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

Airbnb, Inc. (NASDAQ:ABNB) has received an average rating of “Hold” from the thirty-seven brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, twenty have issued a hold recommendation, thirteen have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $147.84.

A number of research firms have weighed in on ABNB. B. Riley raised shares of Airbnb from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $140.00 to $170.00 in a research note on Monday, January 12th. Royal Bank Of Canada restated an “outperform” rating on shares of Airbnb in a research report on Wednesday, January 14th. Jefferies Financial Group upped their price objective on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, December 5th. BTIG Research restated a “neutral” rating on shares of Airbnb in a research report on Friday, November 7th. Finally, Sanford C. Bernstein cut their price target on Airbnb from $165.00 to $162.00 and set an “outperform” rating for the company in a research note on Tuesday, January 6th.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 2,565 shares of the firm’s stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $134.79, for a total value of $345,736.35. Following the transaction, the chief technology officer directly owned 165,086 shares of the company’s stock, valued at approximately $22,251,941.94. This trade represents a 1.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 51,230 shares of Airbnb stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,144,872 shares of company stock worth $140,439,638 in the last ninety days. 27.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently modified their holdings of the business. DDD Partners LLC grew its position in shares of Airbnb by 3.9% in the second quarter. DDD Partners LLC now owns 2,041 shares of the company’s stock valued at $270,000 after purchasing an additional 76 shares in the last quarter. Patton Fund Management Inc. grew its holdings in Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after buying an additional 77 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Yoder Wealth Management Inc. increased its stake in shares of Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after acquiring an additional 84 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its holdings in shares of Airbnb by 0.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after acquiring an additional 85 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB stock opened at $132.22 on Wednesday. The firm has a market capitalization of $81.39 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 2.07 and a beta of 1.09. The stock’s 50-day simple moving average is $129.52 and its 200-day simple moving average is $127.47. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing analysts’ consensus estimates 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 prior year, the company posted $2.13 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. As a group, equities analysts forecast that Airbnb will post 4.31 earnings per share for the current 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.