Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia Sells 214,285 Shares

Airbnb, Inc. (NASDAQ:ABNB) Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the sale, the director now directly owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. The trade was a 7.87 % decrease in their ownership of the stock. The transaction 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 Tuesday, March 11th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $126.80, for a total value of $27,171,338.00.
• On Tuesday, February 25th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The shares were sold at an average price of $141.93, for a total value of $30,413,470.05.
• On Tuesday, January 28th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was 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.

Airbnb Stock Performance

Shares of ABNB stock opened at $120.69 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $76.10 billion, a P/E ratio of 29.22, a P/E/G ratio of 3.52 and a beta of 1.10. The firm’s 50 day moving average price is $135.29 and its 200-day moving average price is $133.58. Airbnb, Inc. has a one year low of $110.38 and a one year high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, equities research analysts predict that Airbnb, Inc. will post 4.31 EPS for the current year.

Hedge Funds Weigh In On Airbnb

Several hedge funds have recently bought and sold shares of ABNB. Norges Bank purchased a new stake in Airbnb during the fourth quarter worth about $433,374,000. Clearbridge Investments LLC grew its holdings in shares of Airbnb by 147.3% in the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after purchasing an additional 2,590,475 shares in the last quarter. Two Sigma Advisers LP increased its stake in Airbnb by 512.0% during the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock worth $404,782,000 after buying an additional 2,577,000 shares during the period. Meritage Group LP acquired a new stake in Airbnb during the 3rd quarter worth approximately $160,985,000. Finally, Principal Financial Group Inc. lifted its holdings in Airbnb by 174.3% during the 4th quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock worth $245,268,000 after buying an additional 1,185,892 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Analysts Set New Price Targets

ABNB has been the subject of a number of research reports. Evercore ISI boosted their target price on shares of Airbnb to $155.00 and gave the stock a “hold” rating in a research note on Wednesday, January 15th. HSBC raised Airbnb from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Truist Financial decreased their target price on Airbnb from $123.00 to $112.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Canaccord Genuity Group boosted their price target on Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Jefferies Financial Group upgraded Airbnb from a “hold” rating to a “buy” rating and raised their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. Five equities research analysts have rated the stock with a sell rating, eighteen have given a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $147.36.

Airbnb Company Profile

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.