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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have earned an average rating of “Hold” from the thirty-seven brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation, thirteen have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $147.84.

Several research firms recently commented on ABNB. BNP Paribas Exane began coverage on Airbnb in a report on Monday, November 24th. They issued a “hold” rating on the stock. Royal Bank Of Canada reiterated an “outperform” rating on shares of Airbnb in a report on Wednesday, January 14th. B. Riley upgraded Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $170.00 in a research note on Monday, January 12th. BTIG Research reiterated a “neutral” rating on shares of Airbnb in a research note on Friday, November 7th. Finally, Wells Fargo & Company set a $128.00 price objective on shares of Airbnb and gave the stock an “equal weight” rating in a research report on Friday, January 9th.

Insider Buying and Selling at Airbnb

In related news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $120.66, for a total value of $28,475,760.00. Following the completion of the sale, the director directly owned 232,015 shares of the company’s stock, valued at $27,994,929.90. This represents a 50.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 141,063 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $121.96, for a total value of $17,204,043.48. Following the transaction, the insider owned 11,520 shares in the company, valued at $1,404,979.20. This represents a 92.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,144,872 shares of company stock worth $140,439,638 over the last 90 days. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Several large investors have recently modified their holdings of ABNB. Caxton Associates LLP acquired a new stake in shares of Airbnb during the first quarter worth about $258,000. Intech Investment Management LLC raised its stake in Airbnb by 55.8% during the 1st quarter. Intech Investment Management LLC now owns 12,161 shares of the company’s stock valued at $1,453,000 after acquiring an additional 4,353 shares during the last quarter. Sivia Capital Partners LLC lifted its position in Airbnb by 18.8% during the 2nd quarter. Sivia Capital Partners LLC now owns 5,866 shares of the company’s stock worth $776,000 after acquiring an additional 927 shares during the period. Avior Wealth Management LLC grew its stake in shares of Airbnb by 25.5% in the 2nd quarter. Avior Wealth Management LLC now owns 2,395 shares of the company’s stock valued at $317,000 after purchasing an additional 486 shares during the last quarter. Finally, GC Wealth Management RIA LLC purchased a new position in shares of Airbnb in the 2nd quarter valued at approximately $2,131,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of Airbnb stock opened at $132.22 on Wednesday. The business has a 50-day simple moving average of $129.52 and a 200-day simple moving average of $127.47. Airbnb has a one year low of $99.88 and a one year high of $163.93. The company has a market cap of $81.39 billion, a PE ratio of 31.41, a P/E/G ratio of 2.07 and a beta of 1.09.

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