Airbnb, Inc. (NASDAQ:ABNB) Receives Average Rating of "Hold" from Analysts

Key Points

• Airbnb, Inc. (NASDAQ:ABNB) has an average analyst rating of "Hold" with 5 sell ratings, 19 hold ratings, 11 buy ratings, and 2 strong buy ratings.
• Equities analysts have set an average price objective of $141.19 for Airbnb shares, with JPMorgan raising their target from $120.00 to $130.00.
• Insider selling activity includes CFO Elinor Mertz divesting 6,250 shares for approximately $849,125, amidst a broader trend of insiders selling significant amounts of the stock recently.

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have received an average rating of "Hold" from the thirty-seven analysts that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, nineteen have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $141.1852.

A number of equities analysts recently weighed in on ABNB shares. JPMorgan Chase & Co. increased their price objective on shares of Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Jefferies Financial Group lowered their price objective on shares of Airbnb from $165.00 to $160.00 and set a "buy" rating for the company in a research report on Monday, August 11th. BTIG Research reaffirmed a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th. Barclays set a $105.00 price objective on shares of Airbnb and gave the stock an "underweight" rating in a research report on Thursday, August 7th. Finally, BNP Paribas raised shares of Airbnb to a "hold" rating in a research report on Wednesday, July 16th.

Insider Buying and Selling at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the completion of the transaction, the chief financial officer owned 461,361 shares of the company's stock, valued at $62,680,505.46. This trade represents a 1.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 2,246 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the transaction, the insider directly owned 182,514 shares of the company's stock, valued at $22,850,752.80. This represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,437,726 shares of company stock worth $186,661,639. 27.91% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Harris Associates L P boosted its position in Airbnb by 86.0% in the 1st quarter. Harris Associates L P now owns 9,944,948 shares of the company's stock valued at $1,188,024,000 after buying an additional 4,598,125 shares during the period. Norges Bank purchased a new position in Airbnb in the 2nd quarter valued at approximately $483,644,000. Pacer Advisors Inc. boosted its position in Airbnb by 2,297.4% in the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company's stock valued at $334,715,000 after buying an additional 2,685,026 shares during the period. AQR Capital Management LLC raised its holdings in shares of Airbnb by 81.0% in the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company's stock valued at $500,755,000 after purchasing an additional 1,916,676 shares in the last quarter. Finally, Amundi raised its holdings in shares of Airbnb by 112.3% in the 2nd quarter. Amundi now owns 2,670,251 shares of the company's stock valued at $361,525,000 after purchasing an additional 1,412,608 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company's stock.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $123.08 on Thursday. The company has a 50 day simple moving average of $128.36 and a 200-day simple moving average of $127.73. The company has a market capitalization of $76.49 billion, a P/E ratio of 29.80, a P/E/G ratio of 2.25 and a beta of 1.13. Airbnb has a 1 year low of $99.88 and a 1 year high of $163.93.

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