Airbnb, Inc. (NASDAQ:ABNB) Receives Average Recommendation of “Hold” from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been assigned a consensus recommendation of “Hold” from the thirty-two ratings firms that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $138.97.

Several research analysts recently issued reports on ABNB shares. Royal Bank of Canada cut their price target on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. The Goldman Sachs Group cut their target price on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research note on Thursday, August 8th. Raymond James started coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price target on the stock. B. Riley cut their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Cantor Fitzgerald restated an “underweight” rating and set a $94.00 target price on shares of Airbnb in a research report on Monday, October 7th.

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, the chief technology officer now owns 195,844 shares of the company’s stock, valued at approximately $23,501,280. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 718,017 shares of company stock valued at $91,842,052 over the last quarter. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Farrow Financial Inc. grew its holdings in Airbnb by 1.0% during the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after acquiring an additional 69 shares in the last quarter. GYL Financial Synergies LLC boosted its stake in Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after purchasing an additional 76 shares during the period. HB Wealth Management LLC grew its holdings in Airbnb by 1.6% in the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after buying an additional 76 shares in the last quarter. Optas LLC increased its holdings in shares of Airbnb by 4.5% during the second quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after purchasing an additional 78 shares during the period. Finally, Sage Mountain Advisors LLC increased its stake in Airbnb by 1.1% during the 2nd quarter. Sage Mountain Advisors LLC now owns 7,341 shares of the company’s stock valued at $1,113,000 after buying an additional 79 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Down 1.0 %

Airbnb stock opened at $138.28 on Friday. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a 50 day moving average of $133.86 and a two-hundred day moving average of $135.47. The stock has a market capitalization of $87.67 billion, a price-to-earnings ratio of 48.52, a PEG ratio of 2.00 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter last year, the business earned $2.39 earnings per share. As a group, research analysts expect that Airbnb will post 4.02 earnings per share for the current year.

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.