Airbnb (NASDAQ:ABNB – Get Free Report) was upgraded by stock analysts at TD Cowen to a “strong-buy” rating in a research note issued on Monday, Zacks reports.
Other analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Airbnb in a research report on Monday, August 31st. Wells Fargo & Company raised their price target on Airbnb from $181.00 to $186.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. CICC Research began coverage on Airbnb in a research report on Friday, June 5th. They set an “outperform” rating and a $165.00 price target on the stock. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a research note on Friday, August 7th. Finally, Phillip Securities downgraded Airbnb from a “hold” rating to a “moderate sell” rating in a report on Tuesday, August 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $181.42.
View Our Latest Report on ABNB
Airbnb Stock Performance
Airbnb (NASDAQ:ABNB – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. The company’s revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 EPS. Research analysts predict that Airbnb will post 5.24 EPS for the current fiscal year.
Insider Transactions at Airbnb
In related news, insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $172.36, for a total transaction of $2,346,681.40. Following the transaction, the insider owned 20,567 shares of the company’s stock, valued at $3,544,928.12. This trade represents a 39.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Brian Chesky sold 20,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $173.61, for a total value of $3,472,200.00. Following the transaction, the chief executive officer directly owned 5,854 shares in the company, valued at approximately $1,016,312.94. This represents a 77.36% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 2,006,561 shares of company stock worth $336,375,433. Company insiders own 27.21% of the company’s stock.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Airbnb by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company’s stock valued at $1,368,338,000 after buying an additional 47,966 shares during the last quarter. Clearbridge Investments LLC raised its position in Airbnb by 3.7% during the 4th quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company’s stock worth $824,356,000 after buying an additional 216,455 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Airbnb by 80.6% in the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock worth $827,929,000 after acquiring an additional 2,581,539 shares during the period. Independent Franchise Partners LLP lifted its stake in shares of Airbnb by 23.6% in the 4th quarter. Independent Franchise Partners LLP now owns 5,146,272 shares of the company’s stock worth $698,452,000 after acquiring an additional 981,624 shares during the period. Finally, Amundi boosted its holdings in shares of Airbnb by 8.6% in the first quarter. Amundi now owns 4,686,765 shares of the company’s stock valued at $591,845,000 after acquiring an additional 370,426 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.
Trending Headlines about Airbnb
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Airbnb is committing an initial $250 million to affordable and mixed-income housing projects, aiming to unlock up to $5 billion in investment over the next decade. The first $6.4 million investment will support 201 affordable units in Austin, Texas. The program may help address criticism that short-term rentals worsen housing affordability and could reduce regulatory pressure over time. Airbnb affordable housing fund article
- Positive Sentiment: The housing accelerator will begin in Austin and combine project financing with support for pro-housing policies, zoning reform and construction technology. Investors may view this as a potential long-term competitive and regulatory advantage, although the financial returns are not yet established. Airbnb Austin housing accelerator article
- Neutral Sentiment: Truist Financial maintained its Hold rating on ABNB, signaling that the analyst sees limited conviction for a material near-term move higher. Broader analyst commentary on consumer-cyclical companies also provides no clear bullish catalyst for Airbnb. Truist Airbnb Hold rating
- Negative Sentiment: Co-founder Nathan Blecharczyk sold 13,615 shares for approximately $2.35 million, reducing his position by 39.8%. While insider sales can reflect diversification or planned transactions, the sale may weigh on sentiment because it represents a substantial reduction in his holdings. Nathan Blecharczyk insider transaction
About Airbnb
Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.
The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.
Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.
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