Airbnb (NASDAQ:ABNB) Director Joseph Gebbia Sells 265,000 Shares

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 265,000 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares in the company, valued at approximately $431,049,984.75. The trade was a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Tuesday, May 26th, Joseph Gebbia sold 2,860 shares of Airbnb stock. The shares were sold at an average price of $133.44, for a total transaction of $381,638.40.
• 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 Stock Performance

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Shares of NASDAQ:ABNB opened at $133.59 on Thursday. The company has a market capitalization of $80.52 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 1.44 and a beta of 1.16. The firm's 50 day simple moving average is $134.21 and its 200 day simple moving average is $130.55. 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 fifty-two week low of $110.81 and a fifty-two week high of $147.25.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on ABNB shares. Weiss Ratings raised shares of Airbnb from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, May 12th. B. Riley Financial reissued a "buy" rating on shares of Airbnb in a report on Friday, May 8th. Susquehanna lifted their target price on Airbnb from $150.00 to $170.00 and gave the stock a "positive" rating in a report on Friday, May 8th. Benchmark lifted their target price on Airbnb from $145.00 to $160.00 and gave the stock a "buy" rating in a report on Friday, May 8th. Finally, Argus raised Airbnb to a "strong-buy" rating in a report on Tuesday, February 17th. 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. Based on data from MarketBeat, Airbnb has a consensus rating of "Moderate Buy" and a consensus price target of $157.67.

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Get Our Latest Research Report on Airbnb

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Brokerages currently rate Airbnb at an average of “Moderate Buy,” suggesting Wall Street remains broadly constructive on the company’s outlook. Airbnb, Inc. (NASDAQ:ABNB) Given Average Rating of "Moderate Buy" by Brokerages
• Neutral Sentiment: Airbnb has underperformed the S&P 500 over the past year, but analysts are still cautiously optimistic about the stock’s longer-term prospects. Is Airbnb Stock Underperforming the S&P 500?
• Negative Sentiment: Director Joseph Gebbia sold 265,000 shares, trimming his position by 7.69%, while CEO Brian Chesky made multiple sales totaling more than 120,000 shares, reinforcing concerns that insiders may see limited near-term upside. SEC filing for Joseph Gebbia sale SEC filing for Brian Chesky sales

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Glenmede Trust Co. NA grew its holdings in shares of Airbnb by 0.3% during the first quarter. Glenmede Trust Co. NA now owns 124,185 shares of the company's stock worth $15,682,000 after purchasing an additional 331 shares during the last quarter. Wellington Grp LLC bought a new stake in shares of Airbnb during the first quarter worth about $48,000. Liontrust Investment Partners LLP grew its holdings in shares of Airbnb by 8.1% during the first quarter. Liontrust Investment Partners LLP now owns 77,227 shares of the company's stock worth $9,752,000 after purchasing an additional 5,806 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of Airbnb during the first quarter worth about $34,000. Finally, Ariadne Wealth Management LP grew its holdings in shares of Airbnb by 35.8% during the first quarter. Ariadne Wealth Management LP now owns 3,636 shares of the company's stock worth $459,000 after purchasing an additional 958 shares during the last quarter. 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.

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