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

Airbnb, Inc. (NASDAQ:ABNB) has received a consensus recommendation of “Hold” from the thirty-nine analysts that are currently covering the company, MarketBeat Ratings reports. Five research analysts have rated the stock with a sell rating, nineteen have issued a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $144.48.

A number of equities analysts have issued reports on ABNB shares. BNP Paribas Exane assumed coverage on Airbnb in a research report on Monday, November 24th. They issued a “neutral” rating on the stock. Mizuho set a $156.00 target price on Airbnb in a research note on Friday, November 7th. UBS Group increased their price objective on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a report on Friday, November 7th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Finally, Truist Financial upped their target price on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research report on Thursday, December 4th.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, December 12th. The stock was sold at an average price of $130.00, for a total transaction of $975,000.00. Following the completion of the sale, the chief financial officer owned 418,030 shares of the company’s stock, valued at $54,343,900. This represents a 1.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 2,565 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $134.79, for a total value of $345,736.35. Following the sale, the chief technology officer owned 165,086 shares of the company’s stock, valued at approximately $22,251,941.94. The trade was a 1.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,576,606 shares of company stock valued at $193,108,240 in the last 90 days. Corporate insiders own 27.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ABNB. Fort Washington Investment Advisors Inc. OH boosted its holdings in Airbnb by 3.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after buying an additional 32,501 shares during the period. Charles Schwab Investment Management Inc. grew its position in Airbnb by 1.1% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock valued at $387,186,000 after acquiring an additional 31,120 shares during the last quarter. Plato Investment Management Ltd raised its stake in shares of Airbnb by 53.1% during the first quarter. Plato Investment Management Ltd now owns 18,974 shares of the company’s stock valued at $2,291,000 after acquiring an additional 6,579 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Airbnb by 52.9% during the 1st quarter. Acadian Asset Management LLC now owns 2,457,837 shares of the company’s stock worth $293,590,000 after acquiring an additional 850,719 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Airbnb by 5.7% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 159,676 shares of the company’s stock valued at $21,132,000 after acquiring an additional 8,605 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Down 2.0%

Shares of ABNB opened at $133.01 on Friday. The firm has a market capitalization of $81.87 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.11 and a beta of 1.09. The firm’s fifty day simple moving average is $125.52 and its 200-day simple moving average is $127.50. Airbnb has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the company posted $2.13 earnings per share. Airbnb’s revenue was up 9.9% compared to the same quarter last year. On average, analysts predict that Airbnb will post 4.31 earnings per share for the current fiscal year.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.