Airbnb, Inc. (NASDAQ:ABNB) Given Average Recommendation of “Buy” by Brokerages

Airbnb, Inc. (NASDAQ:ABNBGet Rating) has earned an average rating of “Buy” from the thirty-two ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $196.42.

Several equities analysts have commented on the stock. Barclays lowered their target price on shares of Airbnb from $185.00 to $170.00 in a research report on Wednesday, May 4th. Bank of America increased their target price on shares of Airbnb from $194.00 to $198.00 and gave the company a “neutral” rating in a research note on Wednesday, February 16th. Susquehanna cut their price target on shares of Airbnb from $235.00 to $190.00 in a research note on Thursday, May 5th. Tigress Financial raised their price target on shares of Airbnb from $206.00 to $214.00 and gave the stock a “buy” rating in a research note on Wednesday, March 2nd. Finally, Credit Suisse Group raised their price objective on shares of Airbnb from $185.00 to $190.00 in a report on Wednesday, May 4th.

Shares of NASDAQ:ABNB opened at $108.03 on Thursday. Airbnb has a one year low of $107.62 and a one year high of $212.58. The stock has a fifty day moving average of $153.90 and a 200-day moving average of $163.47. The company has a market capitalization of $69.45 billion, a PE ratio of 93.13 and a beta of 0.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.61 and a current ratio of 1.61.

Airbnb (NASDAQ:ABNBGet Rating) last released its earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.24. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.45 billion. During the same quarter in the prior year, the company earned ($1.75) earnings per share. The company’s revenue for the quarter was up 70.1% on a year-over-year basis. As a group, research analysts forecast that Airbnb will post 1.88 EPS for the current fiscal year.

In other news, CFO Dave Stephenson sold 766 shares of the business’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $171.92, for a total value of $131,690.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Catherine C. Powell sold 6,844 shares of Airbnb stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $165.93, for a total transaction of $1,135,624.92. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 723,246 shares of company stock valued at $118,588,867. 36.30% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in ABNB. Jennison Associates LLC boosted its stake in Airbnb by 6.9% in the 1st quarter. Jennison Associates LLC now owns 15,345,417 shares of the company’s stock worth $2,635,729,000 after purchasing an additional 996,378 shares in the last quarter. Polen Capital Management LLC grew its holdings in Airbnb by 30.5% during the 1st quarter. Polen Capital Management LLC now owns 12,953,525 shares of the company’s stock valued at $2,224,897,000 after buying an additional 3,029,742 shares in the last quarter. Wellington Management Group LLP grew its holdings in Airbnb by 3.6% during the 3rd quarter. Wellington Management Group LLP now owns 11,211,527 shares of the company’s stock valued at $1,880,734,000 after buying an additional 391,740 shares in the last quarter. Capital Research Global Investors grew its holdings in Airbnb by 20.8% during the 4th quarter. Capital Research Global Investors now owns 11,210,133 shares of the company’s stock valued at $1,866,387,000 after buying an additional 1,926,816 shares in the last quarter. Finally, Morgan Stanley grew its holdings in Airbnb by 141.3% during the 3rd quarter. Morgan Stanley now owns 8,655,893 shares of the company’s stock valued at $1,452,026,000 after buying an additional 5,069,443 shares in the last quarter. 34.66% of the stock is currently owned by hedge funds and other institutional investors.

About Airbnb (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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