Airbnb, Inc. (NASDAQ:ABNB) Given Consensus Rating of “Hold” by Brokerages

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received an average rating of “Hold” from the thirty-seven research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $147.41.

ABNB has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. B. Riley boosted their price target on shares of Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Benchmark increased their price objective on Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. DA Davidson boosted their target price on Airbnb from $131.00 to $170.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, HSBC raised Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 38,459 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $120.44, for a total value of $4,632,001.96. Following the sale, the chief executive officer now directly owns 11,731,685 shares in the company, valued at $1,412,964,141.40. This represents a 0.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total value of $83,769.00. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold a total of 2,030,357 shares of company stock valued at $284,351,868 over the last ninety days. 27.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently made changes to their positions in the company. MJP Associates Inc. ADV boosted its position in Airbnb by 1.8% in the fourth 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. CAP Partners LLC raised its stake in shares of Airbnb by 3.6% in the fourth quarter. CAP Partners LLC now owns 2,229 shares of the company’s stock valued at $293,000 after acquiring an additional 77 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Airbnb by 1.4% in the 4th quarter. Lindbrook Capital LLC now owns 5,540 shares of the company’s stock worth $728,000 after acquiring an additional 78 shares in the last quarter. Ellevest Inc. grew its position 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 acquiring an additional 80 shares during the last quarter. Finally, Manchester Capital Management LLC increased its holdings in Airbnb by 18.2% during the 4th quarter. Manchester Capital Management LLC now owns 527 shares of the company’s stock valued at $69,000 after purchasing an additional 81 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $106.30 on Thursday. The firm has a market capitalization of $67.03 billion, a P/E ratio of 25.74, a PEG ratio of 3.52 and a beta of 1.15. The stock has a fifty day moving average of $133.30 and a 200-day moving average of $133.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb has a 12-month low of $99.88 and a 12-month high of $166.74.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities analysts forecast that Airbnb will post 4.31 EPS for the current fiscal year.

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.