Airbnb, Inc. (NASDAQ:ABNB) Given Consensus Rating of “Hold” by Brokerages

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been assigned a consensus rating of “Hold” from the thirty-two ratings firms that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $152.38.

A number of brokerages recently commented on ABNB. Wedbush upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $160.00 to $165.00 in a research report on Tuesday, May 28th. JPMorgan Chase & Co. lifted their target price on shares of Airbnb from $140.00 to $145.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Benchmark began coverage on shares of Airbnb in a research note on Thursday, April 11th. They set a “buy” rating and a $190.00 target price on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Thursday, May 9th. Finally, Citigroup cut their target price on shares of Airbnb from $170.00 to $167.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th.

Airbnb Stock Performance

Airbnb stock opened at $151.63 on Tuesday. The firm’s fifty day moving average price is $150.33 and its 200-day moving average price is $151.06. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a market cap of $97.66 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.88 and a beta of 1.18. Airbnb has a fifty-two week low of $113.24 and a fifty-two week high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s revenue was up 17.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.18 EPS. On average, equities research analysts expect that Airbnb will post 4.65 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joseph Gebbia sold 44,990 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the sale, the director now directly owns 46,467 shares in the company, valued at $6,971,908.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the transaction, the chief technology officer now directly owns 221,704 shares in the company, valued at $34,548,134.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 44,990 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total transaction of $6,750,299.60. Following the completion of the transaction, the director now owns 46,467 shares of the company’s stock, valued at $6,971,908.68. The disclosure for this sale can be found here. Insiders sold 424,322 shares of company stock valued at $62,720,612 over the last three months. Insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

A number of hedge funds have recently modified their holdings of ABNB. Transcendent Capital Group LLC bought a new position in shares of Airbnb during the first quarter worth $25,000. CVA Family Office LLC bought a new position in shares of Airbnb during the fourth quarter worth $26,000. Orion Capital Management LLC bought a new position in shares of Airbnb during the third quarter worth $27,000. Bfsg LLC purchased a new stake in Airbnb during the fourth quarter valued at $27,000. Finally, Trust Co. of Vermont purchased a new stake in Airbnb during the fourth quarter valued at $27,000. 80.76% of the stock is currently owned by institutional investors.

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.