Airbnb (NASDAQ:ABNB) Earns Neutral Rating from Analysts at Wedbush

Wedbush began coverage on shares of Airbnb (NASDAQ:ABNB) in a research note issued to investors on Thursday morning, Marketbeat reports. The firm issued a neutral rating and a $152.00 price objective on the stock.

ABNB has been the subject of several other reports. Evercore reiterated an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Robert W. Baird upped their price target on shares of Airbnb from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Monday, June 29th. Rodman & Renshaw initiated coverage on shares of Airbnb in a report on Monday, May 4th. They issued a “buy” rating on the stock. DA Davidson raised their price target on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Needham & Company LLC started coverage on shares of Airbnb in a report on Monday, May 4th. They set a “buy” rating for the company. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $159.84.

Airbnb Trading Down 1.2%

Shares of NASDAQ ABNB opened at $145.98 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50 day moving average price is $139.13 and its 200-day moving average price is $134.42. Airbnb has a fifty-two week low of $110.81 and a fifty-two week high of $150.88. The company has a market cap of $87.98 billion, a price-to-earnings ratio of 35.96, a PEG ratio of 1.57 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same period in the prior year, the business posted $0.24 earnings per share. Airbnb’s revenue was up 17.9% on a year-over-year basis. On average, sell-side analysts expect that Airbnb will post 4.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 294,903 shares of the stock in a transaction on Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the transaction, the director owned 2,622,452 shares of the company’s stock, valued at approximately $389,250,550.36. This represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 88,366 shares of the stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $145.81, for a total value of $12,884,646.46. Following the transaction, the insider directly owned 12,370 shares in the company, valued at $1,803,669.70. The trade was a 87.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,325,429 shares of company stock worth $321,925,435 in the last ninety days. 27.21% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Merit Financial Group LLC grew its holdings in shares of Airbnb by 72.1% during the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after buying an additional 13,818 shares during the last quarter. North Dakota State Investment Board purchased a new position in Airbnb in the 4th quarter worth $2,785,000. North Star Asset Management Inc. raised its stake in Airbnb by 13.4% in the 4th quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock worth $10,663,000 after acquiring an additional 9,294 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its position in Airbnb by 18.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 223,291 shares of the company’s stock worth $30,305,000 after acquiring an additional 34,573 shares during the period. Finally, Danske Bank A S lifted its position in Airbnb by 11.0% during the 4th quarter. Danske Bank A S now owns 235,557 shares of the company’s stock worth $31,970,000 after acquiring an additional 23,422 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Wedbush initiated coverage with a neutral rating and a $152 price target, implying modest upside from recent levels and signaling that analysts still see value in the shares. Article link
• Positive Sentiment: Jefferies reaffirmed its buy rating on Airbnb, supporting the view that Wall Street remains constructive on the company’s longer-term growth outlook. Article link
• Neutral Sentiment: Investors are watching Airbnb’s upcoming fiscal second-quarter earnings report, with analysts expecting double-digit earnings growth; results will likely determine whether the stock can extend recent momentum. Article link
• Neutral Sentiment: Airbnb co-founder Joseph Gebbia sold about $39 million in stock under a pre-arranged 10b5-1 plan. While not necessarily a bearish signal, insider selling can create some investor caution. Article link
• Negative Sentiment: CEO Brian Chesky’s X account was reportedly hacked and used to promote crypto tokenization posts. The incident does not directly affect fundamentals, but it is a reputational and security-related distraction for the company. Article link

About Airbnb

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.