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

Airbnb, Inc. (NASDAQ:ABNB) has earned an average rating of “Hold” from the thirty-two ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $134.55.

Several analysts have recently issued reports on the company. Robert W. Baird decreased their price objective on Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a report on Monday, October 7th. Royal Bank of Canada decreased their price objective on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Susquehanna decreased their price objective on Airbnb from $180.00 to $130.00 and set a “positive” rating on the stock in a report on Wednesday, August 7th. Finally, B. Riley decreased their price objective on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $130.15, for a total transaction of $78,090.00. Following the transaction, the chief technology officer now owns 194,044 shares of the company’s stock, valued at approximately $25,254,826.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $130.15, for a total transaction of $78,090.00. Following the completion of the sale, the chief technology officer now directly owns 194,044 shares in the company, valued at $25,254,826.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 561,896 shares of company stock valued at $74,027,852. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in the stock. Joel Isaacson & Co. LLC lifted its stake in shares of Airbnb by 2.3% during the 1st quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after purchasing an additional 67 shares during the last quarter. Miracle Mile Advisors LLC raised its stake in Airbnb by 0.7% in the first quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after buying an additional 68 shares during the last quarter. Farrow Financial Inc. raised its stake in Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after buying an additional 69 shares during the last quarter. Heritage Wealth Advisors raised its stake in Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 71 shares during the last quarter. Finally, GYL Financial Synergies LLC raised its stake in Airbnb by 5.0% in the second quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock valued at $241,000 after buying an additional 76 shares during the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Up 0.3 %

NASDAQ ABNB opened at $134.79 on Thursday. The stock’s 50 day moving average is $121.81 and its 200 day moving average is $140.56. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a market cap of $86.81 billion, a PE ratio of 18.04, a P/E/G ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same period in the prior year, the firm posted $0.98 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. Research analysts predict that Airbnb will post 4.33 EPS for the current fiscal 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.