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

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) has received a consensus recommendation of "Hold" from the thirty-five research firms that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $141.43.

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group upgraded Airbnb from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $110.00 to $153.00 in a report on Friday, February 14th. Robert W. Baird decreased their target price on Airbnb from $175.00 to $160.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. JPMorgan Chase & Co. dropped their price target on Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their price objective on Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Needham & Company LLC restated a "hold" rating on shares of Airbnb in a report on Wednesday, May 14th.

Airbnb Price Performance

Shares of ABNB stock traded down $0.73 during trading hours on Friday, hitting $128.67. 4,730,543 shares of the company's stock were exchanged, compared to its average volume of 4,916,836. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $163.93. The firm has a market cap of $80.60 billion, a P/E ratio of 31.15, a P/E/G ratio of 3.52 and a beta of 1.14. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $122.51 and a two-hundred day moving average of $130.78.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The company had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Airbnb's revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. Sell-side analysts forecast that Airbnb will post 4.31 EPS for the current year.

Insider Buying and Selling

In other Airbnb news, insider Nathan Blecharczyk sold 2,245 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $134.03, for a total transaction of $300,897.35. Following the transaction, the insider now directly owns 188,173 shares in the company, valued at $25,220,827.19. This represents a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $126.80, for a total value of $27,171,338.00. Following the transaction, the director now owns 214,290 shares of the company's stock, valued at approximately $27,171,972. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,389,925 shares of company stock valued at $170,370,496. Company insiders own 27.91% of the company's stock.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently bought and sold shares of the company. MJP Associates Inc. ADV grew its holdings in shares of Airbnb by 1.8% in the fourth quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after purchasing an additional 67 shares in the last quarter. CAP Partners LLC boosted its position in Airbnb by 3.6% in the 4th quarter. CAP Partners LLC now owns 2,229 shares of the company's stock valued at $293,000 after buying an additional 77 shares during the period. Lindbrook Capital LLC grew its stake in shares of Airbnb by 1.4% in the fourth quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock worth $728,000 after acquiring an additional 78 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in shares of Airbnb by 1.6% in the first quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock worth $604,000 after acquiring an additional 78 shares in the last quarter. Finally, Ellevest Inc. increased its position in shares of Airbnb by 3.1% during the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after acquiring an additional 80 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

About Airbnb

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.