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

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have earned a consensus recommendation of "Hold" from the thirty-six research firms that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation, thirteen have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $141.23.

Several brokerages recently issued reports on ABNB. BTIG Research reaffirmed a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Jefferies Financial Group upgraded shares of Airbnb from a "hold" rating to a "buy" rating and upped their price objective for the company from $165.00 to $185.00 in a report on Monday, March 10th. UBS Group decreased their price objective on shares of Airbnb from $160.00 to $138.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Piper Sandler cut their price target on shares of Airbnb from $145.00 to $132.00 and set a "neutral" rating on the stock in a research note on Monday, April 28th. Finally, Royal Bank of Canada decreased their price target on shares of Airbnb from $160.00 to $140.00 and set a "sector perform" rating for the company in a report on Friday, May 2nd.

Insider Activity

In other news, CTO Aristotle N. Balogh sold 700 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $119.67, for a total transaction of $83,769.00. Following the completion of the sale, the chief technology officer now owns 170,019 shares of the company's stock, valued at $20,346,173.73. This represents a 0.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm's stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $129.38, for a total transaction of $27,724,193.30. Following the completion of the transaction, the director now directly owns 2,509,155 shares in the company, valued at approximately $324,634,473.90. This represents a 7.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,624,472 shares of company stock worth $203,509,100 over the last 90 days. 27.91% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

Hedge funds have recently bought and sold shares of the business. MJP Associates Inc. ADV increased its position in shares of Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after buying an additional 67 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Airbnb by 1.4% during the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company's stock valued at $728,000 after purchasing an additional 78 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock worth $604,000 after purchasing an additional 78 shares in the last quarter. Ellevest Inc. raised its holdings in Airbnb by 3.1% during the 4th quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after buying an additional 80 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of Airbnb by 12.2% in the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock valued at $88,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

Shares of ABNB stock opened at $137.21 on Tuesday. The stock's 50-day moving average is $126.94 and its 200 day moving average is $130.68. Airbnb has a 1-year low of $99.88 and a 1-year high of $163.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The company has a market cap of $85.95 billion, a P/E ratio of 33.22, a PEG ratio of 3.52 and a beta of 1.14.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.01). Airbnb had a net margin of 23.85% and a return on equity of 32.29%. The firm had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same quarter in the prior year, the business posted $0.41 earnings per share. The firm's quarterly revenue was up 7.4% on a year-over-year basis. Research analysts predict that Airbnb will post 4.31 earnings per share 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.

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