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

Airbnb, Inc. (NASDAQ:ABNB) has earned a consensus recommendation of “Hold” from the thirty-three analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, fourteen have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $147.40.

A number of equities analysts have recently issued reports on the company. TD Cowen increased their target price on Airbnb from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Deutsche Bank Aktiengesellschaft raised Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price target on the stock in a research note on Friday, February 13th. DA Davidson lowered their price target on Airbnb from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Jefferies Financial Group increased their price objective on Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. Finally, BMO Capital Markets lifted their price objective on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a report on Friday, February 13th.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 4,260 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the sale, the insider directly owned 49,250 shares of the company’s stock, valued at $6,170,532.50. This trade represents a 7.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $130.00, for a total value of $487,500.00. Following the completion of the transaction, the chief financial officer owned 402,417 shares of the company’s stock, valued at approximately $52,314,210. The trade was a 0.92% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 366,075 shares of company stock worth $47,767,807 in the last quarter. 27.91% of the stock is owned by corporate insiders.

Institutional Trading of Airbnb

Several large investors have recently made changes to their positions in ABNB. Patton Fund Management Inc. raised its holdings in shares of Airbnb by 4.3% in the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after buying an additional 77 shares during the last quarter. BOKF NA grew its holdings in Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after acquiring an additional 78 shares during the last quarter. Yoder Wealth Management Inc. grew its holdings in Airbnb by 0.3% during the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after acquiring an additional 84 shares during the last quarter. Private Advisor Group LLC increased its position in Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock valued at $1,007,000 after acquiring an additional 86 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its position in Airbnb by 4.1% in the 3rd quarter. Koshinski Asset Management Inc. now owns 2,226 shares of the company’s stock valued at $270,000 after acquiring an additional 87 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 0.6%

NASDAQ ABNB opened at $131.13 on Thursday. The stock has a market cap of $79.82 billion, a P/E ratio of 32.46, a PEG ratio of 1.62 and a beta of 1.12. The company’s 50-day simple moving average is $129.68 and its 200 day simple moving average is $126.69. Airbnb has a twelve month low of $99.88 and a twelve month high of $143.88.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. Research analysts anticipate that Airbnb will post 4.31 earnings per share for the current 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.