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

Airbnb, Inc. (NASDAQ:ABNB) has been assigned a consensus rating of “Hold” from the thirty-three research firms that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $139.48.

A number of brokerages recently commented on ABNB. Jefferies Financial Group lifted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd. Truist Financial decreased their target price on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Piper Sandler increased their price target on shares of Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Mizuho decreased their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Finally, Barclays increased their target price on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a report on Friday, November 8th.

Airbnb Stock Performance

Airbnb stock opened at $133.38 on Tuesday. The company has a market cap of $84.56 billion, a PE ratio of 46.80, a PEG ratio of 1.93 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The company’s 50-day moving average is $135.66 and its two-hundred day moving average is $133.81.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the prior year, the company earned $2.39 earnings per share. Equities analysts anticipate that Airbnb will post 3.99 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. This represents 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 at this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $127.35, for a total value of $76,410.00. Following the completion of the sale, the chief technology officer now directly owns 194,644 shares of the company’s stock, valued at approximately $24,787,913.40. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 802,453 shares of company stock worth $106,245,242 over the last quarter. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

Hedge funds have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb in the third quarter valued at about $34,982,000. Tri Ri Asset Management Corp bought a new position in Airbnb in the 3rd quarter valued at about $6,352,000. J.W. Cole Advisors Inc. lifted its position in Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after acquiring an additional 2,132 shares during the last quarter. Shellback Capital LP bought a new stake in shares of Airbnb during the second quarter worth approximately $22,744,000. Finally, Bradley Foster & Sargent Inc. CT grew its position in shares of Airbnb by 1,231.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock valued at $3,145,000 after purchasing an additional 19,183 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

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.