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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been given an average recommendation of “Hold” by the thirty-two research firms that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and nine have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $147.58.

ABNB has been the subject of several research analyst reports. Benchmark assumed coverage on Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 price target for the company. Barclays boosted their price target on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research note on Monday, January 29th. Bank of America raised their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research note on Thursday, March 14th. UBS Group cut their target price on shares of Airbnb from $148.00 to $143.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, Wells Fargo & Company upped their price objective on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, April 9th. The shares were sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now directly owns 222,304 shares in the company, valued at $35,913,211.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total value of $96,930.00. Following the sale, the chief technology officer now owns 222,304 shares of the company’s stock, valued at approximately $35,913,211.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brian Chesky sold 4,350 shares of the firm’s stock in a transaction that occurred on Friday, January 19th. The shares were sold at an average price of $140.03, for a total value of $609,130.50. Following the completion of the sale, the chief executive officer now directly owns 14,933,297 shares of the company’s stock, valued at $2,091,109,578.91. The disclosure for this sale can be found here. In the last quarter, insiders sold 490,584 shares of company stock worth $77,302,032. Company insiders own 30.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in Airbnb by 9.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 772,642 shares of the company’s stock valued at $132,709,000 after purchasing an additional 63,601 shares during the last quarter. TradeLink Capital LLC purchased a new position in shares of Airbnb during the first quarter valued at approximately $945,000. Synovus Financial Corp grew its stake in Airbnb by 22.5% in the 1st quarter. Synovus Financial Corp now owns 1,490 shares of the company’s stock worth $256,000 after acquiring an additional 274 shares during the period. Dimensional Fund Advisors LP raised its holdings in Airbnb by 27.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,519 shares of the company’s stock valued at $433,000 after acquiring an additional 549 shares during the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Airbnb during the 1st quarter worth $2,125,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of Airbnb stock opened at $158.37 on Thursday. The business’s fifty day simple moving average is $159.21 and its 200-day simple moving average is $141.97. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The firm has a market cap of $102.48 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. Airbnb has a 52 week low of $103.55 and a 52 week high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Equities analysts forecast that Airbnb will post 4.63 earnings per share for the current year.

About Airbnb

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.