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

Shares of Airbnb, Inc. (NASDAQ:ABNBGet Rating) have earned an average recommendation of “Hold” from the thirty-three analysts that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seventeen have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $201.87.

ABNB has been the subject of a number of recent research reports. Morgan Stanley increased their price objective on Airbnb from $160.00 to $175.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 16th. Stifel Nicolaus increased their price objective on Airbnb from $180.00 to $205.00 and gave the company a “hold” rating in a research report on Wednesday, February 16th. UBS Group increased their price objective on Airbnb from $162.00 to $178.00 and gave the company a “neutral” rating in a research report on Wednesday, February 16th. The Goldman Sachs Group increased their price objective on Airbnb from $140.00 to $150.00 and gave the company a “sell” rating in a research report on Wednesday, February 16th. Finally, Bank of America increased their price objective on Airbnb from $194.00 to $198.00 and gave the company a “neutral” rating in a research report on Wednesday, February 16th.

In other Airbnb news, CTO Aristotle N. Balogh sold 1,000 shares of the company’s stock in a transaction dated Tuesday, March 29th. The shares were sold at an average price of $174.00, for a total transaction of $174,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Joseph Gebbia sold 31,049 shares of the company’s stock in a transaction dated Thursday, January 27th. The shares were sold at an average price of $141.42, for a total transaction of $4,390,949.58. The disclosure for this sale can be found here. Insiders have sold 730,770 shares of company stock worth $119,099,387 over the last three months. Company insiders own 36.30% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sandy Spring Bank raised its position in Airbnb by 34.5% in the third quarter. Sandy Spring Bank now owns 195 shares of the company’s stock worth $32,000 after purchasing an additional 50 shares in the last quarter. Equitable Holdings Inc. raised its position in Airbnb by 0.4% in the third quarter. Equitable Holdings Inc. now owns 11,616 shares of the company’s stock worth $1,949,000 after purchasing an additional 52 shares in the last quarter. Silicon Valley Capital Partners raised its position in Airbnb by 3.9% in the third quarter. Silicon Valley Capital Partners now owns 1,476 shares of the company’s stock worth $248,000 after purchasing an additional 55 shares in the last quarter. Financial Counselors Inc. raised its position in Airbnb by 0.5% in the fourth quarter. Financial Counselors Inc. now owns 11,980 shares of the company’s stock worth $1,995,000 after purchasing an additional 62 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in Airbnb by 23.6% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 340 shares of the company’s stock worth $57,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 32.37% of the company’s stock.

ABNB opened at $156.09 on Friday. The company has a market capitalization of $100.35 billion, a price-to-earnings ratio of -205.38 and a beta of -0.22. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.95 and a quick ratio of 1.95. Airbnb has a 1-year low of $129.71 and a 1-year high of $212.58. The business has a 50 day moving average price of $162.27 and a two-hundred day moving average price of $167.80.

Airbnb (NASDAQ:ABNBGet Rating) last released its earnings results on Tuesday, February 15th. The company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.46 billion. Airbnb had a negative return on equity of 5.84% and a negative net margin of 5.88%. During the same period in the prior year, the firm posted ($10.88) earnings per share. Equities analysts expect that Airbnb will post 1.43 EPS for the current fiscal year.

Airbnb Company Profile (Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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