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

Airbnb, Inc. (NASDAQ:ABNB) has received a consensus recommendation of “Hold” from the thirty-eight ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $146.48.

A number of brokerages have recently commented on ABNB. Wells Fargo & Company reduced their target price on shares of Airbnb from $100.00 to $96.00 and set an “underweight” rating for the company in a report on Thursday, January 16th. B. Riley boosted their price target on shares of Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Susquehanna increased their price target on shares of Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. DA Davidson lifted their price objective on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Friday, February 14th.

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $140.10, for a total transaction of $875,625.00. Following the sale, the chief financial officer now owns 449,463 shares of the company’s stock, valued at $62,969,766.30. This trade represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $137.00, for a total value of $137,000.00. Following the completion of the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,093,970 shares of company stock worth $296,365,992. Company insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of institutional investors have recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb during the fourth quarter worth about $25,000. Hollencrest Capital Management grew its stake in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $26,000. Finally, Orion Capital Management LLC bought a new stake in shares of Airbnb in the fourth quarter worth $28,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Down 0.3 %

Shares of NASDAQ ABNB opened at $134.39 on Friday. The business’s fifty day simple moving average is $136.94 and its 200-day simple moving average is $132.66. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a market cap of $84.74 billion, a P/E ratio of 32.54, a PEG ratio of 3.52 and a beta of 1.10. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts predict that Airbnb will post 4.31 EPS for the current fiscal 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.