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

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have been assigned an average recommendation of "Hold" from the thirty-six research firms that are presently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a sell recommendation, sixteen have issued a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $141.47.

A number of analysts recently commented on ABNB shares. JPMorgan Chase & Co. dropped their price objective on Airbnb from $160.00 to $115.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Canaccord Genuity Group decreased their target price on Airbnb from $190.00 to $180.00 and set a "buy" rating for the company in a report on Monday, April 28th. B. Riley decreased their price target on Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Evercore ISI decreased their price target on Airbnb from $165.00 to $145.00 and set an "in-line" rating for the company in a report on Friday, May 2nd. Finally, BTIG Research reaffirmed a "neutral" rating on shares of Airbnb in a research report on Wednesday, May 28th.

Airbnb Price Performance

Shares of NASDAQ ABNB traded down $1.65 during midday trading on Friday, hitting $135.35. 3,053,829 shares of the company's stock were exchanged, compared to its average volume of 5,030,517. Airbnb has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market cap of $84.78 billion, a PE ratio of 34.18, a P/E/G ratio of 2.57 and a beta of 1.13. The firm's fifty day simple moving average is $133.00 and its 200-day simple moving average is $130.63.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.01). Airbnb had a return on equity of 30.91% and a net margin of 22.60%. The company had revenue of $2.27 billion for the quarter, compared to analyst estimates of $2.26 billion. During the same period in the prior year, the business earned $0.41 earnings per share. Airbnb's revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CFO Elinor Mertz sold 6,250 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $123.43, for a total transaction of $771,437.50. Following the completion of the sale, the chief financial officer directly owned 485,080 shares in the company, valued at approximately $59,873,424.40. The trade was a 1.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $128.66, for a total transaction of $30,363,760.00. Following the sale, the director directly owned 1,416,015 shares of the company's stock, valued at approximately $182,184,489.90. The trade was a 14.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,629,143 shares of company stock worth $210,676,703 in the last three months. Insiders own 27.91% of the company's stock.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently modified their holdings of the business. MJP Associates Inc. ADV boosted its holdings in Airbnb by 1.8% in the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock worth $490,000 after buying an additional 67 shares during the period. Geneos Wealth Management Inc. raised its position in Airbnb by 1.6% in 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 during the period. 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. Harbour Investments Inc. boosted its stake in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock valued at $88,000 after purchasing an additional 80 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Airbnb by 4.4% during the first quarter. Koshinski Asset Management Inc. now owns 1,984 shares of the company's stock valued at $237,000 after purchasing an additional 83 shares in the last quarter. Institutional investors own 80.76% of the company's stock.

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.