Airbnb, Inc. (NASDAQ:ABNB) Receives Average Recommendation of “Hold” from Brokerages

Airbnb, Inc. (NASDAQ:ABNB – Get Rating) has received an average recommendation of “Hold” from the thirty-six brokerages that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seventeen have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $141.47.

A number of equities analysts have recently weighed in on ABNB shares. Royal Bank of Canada boosted their target price on Airbnb from $110.00 to $135.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 15th. TheStreet upgraded Airbnb from a “d+” rating to a “c” rating in a research note on Wednesday, February 15th. Wolfe Research reiterated a “peer perform” rating on shares of Airbnb in a research note on Wednesday, February 15th. DA Davidson upped their price objective on Airbnb from $132.00 to $145.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th. Finally, Credit Suisse Group upped their price objective on Airbnb from $154.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th.

Insider Activity at Airbnb

In related news, CAO David C. Bernstein sold 12,382 shares of the stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $140.00, for a total value of $1,733,480.00. Following the transaction, the chief accounting officer now owns 50,171 shares of the company’s stock, valued at $7,023,940. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Airbnb news, Director Belinda J. Johnson sold 2,000 shares of the company’s stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $137.03, for a total transaction of $274,060.00. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at $811,217.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO David C. Bernstein sold 12,382 shares of the company’s stock in a transaction dated Thursday, February 16th. The shares were sold at an average price of $140.00, for a total transaction of $1,733,480.00. Following the sale, the chief accounting officer now owns 50,171 shares of the company’s stock, valued at $7,023,940. The disclosure for this sale can be found here. Insiders have sold a total of 1,719,363 shares of company stock valued at $216,009,764 over the last 90 days. 32.69% of the stock is owned by insiders.

Institutional Trading of Airbnb

Several institutional investors have recently added to or reduced their stakes in the business. American National Bank boosted its holdings in shares of Airbnb by 886.7% during the fourth quarter. American National Bank now owns 296 shares of the company’s stock worth $25,000 after purchasing an additional 266 shares during the period. Mine & Arao Wealth Creation & Management LLC. boosted its holdings in shares of Airbnb by 65.8% during the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 378 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the period. RFP Financial Group LLC purchased a new stake in shares of Airbnb during the fourth quarter worth about $34,000. TCI Wealth Advisors Inc. boosted its holdings in shares of Airbnb by 96.2% during the third quarter. TCI Wealth Advisors Inc. now owns 357 shares of the company’s stock worth $37,000 after purchasing an additional 175 shares during the period. Finally, Chelsea Counsel Co. bought a new position in Airbnb in the fourth quarter worth about $37,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $116.36 on Wednesday. Airbnb has a twelve month low of $81.91 and a twelve month high of $179.09. The stock’s 50 day moving average price is $113.48 and its 200-day moving average price is $107.36. The company has a market capitalization of $74.53 billion, a PE ratio of 41.56, a PEG ratio of 1.88 and a beta of 1.15. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.36.

Airbnb (NASDAQ:ABNB – Get Rating) last announced its earnings results on Tuesday, February 14th. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.21. Airbnb had a return on equity of 35.92% and a net margin of 22.54%. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.86 billion. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s revenue was up 24.2% compared to the same quarter last year. On average, equities analysts anticipate that Airbnb will post 3.38 EPS for the current year.

Airbnb Company Profile

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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.