Airbnb, Inc. (NASDAQ:ABNB) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Airbnb has an average analyst rating of "Moderate Buy" from 37 research firms, with a 12-month average price target of about $157.67.
• Recent insider activity included notable stock sales by CEO Brian Chesky and CFO Elinor Mertz; insiders sold about 968,723 shares valued at roughly $130.5 million over the last three months.
• In its latest quarterly results, Airbnb reported $2.68 billion in revenue, topping estimates, but EPS of $0.26 missed consensus expectations of $0.31.

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have been assigned an average rating of "Moderate Buy" from the thirty-seven research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, twenty-one have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $157.6667.

ABNB has been the subject of several recent analyst reports. Tigress Financial reduced their target price on shares of Airbnb from $200.00 to $185.00 and set a "buy" rating for the company in a research note on Wednesday, April 8th. Morgan Stanley downgraded shares of Airbnb from an "underweight" rating to an "underweight" rating in a report on Monday, May 4th. Scotiabank started coverage on shares of Airbnb in a report on Monday, May 4th. They issued an "outperform" rating on the stock. Citizens Jmp boosted their price target on shares of Airbnb from $160.00 to $170.00 and gave the stock a "market outperform" rating in a report on Friday, May 8th. Finally, BMO Capital Markets boosted their price target on shares of Airbnb from $130.00 to $140.00 and gave the stock a "market perform" rating in a report on Friday, February 13th.

Insider Buying and Selling at Airbnb

In other Airbnb news, CEO Brian Chesky sold 265,746 shares of the company's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $132.22, for a total transaction of $35,136,936.12. Following the sale, the chief executive officer directly owned 11,206,389 shares of the company's stock, valued at $1,481,708,753.58. This represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Elinor Mertz sold 3,750 shares of the company's stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $143.00, for a total transaction of $536,250.00. Following the sale, the chief financial officer directly owned 463,415 shares in the company, valued at approximately $66,268,345. This trade represents a 0.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 968,723 shares of company stock valued at $130,478,651 in the last three months. 27.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI increased its position in shares of Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company's stock valued at $727,000 after buying an additional 76 shares during the period. Patton Fund Management Inc. boosted its holdings in shares of Airbnb by 4.3% in the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company's stock worth $254,000 after purchasing an additional 77 shares in the last quarter. BOKF NA raised its holdings in shares of Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company's stock valued at $107,000 after buying an additional 78 shares in the last quarter. Yoder Wealth Management Inc. lifted its position in Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company's stock worth $3,582,000 after buying an additional 84 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in Airbnb by 1.0% in the third quarter. Private Advisor Group LLC now owns 8,295 shares of the company's stock worth $1,007,000 after buying an additional 86 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Stock Performance

NASDAQ:ABNB opened at $137.87 on Tuesday. The company has a fifty day moving average of $134.07 and a 200-day moving average of $130.37. Airbnb has a twelve month low of $110.81 and a twelve month high of $147.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $83.10 billion, a P/E ratio of 33.96, a P/E/G ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period in the previous year, the business posted $0.24 EPS. The business's revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Airbnb will post 4.91 EPS for the current year.

Airbnb Company Profile

Airbnb, Inc NASDAQ: ABNB operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company's core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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