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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received an average rating of “Hold” from the thirty-four research firms that are currently covering the firm, MarketBeat reports. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $139.63.

ABNB has been the topic of a number of research analyst reports. Barclays raised their price target on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a report on Friday, November 8th. Evercore ISI raised their price target on Airbnb to $155.00 and gave the company a “hold” rating in a report on Wednesday, January 15th. Wedbush lifted their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Wells Fargo & Company lowered their target price on Airbnb from $100.00 to $96.00 and set an “underweight” rating on the stock in a report on Thursday, January 16th. Finally, Morgan Stanley lifted their target price on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th.

Airbnb Stock Performance

ABNB stock opened at $132.50 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock has a market capitalization of $84.00 billion, a price-to-earnings ratio of 46.49, a PEG ratio of 1.83 and a beta of 1.13. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s fifty day moving average is $134.10 and its two-hundred day moving average is $131.55.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The business had revenue of $3.73 billion for 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 last year, the business posted $2.39 earnings per share. On average, research analysts predict that Airbnb will post 3.98 EPS for the current year.

Insider Activity

In related news, CEO Brian Chesky sold 76,923 shares of the business’s stock in a transaction that occurred on 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 approximately $1,765,525,022. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the sale, the chief technology officer now owns 192,244 shares of the company’s stock, valued at approximately $26,016,380.52. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,130,382 shares of company stock worth $150,441,919 in the last three months. 27.83% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cascade Investment Advisors Inc. increased its position in Airbnb by 18.4% in the 4th quarter. Cascade Investment Advisors Inc. now owns 11,480 shares of the company’s stock worth $1,509,000 after buying an additional 1,780 shares during the period. KBC Group NV increased its position in Airbnb by 47.9% in the 4th quarter. KBC Group NV now owns 128,054 shares of the company’s stock worth $16,828,000 after buying an additional 41,446 shares during the period. Kingswood Wealth Advisors LLC increased its position in shares of Airbnb by 13.8% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 2,549 shares of the company’s stock valued at $335,000 after purchasing an additional 309 shares during the period. Toth Financial Advisory Corp increased its position in shares of Airbnb by 59.3% during the fourth quarter. Toth Financial Advisory Corp now owns 696 shares of the company’s stock valued at $91,000 after purchasing an additional 259 shares during the period. Finally, Geneos Wealth Management Inc. increased its position in shares of Airbnb by 5.2% during the fourth quarter. Geneos Wealth Management Inc. now owns 4,980 shares of the company’s stock valued at $654,000 after purchasing an additional 244 shares during the period. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

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.