Airbnb, Inc. (NASDAQ:ABNB) Director Sells $1,596,322.00 in Stock

by · The Cerbat Gem

Airbnb, Inc. (NASDAQ:ABNB – Get Free Report) Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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

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

Airbnb Price Performance

Airbnb stock traded down $1.71 during mid-day trading on Thursday, reaching $134.79. 5,046,391 shares of the company’s stock traded hands, compared to its average volume of 4,393,604. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market cap of $86.48 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.83 and a beta of 1.17. The stock has a 50 day moving average of $126.47 and a two-hundred day moving average of $138.48. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the business posted $0.98 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. Equities analysts forecast that Airbnb, Inc. will post 4.33 earnings per share for the current year.

Hedge Funds Weigh In On Airbnb

Several large investors have recently modified their holdings of the stock. Principal Financial Group Inc. grew its holdings in Airbnb by 17.9% during the 3rd quarter. Principal Financial Group Inc. now owns 680,539 shares of the company’s stock valued at $86,299,000 after purchasing an additional 103,087 shares during the last quarter. Malaga Cove Capital LLC bought a new stake in shares of Airbnb during the 3rd quarter worth approximately $249,000. Blake Schutter Theil Wealth Advisors LLC purchased a new position in Airbnb during the 3rd quarter valued at $226,000. Crestwood Advisors Group LLC boosted its holdings in Airbnb by 7.3% during the 3rd quarter. Crestwood Advisors Group LLC now owns 2,094 shares of the company’s stock valued at $266,000 after acquiring an additional 143 shares during the period. Finally, Sentry Investment Management LLC grew its position in Airbnb by 81.6% in the 3rd quarter. Sentry Investment Management LLC now owns 2,107 shares of the company’s stock valued at $267,000 after acquiring an additional 947 shares during the last quarter. Institutional investors own 80.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays lowered their price objective on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price target on shares of Airbnb in a research note on Monday, October 7th. Bank of America restated a “hold” rating and issued a $142.00 price objective (up from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Raymond James started coverage on Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 target price on the stock. Finally, Piper Sandler reduced their price target on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $135.35.

View Our Latest Stock Analysis on Airbnb

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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