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

Key Points

• Airbnb has received a consensus recommendation of "Hold" from thirty-eight brokerage firms, with five issuing a sell rating and eleven a buy rating.
• The average one-year price target set by brokerages for Airbnb's stock is $141.81, with varying target prices from different analysts.
• Airbnb recently reported a 12.7% year-over-year increase in revenue, with $3.10 billion in revenue and earnings per share of $1.03 for its last quarter.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) has been given a consensus recommendation of "Hold" by the thirty-eight ratings firms that are covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation, eleven have given a buy recommendation and three have given a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $141.8148.

Several research firms have weighed in on ABNB. Royal Bank Of Canada lifted their target price on Airbnb from $140.00 to $145.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Airbnb in a research report on Wednesday, October 8th. Wedbush dropped their target price on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Wells Fargo & Company set a $110.00 target price on Airbnb and gave the company an "underweight" rating in a research report on Thursday, August 7th. Finally, Truist Financial dropped their target price on Airbnb from $106.00 to $104.00 and set a "sell" rating for the company in a research report on Wednesday, September 3rd.

Airbnb Trading Up 2.5%

Shares of NASDAQ:ABNB opened at $125.91 on Monday. The company has a market capitalization of $78.25 billion, a price-to-earnings ratio of 30.49, a PEG ratio of 2.30 and a beta of 1.10. The business has a 50-day moving average price of $123.99 and a 200 day moving average price of $127.39. Airbnb has a 12-month low of $99.88 and a 12-month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.11. The company had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb's revenue was up 12.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.86 EPS. As a group, equities research analysts predict that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $122.91, for a total value of $73,746.00. Following the completion of the transaction, the chief technology officer owned 199,006 shares in the company, valued at approximately $24,459,827.46. This trade represents a 0.30% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of Airbnb stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the completion of the transaction, the insider owned 182,514 shares of the company's stock, valued at $22,850,752.80. The trade was a 1.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,430,876 shares of company stock worth $178,056,060. Corporate 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 the stock. Vanguard Group Inc. boosted its stake in shares of Airbnb by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,645,965 shares of the company's stock valued at $4,982,067,000 after buying an additional 183,336 shares during the period. Harris Associates L P boosted its stake in shares of Airbnb by 43.2% in the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company's stock valued at $1,884,168,000 after buying an additional 4,292,383 shares during the period. Geode Capital Management LLC boosted its stake in shares of Airbnb by 1.5% in the 2nd quarter. Geode Capital Management LLC now owns 9,942,423 shares of the company's stock valued at $1,314,057,000 after buying an additional 145,788 shares during the period. Northern Trust Corp lifted its stake in Airbnb by 2.5% during the first quarter. Northern Trust Corp now owns 4,402,970 shares of the company's stock worth $525,979,000 after purchasing an additional 106,135 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in Airbnb by 81.0% during the first quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company's stock worth $500,755,000 after purchasing an additional 1,916,676 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

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.

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