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

Key Points

• The stock has a consensus "Hold" rating from 33 analysts (1 sell, 17 hold, 14 buy, 1 strong buy) with an average 12‑month target of $149.40.
• Airbnb reported $0.56 EPS for the quarter, missing the $0.66 consensus while beating revenue expectations with $2.78 billion (+12.9% YoY).
• Insiders have sold a total of 363,510 shares (~$46.45M) in the past 90 days (including CFO and co‑founder sales); insiders still own 27.83% of shares and institutional investors hold about 80.76%.

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) has been given an average rating of "Hold" by the thirty-three analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $149.40.

A number of research firms recently commented on ABNB. Benchmark cut their target price on shares of Airbnb from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Morgan Stanley set a $120.00 target price on shares of Airbnb in a research report on Friday, February 13th. Cantor Fitzgerald set a $121.00 target price on shares of Airbnb in a research report on Friday, February 13th. Weiss Ratings restated a "hold (c)" rating on shares of Airbnb in a research report on Wednesday, January 21st. Finally, Sanford C. Bernstein cut their target price on shares of Airbnb from $165.00 to $162.00 and set an "outperform" rating for the company in a research report on Tuesday, January 6th.

Airbnb Stock Performance

ABNB stock opened at $128.96 on Monday. Airbnb has a one year low of $109.79 and a one year high of $143.88. The stock has a market capitalization of $78.50 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 1.58 and a beta of 1.15. The company has a fifty day moving average of $127.72 and a 200-day moving average of $127.11.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). The company had revenue of $2.78 billion for the quarter, compared to analysts' expectations of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm's quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 EPS. Equities analysts forecast that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Elinor Mertz sold 3,750 shares of the business's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $130.99, for a total value of $491,212.50. Following the completion of the transaction, the chief financial officer owned 394,359 shares of the company's stock, valued at $51,657,085.41. The trade was a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 4,260 shares of the business's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the transaction, the insider directly owned 49,250 shares of the company's stock, valued at approximately $6,170,532.50. This represents a 7.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 363,510 shares of company stock valued at $46,447,668 over the last 90 days. Insiders own 27.83% of the company's stock.

Hedge Funds Weigh In On Airbnb

Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Airbnb by 1.7% in the third quarter. Vanguard Group Inc. now owns 38,295,288 shares of the company's stock valued at $4,649,814,000 after purchasing an additional 649,323 shares during the period. Harris Associates L P grew its holdings in Airbnb by 21.0% in the fourth quarter. Harris Associates L P now owns 18,694,408 shares of the company's stock valued at $2,537,205,000 after purchasing an additional 3,240,477 shares during the period. Geode Capital Management LLC increased its stake in Airbnb by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 10,076,465 shares of the company's stock worth $1,368,338,000 after acquiring an additional 47,966 shares during the last quarter. AQR Capital Management LLC increased its stake in Airbnb by 58.4% during the fourth quarter. AQR Capital Management LLC now owns 6,762,784 shares of the company's stock worth $917,845,000 after acquiring an additional 2,492,847 shares during the last quarter. Finally, Clearbridge Investments LLC increased its stake in Airbnb by 3.7% during the fourth quarter. Clearbridge Investments LLC now owns 6,073,947 shares of the company's stock worth $824,356,000 after acquiring an additional 216,455 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

About Airbnb

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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