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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been assigned a consensus recommendation of “Hold” from the thirty analysts that are presently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $133.45.

A number of equities analysts have recently issued reports on the stock. Susquehanna dropped their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research note on Wednesday, August 7th. B. Riley lowered their target price on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Argus lowered shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Wedbush lowered their target price on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Finally, Barclays lowered their target price on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th.

Airbnb Price Performance

NASDAQ:ABNB opened at $117.75 on Friday. The stock has a market cap of $75.84 billion, a P/E ratio of 15.76, a PEG ratio of 1.54 and a beta of 1.16. Airbnb has a one year low of $110.38 and a one year high of $170.10. The company has a fifty day moving average price of $128.14 and a 200 day moving average price of $145.79. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. Airbnb’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. Analysts anticipate that Airbnb will post 4.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of $149.90, for a total value of $89,940.00. Following the sale, the chief technology officer now directly owns 209,974 shares in the company, valued at $31,475,102.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO David C. Bernstein sold 1,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $145.88, for a total value of $145,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,043 shares of the company’s stock, valued at $6,424,992.84. 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 firm’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $149.90, for a total transaction of $89,940.00. Following the completion of the transaction, the chief technology officer now directly owns 209,974 shares of the company’s stock, valued at $31,475,102.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,932 shares of company stock worth $67,352,949. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently made changes to their positions in ABNB. Transcendent Capital Group LLC acquired a new position in Airbnb during the first quarter worth about $25,000. New Millennium Group LLC acquired a new position in Airbnb during the second quarter worth about $28,000. Trust Co. of Vermont acquired a new position in Airbnb during the fourth quarter worth about $27,000. Westend Capital Management LLC acquired a new position in Airbnb during the first quarter worth about $33,000. Finally, Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the first quarter worth about $33,000. 80.76% of the stock is 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.