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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been assigned an average rating of “Hold” from the thirty-three research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation, fourteen have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $147.40.

Several brokerages recently weighed in on ABNB. Wedbush restated a “neutral” rating and set a $130.00 target price on shares of Airbnb in a research note on Friday, February 13th. Citizens Jmp raised Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research report on Wednesday, February 4th. Truist Financial upped their price target on Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a report on Thursday, December 4th. Argus raised Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Airbnb in a research note on Wednesday, January 21st.

Insider Buying and Selling at Airbnb

In other news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $130.00, for a total transaction of $487,500.00. Following the transaction, the chief financial officer owned 402,417 shares in the company, valued at approximately $52,314,210. The trade was a 0.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $131.27, for a total transaction of $7,613,660.00. Following the transaction, the director directly owned 286,015 shares of the company’s stock, valued at $37,545,189.05. This represents a 16.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 366,075 shares of company stock valued at $47,767,807 in the last ninety days. Company insiders own 27.91% of the company’s stock.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of ABNB. Transamerica Financial Advisors LLC increased its position in shares of Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares during the period. ORG Partners LLC lifted its position in Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the period. Entrust Financial LLC acquired a new stake in Airbnb during the fourth quarter worth $27,000. Aster Capital Management DIFC Ltd acquired a new stake in Airbnb during the third quarter worth $25,000. Finally, Aventura Private Wealth LLC bought a new stake in Airbnb in the 4th quarter valued at $29,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

Airbnb stock opened at $131.13 on Thursday. The firm has a market cap of $79.82 billion, a price-to-earnings ratio of 32.46, a P/E/G ratio of 1.62 and a beta of 1.12. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $143.88. The firm has a fifty day moving average price of $129.68 and a two-hundred day moving average price of $126.69.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The firm had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm’s revenue was up 12.9% on a year-over-year basis. During the same quarter last year, the company earned $0.73 earnings per share. As a group, sell-side analysts expect 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.