News: Airbnb Inc.’s Director Gebbia Joseph reduceds 1,250,000 shares


Airbnb Inc.’s recent filing unveils that its Director Gebbia Joseph unloaded Company’s shares for reported $155.07 million on Feb 23. In the deal valued at $124.06 per share,1,250,000 shares were sold. As a result of this transaction, Gebbia Joseph now holds 8,250,102 shares worth roughly $ 1.02 billion.

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Then, Stephenson Dave sold 16,868 shares, generating $2,162,646 in total proceeds. Upon selling the shares at $128.21, the Chief Financial Officer now owns 134,950 shares.

Before that, Johnson Belinda J. sold 2,000 shares. Airbnb Inc. shares valued at $274,060 were divested by the Director at a price of $137.03 per share. As a result of the transaction, Johnson Belinda J. now holds 5,920 shares, worth roughly $0.73 million.

Wells Fargo reiterated its Airbnb Inc. [ABNB] rating to an Overweight in a research note published on Monday, February 15, 2023; the price target was $165. PT values the company’s stock at a premium of 25.13 to its Monday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who remained covering the stock and in mid February has reiterated a ‘”a Neutral”‘ rating for it. Susquehanna also remained covering ABNB and reiterated its “Positive” recommendation on February 15, 2023. Robert W. Baird maintained its rating on February 15, 2023. It rated ABNB as “a Neutral”.

Price Performance Review of ABNB

On Monday, Airbnb Inc. [NASDAQ:ABNB] saw its stock jump 0.61% to $123.53. On the same session, the stock had its day’s lowest price of $122.73, but rose to a high of $125.06. Over the last five days, the stock has lost -6.13%. Airbnb Inc. shares have risen nearly 44.48% since the year began. Nevertheless, the stocks have fallen -21.94% over the past one year. While a 52-week high of $179.09 was reached on 02/16/23, a 52-week low of $81.91 was recorded on 01/03/23. SMA at 50 days reached $104.55, while 200 days put it at $107.37. A total of 5.0 million shares were traded, compared to the trading of 5.12 million shares in the previous session.

Levels Of Support And Resistance For ABNB Stock

The 24-hour chart illustrates a support level at 122.49, which if violated will result in even more drops to 121.44. On the upside, there is a resistance level at 124.82. A further resistance level may holdings at 126.10. The Relative Strength Index (RSI) on the 14-day chart is 56.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.39%. Stochastics %K at 45.69% indicates the stock is a holding.

How much short interest is there in Airbnb Inc.?

A steep rise in short interest was recorded in Airbnb Inc. stocks on Jan 30, 2023, growing by 1.27 million shares to a total of 22.35 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 21.08 million shares. There was a rise of 5.68%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.23.

Airbnb Inc. [ABNB] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 21,723,210 shares, or roughly 5.46% of the outstanding ABNB shares. In other words, the investor’s shares have risen by 293,774 from its previous 13-F filing of 21429436.0. Additionally, Fidelity Management & Research Co increased 18.81% of its stake after which the total value it holdings stand at $2,295,686,932, while Capital Research & Management Co added 0.39% of its stake to hold $2.04 billion in the firm. Over the last quarter, BlackRock Fund Advisors purchased 1,171,791 shares of Airbnb Inc., while Polen Capital Management LLC bought -857,111 shares. At present, Wellington Management Co. LLP is holding 10,191,383 shares valued at $1.13 billion. Renaissance Technologies LLC owned 8,602,746 shares of the company at the time of its most recent 13F filing, worth $955.85 million.

According to FactSet, Airbnb Inc.’s share price will average $139.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 15.65 percent from its previous closing price of $122.78. Analysts expect Airbnb Inc. stock to reach the higher price of $165.00, while the lowest price estimate is $98.00. However, 41 analysts have rated ABNB stock as an Overweight in their predictions for 2023. The most recent change occurred on February 15, 2023 when RBC Capital Mkts resumed its ‘”a Sector perform”‘ rating for the stock and retained the price target to $135.


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