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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been given a consensus rating of “Hold” by the thirty-seven brokerages that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $141.8148.

A number of equities research analysts have recently weighed in on ABNB shares. Morgan Stanley reduced their price objective on shares of Airbnb from $130.00 to $120.00 and set an “underweight” rating on the stock in a report on Thursday, August 7th. Wells Fargo & Company set a $110.00 target price on shares of Airbnb and gave the company an “underweight” rating in a report on Thursday, August 7th. JPMorgan Chase & Co. increased their price objective on Airbnb from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Truist Financial dropped their price objective on shares of Airbnb from $106.00 to $104.00 and set a “sell” rating on the stock in a research note on Wednesday, September 3rd. Finally, Jefferies Financial Group dropped their price target on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 11th.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $135.86, for a total transaction of $849,125.00. Following the completion of the transaction, the chief financial officer directly owned 461,361 shares in the company, valued at approximately $62,680,505.46. This trade represents a 1.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $125.36, for a total value of $29,584,960.00. Following the transaction, the director owned 15 shares of the company’s stock, valued at $1,880.40. This represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,673,726 shares of company stock valued at $215,816,143 in the last 90 days. 27.91% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Kentucky Trust Co acquired a new position in Airbnb during the second quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in shares of Airbnb during the fourth quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its holdings in Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Concord Wealth Partners acquired a new stake in Airbnb in the second quarter valued at $28,000. Finally, Stonebridge Financial Group LLC raised its stake in shares of Airbnb by 75.7% in the 1st quarter. Stonebridge Financial Group LLC now owns 246 shares of the company’s stock valued at $29,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $122.32 on Thursday. Airbnb has a 1 year low of $99.88 and a 1 year high of $163.93. The company has a market capitalization of $76.01 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.22 and a beta of 1.10. The company has a 50 day simple moving average of $126.68 and a 200-day simple moving average of $127.63.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $3.02 billion. Airbnb had a net margin of 22.67% and a return on equity of 32.19%. Airbnb’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.86 earnings per share. As a group, research analysts expect that Airbnb will post 4.31 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.