Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $131.88, for a total value of $28,259,905.80. Following the completion of the transaction, the director now directly owns 1,285,715 shares in the company, valued at $169,560,094.20. This represents a 14.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Joseph Gebbia also recently made the following trade(s):
- On Tuesday, December 3rd, Joseph Gebbia sold 19,448 shares of Airbnb stock. The shares were sold at an average price of $137.14, for a total value of $2,667,098.72.
- On Tuesday, November 19th, Joseph Gebbia sold 214,285 shares of Airbnb stock. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80.
- 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 1.4 %
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Shares of Airbnb stock opened at $129.35 on Friday. The company's fifty day moving average price is $135.71 and its two-hundred day moving average price is $134.42. The firm has a market capitalization of $82.00 billion, a PE ratio of 45.39, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb, Inc. has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62.
Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period last year, the company earned $2.39 EPS. On average, analysts expect that Airbnb, Inc. will post 3.99 EPS for the current year.
Hedge Funds Weigh In On Airbnb
A number of hedge funds have recently modified their holdings of ABNB. Northwest Investment Counselors LLC bought a new stake in Airbnb in the third quarter valued at $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company's stock valued at $26,000 after acquiring an additional 200 shares during the period. New Millennium Group LLC acquired a new stake in shares of Airbnb in the 2nd quarter valued at $28,000. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the 3rd quarter worth about $30,000. Finally, Quarry LP acquired a new stake in shares of Airbnb during the 3rd quarter worth about $55,000. 80.76% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently weighed in on ABNB shares. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an "underweight" rating in a report on Friday, November 8th. UBS Group lifted their price objective on shares of Airbnb from $134.00 to $144.00 and gave the company a "neutral" rating in a research note on Wednesday, October 23rd. Wedbush increased their target price on shares of Airbnb from $135.00 to $155.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Benchmark reaffirmed a "buy" rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday, November 8th. Finally, Piper Sandler raised their price objective on Airbnb from $125.00 to $145.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $139.48.
View Our Latest Report on Airbnb
About Airbnb
(
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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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