 26th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $133.28, for a total transaction of $7,730,240.00.
- On Monday, January 12th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $138.45, for a total value of $8,030,100.00.
- On Monday, December 29th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $136.70, for a total value of $7,928,600.00.
- On Monday, December 15th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were 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.
Airbnb Trading Up 2.9%
Shares of NASDAQ:ABNB traded up $3.81 during mid-day trading on Thursday, reaching $135.83. The company had a trading volume of 874,593 shares, compared to its average volume of 4,879,247. Airbnb, Inc. has a one year low of $99.88 and a one year high of $145.69. The company's 50-day moving average price is $130.75 and its 200-day moving average price is $126.02. The firm has a market cap of $82.68 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.70 and a beta of 1.15.
Airbnb (NASDAQ:ABNB - Get Free Report) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The company's revenue was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.73 earnings per share. On average, research analysts anticipate that Airbnb, Inc. will post 4.31 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Airbnb from $130.00 to $140.00 and gave the stock a "market perform" rating in a report on Friday, February 13th. Weiss Ratings restated a "hold (c)" rating on shares of Airbnb in a research report on Wednesday, January 21st. Jefferies Financial Group raised their price target on Airbnb from $160.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, December 5th. Wells Fargo & Company boosted their price objective on Airbnb from $128.00 to $133.00 and gave the company an "equal weight" rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Airbnb in a report on Wednesday, January 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $148.69.
View Our Latest Report on ABNB
Institutional Investors Weigh In On Airbnb
Several large investors have recently added to or reduced their stakes in ABNB. Vanguard Group Inc. raised its stake in shares of Airbnb by 1.7% during the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company's stock worth $4,649,814,000 after acquiring an additional 649,323 shares in the last quarter. Harris Associates L P boosted its stake in shares of Airbnb by 21.0% in the 4th quarter. Harris Associates L P now owns 18,694,408 shares of the company's stock valued at $2,537,205,000 after purchasing an additional 3,240,477 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company's stock valued at $1,368,338,000 after purchasing an additional 47,966 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of Airbnb by 58.4% during the 4th quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company's stock valued at $917,845,000 after purchasing an additional 2,492,847 shares during the last quarter. Finally, Clearbridge Investments LLC raised its position in Airbnb by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company's stock worth $824,356,000 after purchasing an additional 216,455 shares during the period. Institutional investors own 80.76% of the company's stock.
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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