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

Airbnb, Inc. (NASDAQ:ABNB – Get Rating) has been assigned a consensus rating of “Hold” from the thirty-six ratings firms that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seventeen have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $141.47.

ABNB has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of Airbnb from $114.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 15th. Gordon Haskett lowered shares of Airbnb from a “hold” rating to an “underperform” rating in a research note on Wednesday, January 25th. Wells Fargo & Company upped their price target on shares of Airbnb from $130.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, February 15th. Loop Capital upped their price target on shares of Airbnb from $135.00 to $145.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Finally, Credit Suisse Group upped their price target on shares of Airbnb from $154.00 to $160.00 and gave the company a “neutral” rating in a research note on Wednesday, February 15th.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $84.09, for a total value of $978,387.15. Following the completion of the sale, the director now directly owns 113,087 shares in the company, valued at $9,509,485.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction dated Tuesday, December 27th. The shares were sold at an average price of $84.09, for a total value of $978,387.15. Following the completion of the sale, the director now directly owns 113,087 shares in the company, valued at $9,509,485.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 15th. The stock was sold at an average price of $91.55, for a total transaction of $228,875.00. Following the sale, the chief technology officer now owns 215,296 shares of the company’s stock, valued at $19,710,348.80. The disclosure for this sale can be found here. Insiders have sold a total of 1,719,363 shares of company stock valued at $216,009,764 over the last ninety days. Corporate insiders own 32.69% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently made changes to their positions in the stock. American National Bank increased its position in shares of Airbnb by 886.7% during the fourth quarter. American National Bank now owns 296 shares of the company’s stock valued at $25,000 after acquiring an additional 266 shares during the last quarter. Mine & Arao Wealth Creation & Management LLC. boosted its stake in shares of Airbnb by 65.8% in the second quarter. Mine & Arao Wealth Creation & Management LLC. now owns 378 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares during the period. RFP Financial Group LLC purchased a new position in shares of Airbnb in the fourth quarter valued at approximately $34,000. TCI Wealth Advisors Inc. boosted its stake in shares of Airbnb by 96.2% in the third quarter. TCI Wealth Advisors Inc. now owns 357 shares of the company’s stock valued at $37,000 after purchasing an additional 175 shares during the period. Finally, Chelsea Counsel Co. purchased a new position in shares of Airbnb in the fourth quarter valued at approximately $37,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Trading Up 0.3 %

NASDAQ ABNB opened at $116.36 on Wednesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.36. The firm has a market cap of $74.53 billion, a PE ratio of 41.56, a price-to-earnings-growth ratio of 1.88 and a beta of 1.15. The company has a 50 day moving average price of $113.48 and a 200 day moving average price of $107.36. Airbnb has a 52 week low of $81.91 and a 52 week high of $179.09.

Airbnb (NASDAQ:ABNB – Get Rating) last posted its quarterly earnings data on Tuesday, February 14th. The company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.27 by $0.21. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.86 billion. Airbnb had a net margin of 22.54% and a return on equity of 35.92%. Airbnb’s revenue was up 24.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. As a group, sell-side analysts forecast that Airbnb will post 3.38 EPS for the current fiscal year.

About Airbnb

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Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.