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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received a consensus recommendation of “Hold” from the thirty-nine ratings firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation, twelve have given a buy recommendation and three have assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $144.48.

ABNB has been the topic of a number of recent analyst reports. Barclays increased their price objective on Airbnb from $105.00 to $107.00 and gave the company an “underweight” rating in a report on Friday, November 7th. BNP Paribas Exane initiated coverage on shares of Airbnb in a research note on Monday, November 24th. They issued a “neutral” rating for the company. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Sanford C. Bernstein restated an “outperform” rating and set a $165.00 target price on shares of Airbnb in a research report on Friday, November 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a research report on Wednesday, October 8th.

Airbnb Stock Performance

Shares of Airbnb stock opened at $133.01 on Friday. The firm has a market capitalization of $81.87 billion, a price-to-earnings ratio of 31.59, a PEG ratio of 2.11 and a beta of 1.09. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The stock has a 50 day moving average of $125.52 and a 200 day moving average of $127.50.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. Airbnb’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.13 EPS. Analysts forecast that Airbnb will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other news, insider Nathan Blecharczyk sold 141,063 shares of the stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $121.96, for a total value of $17,204,043.48. Following the completion of the transaction, the insider owned 11,520 shares in the company, valued at $1,404,979.20. This trade represents a 92.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 51,230 shares of the firm’s stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $131.16, for a total transaction of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares of the company’s stock, valued at $6,014,210.64. This trade represents a 52.77% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,576,606 shares of company stock worth $193,108,240. Company insiders own 27.91% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kentucky Trust Co bought a new stake in shares of Airbnb during the 2nd quarter valued at about $25,000. Aster Capital Management DIFC Ltd bought a new position in Airbnb in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position 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 worth $26,000 after purchasing an additional 83 shares during the last quarter. Sunbelt Securities Inc. increased its stake in shares of Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares during the period. Finally, Wiser Advisor Group LLC acquired a new stake in shares of Airbnb in the third quarter valued at approximately $27,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.