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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received an average recommendation of “Hold” from the thirty-three research firms that are presently covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $139.48.

A number of research analysts recently commented on ABNB shares. Barclays raised their price objective on shares of Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. TD Cowen boosted their target price on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Wells Fargo & Company lifted their price target on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research report on Tuesday, October 8th. Jefferies Financial Group increased their price objective on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Tuesday, October 22nd. Finally, DA Davidson boosted their target price on Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th.

Insider Buying and Selling

In other news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction that occurred 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 transaction, the director now owns 1,285,715 shares of the company’s stock, valued at $169,560,094.20. This trade represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the sale, the chief accounting officer now directly owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 763,992 shares of company stock worth $101,107,621. 27.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. HB Wealth Management LLC increased its position in Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after buying an additional 76 shares during the period. Sage Mountain Advisors LLC increased its position in Airbnb by 1.1% during the second quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock worth $1,113,000 after acquiring an additional 79 shares during the period. Asset Dedication LLC raised its stake in Airbnb by 7.6% during the 2nd quarter. Asset Dedication LLC now owns 1,193 shares of the company’s stock valued at $181,000 after purchasing an additional 84 shares during the last quarter. Koshinski Asset Management Inc. boosted its holdings in Airbnb by 3.8% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company’s stock valued at $292,000 after purchasing an additional 85 shares during the period. Finally, Edge Capital Group LLC grew its position in Airbnb by 1.2% in the 2nd quarter. Edge Capital Group LLC now owns 7,617 shares of the company’s stock worth $1,155,000 after purchasing an additional 87 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of ABNB stock opened at $134.52 on Tuesday. The business has a 50 day simple moving average of $135.71 and a 200 day simple moving average of $134.16. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm has a market capitalization of $85.28 billion, a price-to-earnings ratio of 47.20, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period last year, the business posted $2.39 earnings per share. On average, equities research analysts anticipate that Airbnb will post 3.99 EPS for the current year.

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.