Airbnb (NASDAQ:ABNB) Director Sells $7,572,480.00 in Stock

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) Director Joseph Gebbia sold 58,000 shares of the business’s stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $130.56, for a total value of $7,572,480.00. Following the completion of the transaction, the director directly owned 634,015 shares in the company, valued at approximately $82,776,998.40. The trade was a 8.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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

  • On Monday, December 1st, Joseph Gebbia sold 58,000 shares of Airbnb stock. The stock was sold at an average price of $118.47, for a total value 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 shares were 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 stock was sold at an average price of $128.47, for a total transaction 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 transaction of $28,135,920.00.
  • On Monday, September 29th, Joseph Gebbia sold 236,000 shares of Airbnb stock. The stock was sold at an average price of $123.57, for a total transaction of $29,162,520.00.

Airbnb Stock Performance

NASDAQ:ABNB traded up $1.77 during mid-day trading on Wednesday, reaching $133.78. The stock had a trading volume of 6,157,989 shares, compared to its average volume of 5,152,991. Airbnb, Inc. has a twelve month low of $99.88 and a twelve month high of $163.93. The business has a 50 day simple moving average of $122.46 and a 200 day simple moving average of $127.45. The firm has a market capitalization of $82.35 billion, a price-to-earnings ratio of 31.78, a PEG ratio of 2.32 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 analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a return on equity of 32.14% and a net margin of 22.03%.The business had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same period last year, the company posted $2.13 earnings per share. The business’s quarterly revenue was up 9.9% on a year-over-year basis. As a group, sell-side analysts expect that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th. Truist Financial raised their price objective on shares of Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. BNP Paribas assumed coverage on shares of Airbnb in a research report on Monday, November 24th. They set a “hold” rating on the stock. Barclays raised their price objective on Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a research note on Friday, November 7th. Finally, Wells Fargo & Company increased their price objective on shares of Airbnb from $111.00 to $118.00 and gave the company an “underweight” rating in a research note on Monday, December 1st. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $144.85.

Read Our Latest Report on ABNB

Institutional Trading of Airbnb

Large investors have recently made changes to their positions in the stock. Kentucky Trust Co purchased a new position in Airbnb in the 2nd quarter valued at about $25,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Airbnb in the third quarter valued at approximately $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the period. Sunbelt Securities Inc. boosted its position in Airbnb by 397.7% during the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares during the last quarter. Finally, Wiser Advisor Group LLC acquired a new stake in Airbnb during the third quarter worth approximately $27,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

(Get Free Report)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.

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