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

Airbnb, Inc. (NASDAQ:ABNB) has been assigned an average rating of “Hold” from the thirty-five brokerages that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $141.43.

ABNB has been the subject of a number of analyst reports. Canaccord Genuity Group lowered their price objective on Airbnb from $190.00 to $180.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research report on Wednesday, May 14th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Friday, May 2nd. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Finally, Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 target price on the stock in a report on Friday, February 14th.

Airbnb Stock Up 0.1%

Shares of NASDAQ:ABNB opened at $127.65 on Friday. The business has a 50-day moving average price of $122.39 and a 200 day moving average price of $131.12. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb has a 12-month low of $99.88 and a 12-month high of $163.93. The company has a market capitalization of $79.96 billion, a price-to-earnings ratio of 30.91, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same quarter last year, the business earned $0.41 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. Sell-side analysts expect that Airbnb will post 4.31 EPS for the current year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $145.01, for a total value of $101,507.00. Following the transaction, the chief technology officer now owns 173,519 shares in the company, valued at approximately $25,161,990.19. This trade represents a 0.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 2,245 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the completion of the sale, the insider now owns 188,173 shares of the company’s stock, valued at approximately $25,220,827.19. This represents a 1.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,631,064 shares of company stock valued at $204,677,803 over the last quarter. Company insiders own 27.91% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently added to or reduced their stakes in the company. Acadian Asset Management LLC raised its holdings in Airbnb by 52.9% in the first quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock valued at $293,590,000 after acquiring an additional 850,719 shares in the last quarter. Geneos Wealth Management Inc. increased its position in Airbnb by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company’s stock worth $604,000 after buying an additional 78 shares during the period. IFM Investors Pty Ltd increased its holdings in shares of Airbnb by 1.9% in the 1st quarter. IFM Investors Pty Ltd now owns 82,332 shares of the company’s stock worth $9,835,000 after acquiring an additional 1,536 shares during the period. Intech Investment Management LLC raised its holdings in shares of Airbnb by 55.8% during the first quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after buying an additional 4,353 shares during the last quarter. Finally, Capital Impact Advisors LLC acquired a new position in Airbnb during the 1st quarter worth $9,663,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.