Airbnb (NASDAQ:ABNB) Director Sells $7,282,440.00 in Stock

Key Points

  • Airbnb director Joseph Gebbia sold 54,000 shares on May 18 for about $7.28 million, cutting his ownership to just 15 shares. The filing notes this was a nearly complete reduction in his stake.
  • Airbnb’s latest earnings were mixed: Q1 EPS of $0.26 missed estimates, but revenue of $2.68 billion beat expectations and rose 17.9% year over year. Analysts still expect the company to earn 4.91 EPS for the full fiscal year.
  • The company is expanding beyond short-term rentals by adding hotels, car rentals, travel pickups, luggage storage, grocery delivery, and more AI-powered tools. The moves could create new revenue streams, though they also come as Airbnb faces increasing regulatory pressure on its core business.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 54,000 shares of the business's stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $134.86, for a total value of $7,282,440.00. Following the transaction, the director owned 15 shares of the company's stock, valued at approximately $2,022.90. This represents a 99.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Joseph Gebbia also recently made the following trade(s):

  • On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $140.37, for a total value of $8,141,460.00.
  • On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $142.59, for a total value of $8,270,220.00.
  • On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $126.16, for a total value of $7,317,280.00.
  • On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $132.51, for a total value of $7,685,580.00.
  • On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $131.27, for a total value of $7,613,660.00.
  • On Monday, February 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $121.97, for a total value of $7,074,260.00.

Airbnb Price Performance




Shares of NASDAQ:ABNB opened at $135.55 on Thursday. Airbnb, Inc. has a one year low of $110.81 and a one year high of $147.25. The stock has a fifty day moving average of $133.52 and a 200-day moving average of $129.76. The company has a market capitalization of $81.70 billion, a PE ratio of 33.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44.

Airbnb (NASDAQ:ABNB - Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the firm earned $0.24 earnings per share. Airbnb's revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, equities analysts anticipate that Airbnb, Inc. will post 4.91 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd acquired a new position in Airbnb in the third quarter worth about $25,000. ORG Partners LLC raised its position in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company's stock worth $26,000 after purchasing an additional 96 shares in the last quarter. Transamerica Financial Advisors LLC raised its position in Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock worth $26,000 after purchasing an additional 112 shares in the last quarter. Entrust Financial LLC acquired a new position in Airbnb in the fourth quarter worth about $27,000. Finally, Meeder Asset Management Inc. raised its position in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company's stock worth $27,000 after purchasing an additional 105 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Trending Headlines about Airbnb

Here are the key news stories impacting Airbnb this week:

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Morgan Stanley cut shares of Airbnb from an "underweight" rating to an "underweight" rating in a report on Monday, May 4th. Raymond James Financial upgraded shares of Airbnb from a "market perform" rating to a "strong-buy" rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $170.00 price target on shares of Airbnb in a report on Friday, May 8th. HSBC cut shares of Airbnb from a "hold" rating to a "hold" rating in a report on Monday, May 4th. Finally, Scotiabank initiated coverage on shares of Airbnb in a report on Monday, May 4th. They set an "outperform" rating for the company. Two analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $157.67.

View Our Latest Stock Analysis on ABNB

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.

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