Airbnb, Inc. (NASDAQ:ABNB) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Airbnb, Inc. (NASDAQ:ABNB) have earned an average recommendation of “Moderate Buy” from the thirty-nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, thirteen have given a hold recommendation, twenty-three have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $159.6538.

Several equities research analysts have issued reports on ABNB shares. HC Wainwright upgraded shares of Airbnb to a “buy” rating in a research report on Monday, May 4th. Barclays increased their price target on shares of Airbnb from $122.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a research report on Friday, May 22nd. Raymond James Financial upgraded shares of Airbnb from a “market perform” rating to a “strong-buy” rating in a research report on Monday, May 4th. Finally, DA Davidson lifted their price objective on shares of Airbnb from $150.00 to $162.00 and gave the stock a “buy” rating in a report on Monday, May 11th.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 3,750 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $148.01, for a total transaction of $555,037.50. Following the sale, the chief financial officer owned 445,290 shares in the company, valued at $65,907,372.90. This trade represents a 0.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 2,460 shares of Airbnb stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $150.00, for a total value of $369,000.00. Following the sale, the director directly owned 2,595,119 shares of the company’s stock, valued at approximately $389,267,850. This trade represents a 0.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 2,231,864 shares of company stock worth $308,474,278. Company insiders own 27.21% of the company’s stock.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the company. ORG Partners LLC grew its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after acquiring an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC raised its stake in shares of Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after acquiring an additional 112 shares in the last quarter. Entrust Financial LLC bought a new stake in shares of Airbnb in the 4th quarter worth approximately $27,000. Meeder Asset Management Inc. lifted its holdings in shares of Airbnb by 96.3% in the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after acquiring an additional 105 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after purchasing an additional 175 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

NASDAQ:ABNB opened at $144.10 on Wednesday. The stock has a market cap of $86.85 billion, a P/E ratio of 35.49, a PEG ratio of 1.55 and a beta of 1.14. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The business’s 50-day moving average price is $139.46 and its two-hundred day moving average price is $134.52. Airbnb has a twelve month low of $110.81 and a twelve month high of $150.88.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. As a group, equities analysts predict that Airbnb will post 4.92 EPS 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.