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 the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05. Following the completion of the sale, the director now directly owns 428,575 shares in the company, valued at approximately $60,827,649.75. The trade was a 33.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• On Tuesday, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $129.21, for a total value of $27,687,764.85.
• On Tuesday, January 14th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $128.95, for a total transaction of $27,632,050.75.
• On Monday, January 6th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $135.94, for a total transaction of $29,129,902.90.
• On Tuesday, December 17th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80.
• On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The stock was sold at an average price of $137.14, for a total value of $2,667,098.72.

Airbnb Stock Down 3.2 %

Airbnb stock opened at $139.45 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb, Inc. has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a fifty day moving average price of $136.43 and a two-hundred day moving average price of $131.63. The firm has a market cap of $87.93 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 3.52 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, analysts forecast that Airbnb, Inc. will post 4.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Phillip Securities reissued a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Wells Fargo & Company cut their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a research report on Thursday, January 16th. Susquehanna boosted their target price on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Robert W. Baird raised shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their target price for the company from $140.00 to $175.00 in a research note on Friday, February 14th. Finally, Gordon Haskett upgraded Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price objective on the stock in a research note on Friday, February 14th. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $146.48.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verde Capital Management grew its position in Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock worth $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Airbnb during the third quarter worth about $34,982,000. Tri Ri Asset Management Corp bought a new position in Airbnb during the third quarter valued at about $6,352,000. J.W. Cole Advisors Inc. lifted its position in shares of Airbnb by 86.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after acquiring an additional 2,132 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. grew its holdings in shares of Airbnb by 14.8% during the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock worth $6,498,000 after purchasing an additional 6,357 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

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.