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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received an average recommendation of “Moderate Buy” from the thirty-seven analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, twenty-one have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $157.6667.

A number of research firms have issued reports on ABNB. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a report on Friday, May 8th. DA Davidson raised their price target on Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a report on Monday, May 11th. Argus raised Airbnb to a “strong-buy” rating in a research report on Tuesday, February 17th. Cantor Fitzgerald raised Airbnb from a “neutral” rating to an “overweight” rating in a research report on Monday, May 4th. Finally, Morgan Stanley cut Airbnb from an “underweight” rating to an “underweight” rating in a research report on Monday, May 4th.

Airbnb Stock Performance

Shares of ABNB stock opened at $137.87 on Tuesday. The stock has a fifty day moving average of $134.07 and a 200 day moving average of $130.37. Airbnb has a 52 week low of $110.81 and a 52 week high of $147.25. The firm has a market capitalization of $83.10 billion, a price-to-earnings ratio of 33.96, a PEG ratio of 1.43 and a beta of 1.16. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.26 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 during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the previous year, the business earned $0.24 EPS. The business’s revenue was up 17.9% compared to the same quarter last year. As a group, research analysts expect that Airbnb will post 4.91 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Nathan Blecharczyk sold 2,739 shares of Airbnb stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $131.40, for a total transaction of $359,904.60. Following the sale, the insider owned 81,631 shares of the company’s stock, valued at approximately $10,726,313.40. This trade represents a 3.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Elinor Mertz sold 3,750 shares of Airbnb stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $143.00, for a total value of $536,250.00. Following the completion of the sale, the chief financial officer directly owned 463,415 shares in the company, valued at approximately $66,268,345. The trade was a 0.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 968,723 shares of company stock worth $130,478,651 over the last quarter. Company insiders own 27.21% of the company’s stock.

Institutional Trading of Airbnb

A number of large investors have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd bought a new position in Airbnb in the 3rd quarter worth about $25,000. ORG Partners LLC lifted its stake in shares of Airbnb by 97.0% during the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the last quarter. Transamerica Financial Advisors LLC lifted its stake in shares of Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after purchasing an additional 112 shares during the last quarter. Entrust Financial LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $27,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after purchasing an additional 105 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.