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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received a consensus rating of “Hold” from the thirty-two brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $147.58.

Several research analysts have recently weighed in on the stock. Tigress Financial lifted their price target on shares of Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. B. Riley Financial initiated coverage on shares of Airbnb in a report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price objective for the company. Susquehanna lifted their target price on Airbnb from $160.00 to $180.00 and gave the stock a “positive” rating in a report on Wednesday, February 14th. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. Finally, Piper Sandler raised their price objective on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were sold at an average price of $161.55, for a total value of $96,930.00. Following the completion of the sale, the chief technology officer now owns 222,304 shares of the company’s stock, valued at $35,913,211.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CTO Aristotle N. Balogh sold 78,682 shares of Airbnb stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $169.30, for a total value of $13,320,862.60. Following the sale, the chief technology officer now owns 144,331 shares of the company’s stock, valued at $24,435,238.30. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $161.55, for a total transaction of $96,930.00. Following the transaction, the chief technology officer now owns 222,304 shares in the company, valued at $35,913,211.20. The disclosure for this sale can be found here. Insiders have sold a total of 490,584 shares of company stock worth $77,302,032 over the last ninety days. Corporate insiders own 30.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Founders Financial Securities LLC raised its stake in Airbnb by 7.5% in the first quarter. Founders Financial Securities LLC now owns 2,196 shares of the company’s stock valued at $362,000 after purchasing an additional 153 shares in the last quarter. Romano Brothers AND Company acquired a new position in Airbnb during the first quarter valued at approximately $210,000. Hennion & Walsh Asset Management Inc. bought a new stake in Airbnb during the first quarter worth $215,000. First Dallas Securities Inc. increased its stake in shares of Airbnb by 4.5% in the 1st quarter. First Dallas Securities Inc. now owns 7,005 shares of the company’s stock valued at $1,156,000 after purchasing an additional 300 shares during the last quarter. Finally, New England Research & Management Inc. raised its holdings in shares of Airbnb by 108.9% during the 1st quarter. New England Research & Management Inc. now owns 6,425 shares of the company’s stock worth $1,060,000 after buying an additional 3,350 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Up 1.1 %

Airbnb stock opened at $158.37 on Thursday. The stock has a market cap of $102.48 billion, a PE ratio of 21.87, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a fifty day moving average of $159.21 and a 200 day moving average of $141.97. Airbnb has a one year low of $103.55 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 EPS for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. As a group, sell-side analysts predict that Airbnb will post 4.63 EPS for the current year.

Airbnb Company Profile

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.