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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received an average rating of “Hold” from the thirty-four ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $139.63.

Several analysts recently commented on ABNB shares. Susquehanna boosted their price target on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Phillip Securities reaffirmed a “reduce” rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. Evercore ISI boosted their price target on Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Barclays boosted their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group boosted their price objective on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Tuesday, October 22nd.

Airbnb Stock Performance

ABNB opened at $132.50 on Friday. The stock has a market cap of $84.00 billion, a PE ratio of 46.49, a P/E/G ratio of 1.83 and a beta of 1.13. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50 day simple moving average is $134.10 and its 200-day simple moving average is $131.55.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the firm earned $2.39 EPS. Sell-side analysts forecast that Airbnb will post 3.98 EPS for the current year.

Insider Activity at Airbnb

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the sale, the chief executive officer now directly owns 12,616,300 shares in the company, valued at $1,765,525,022. This represents a 0.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now owns 10,321 shares of the company’s stock, valued at $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,130,382 shares of company stock worth $150,441,919. 27.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Large investors have recently modified their holdings of the business. Pacer Advisors Inc. grew its holdings in shares of Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after buying an additional 4,172,985 shares in the last quarter. Meritage Group LP bought a new position in shares of Airbnb during the third quarter worth about $160,985,000. Edgewood Management LLC grew its holdings in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after buying an additional 1,143,464 shares in the last quarter. International Assets Investment Management LLC grew its holdings in shares of Airbnb by 19,430.3% during the third quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Finally, Temasek Holdings Private Ltd grew its holdings in shares of Airbnb by 91.3% during the third quarter. Temasek Holdings Private Ltd now owns 2,324,151 shares of the company’s stock worth $294,726,000 after buying an additional 1,109,076 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors.

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.