Key Points
- Airbnb director Joseph Gebbia sold 2,860 shares on May 26 at an average price of $133.44, worth about $381,638. After the sale, he still held roughly 3.45 million shares valued at about $460 million.
- The sale adds to a series of recent insider sales by Gebbia, including transactions of 54,000 shares on May 18 and 58,000 shares on multiple earlier dates in March, April, and May.
- Airbnb shares were little changed and analysts remain broadly positive, with the stock trading around $132.10 after a 0.4% decline and consensus analyst rating at “Moderate Buy” with an average price target of $157.67.
Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 2,860 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $133.44, for a total transaction of $381,638.40. Following the completion of the sale, the director directly owned 3,447,355 shares of the company's stock, valued at approximately $460,015,051.20. This trade represents a 0.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Joseph Gebbia also recently made the following trade(s):
- On Monday, May 18th, Joseph Gebbia sold 54,000 shares of Airbnb stock. The shares were sold at an average price of $134.86, for a total transaction of $7,282,440.00.
- On Monday, May 4th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $140.37, for a total transaction of $8,141,460.00.
- On Monday, April 20th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $142.59, for a total transaction of $8,270,220.00.
- On Monday, April 6th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00.
- On Monday, March 23rd, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $132.51, for a total transaction of $7,685,580.00.
- On Monday, March 9th, Joseph Gebbia sold 58,000 shares of Airbnb stock. The shares were sold at an average price of $131.27, for a total transaction of $7,613,660.00.
Airbnb Trading Down 0.4%
Airbnb stock opened at $132.10 on Thursday. The stock has a market cap of $79.62 billion, a P/E ratio of 32.54, a PEG ratio of 1.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. Airbnb, Inc. has a 1 year low of $110.81 and a 1 year high of $147.25. The firm's 50 day moving average price is $133.83 and its 200-day moving average price is $130.08.
Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The company's quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 EPS. On average, equities analysts predict that Airbnb, Inc. will post 4.91 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on ABNB. B. Riley Financial reiterated a "buy" rating on shares of Airbnb in a research report on Friday, May 8th. Oppenheimer raised Airbnb from a "market perform" rating to an "outperform" rating and set a $180.00 price objective on the stock in a report on Monday, May 4th. UBS Group upped their price objective on Airbnb from $153.00 to $157.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Citizens Jmp upped their price objective on Airbnb from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Friday, May 8th. Finally, Evercore reaffirmed an "outperform" rating on shares of Airbnb in a report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Airbnb currently has a consensus rating of "Moderate Buy" and an average target price of $157.67.
Read Our Latest Stock Analysis on ABNB
Institutional Investors Weigh In On Airbnb
Institutional investors have recently modified their holdings of the stock. Sumitomo Life Insurance Co. lifted its stake in shares of Airbnb by 15.0% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company's stock valued at $8,022,000 after purchasing an additional 8,636 shares during the last quarter. National Pension Service lifted its stake in shares of Airbnb by 1.1% in the 3rd quarter. National Pension Service now owns 1,096,411 shares of the company's stock valued at $133,126,000 after purchasing an additional 12,453 shares during the last quarter. Syntax Research Inc. bought a new stake in shares of Airbnb in the 3rd quarter valued at approximately $1,865,000. Merit Financial Group LLC lifted its stake in shares of Airbnb by 72.1% in the 4th quarter. Merit Financial Group LLC now owns 32,994 shares of the company's stock valued at $4,478,000 after purchasing an additional 13,818 shares during the last quarter. Finally, Markel Group Inc. lifted its stake in shares of Airbnb by 7.1% in the 3rd quarter. Markel Group Inc. now owns 227,133 shares of the company's stock valued at $27,578,000 after purchasing an additional 15,130 shares during the last quarter. 80.76% of the stock is owned by institutional investors.
About Airbnb
(
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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