Insider Selling: Airbnb, Inc. (NASDAQ:ABNB) Director Sells 214,285 Shares of Stock

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This represents a 95.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• On Tuesday, October 29th, Joseph Gebbia sold 11,635 shares of Airbnb stock. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00.
• On Tuesday, October 1st, Joseph Gebbia sold 42,719 shares of Airbnb stock. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12.

Airbnb Trading Up 3.1 %

Airbnb stock opened at $137.34 on Friday. Airbnb, Inc. has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a 50-day moving average price of $132.73 and a 200 day moving average price of $135.86. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $87.07 billion, a price-to-earnings ratio of 48.19, a price-to-earnings-growth ratio of 1.86 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the company earned $2.39 earnings per share. Sell-side analysts anticipate that Airbnb, Inc. will post 4.04 EPS for the current year.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Farrow Financial Inc. lifted its holdings in shares of Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after buying an additional 69 shares during the period. GYL Financial Synergies LLC lifted its holdings in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after acquiring an additional 76 shares during the period. HB Wealth Management LLC boosted its position in Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after purchasing an additional 76 shares in the last quarter. Optas LLC grew its stake in shares of Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock worth $277,000 after purchasing an additional 78 shares during the period. Finally, Sage Mountain Advisors LLC increased its holdings in shares of Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock valued at $1,113,000 after purchasing an additional 79 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on ABNB. Phillip Securities restated a “reduce” rating and set a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Piper Sandler raised their target price on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. UBS Group boosted their price target on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, Bank of America reissued a “hold” rating and issued a $142.00 price objective (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Airbnb currently has a consensus rating of “Hold” and an average target price of $138.97.

About Airbnb

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.