Airbnb, Inc. (NASDAQ:ABNB) Receives Consensus Recommendation of “Hold” from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has earned a consensus recommendation of “Hold” from the thirty-six analysts that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell recommendation, sixteen have assigned a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $141.23.

A number of equities analysts have recently commented on the stock. DA Davidson raised shares of Airbnb from a “neutral” rating to a “buy” rating and dropped their price target for the company from $170.00 to $155.00 in a research report on Wednesday, April 30th. Royal Bank Of Canada dropped their target price on shares of Airbnb from $160.00 to $140.00 and set a “sector perform” rating on the stock in a report on Friday, May 2nd. Benchmark dropped their target price on shares of Airbnb from $178.00 to $155.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company lifted their price objective on Airbnb from $100.00 to $104.00 and gave the stock an “underweight” rating in a research note on Friday, May 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Airbnb in a research note on Wednesday, May 14th.

Airbnb Price Performance

NASDAQ ABNB opened at $131.73 on Tuesday. The company has a 50 day simple moving average of $128.10 and a 200-day simple moving average of $130.58. The firm has a market capitalization of $82.52 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 2.47 and a beta of 1.14. Airbnb has a 52-week low of $99.88 and a 52-week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.01). The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.26 billion. Airbnb had a return on equity of 30.91% and a net margin of 22.60%. Airbnb’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.41 earnings per share. On average, analysts predict that Airbnb will post 4.31 EPS for the current year.

Insider Activity

In other news, insider Nathan Blecharczyk sold 2,245 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $134.03, for a total value of $300,897.35. Following the sale, the insider now owns 188,173 shares of the company’s stock, valued at $25,220,827.19. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $137.13, for a total value of $82,278.00. Following the sale, the chief technology officer now owns 213,377 shares in the company, valued at $29,260,388.01. The trade was a 0.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,624,472 shares of company stock worth $203,509,100 in the last 90 days. Corporate insiders own 27.91% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of ABNB. Principal Securities Inc. raised its stake in Airbnb by 86.8% in the fourth quarter. Principal Securities Inc. now owns 8,415 shares of the company’s stock valued at $1,106,000 after buying an additional 3,909 shares during the period. Allworth Financial LP raised its stake in Airbnb by 11.0% in the 4th quarter. Allworth Financial LP now owns 2,814 shares of the company’s stock valued at $373,000 after acquiring an additional 278 shares during the period. Baillie Gifford & Co. bought a new stake in Airbnb in the 4th quarter valued at $10,106,000. Capital Performance Advisors LLP raised its position in shares of Airbnb by 226.2% in the fourth quarter. Capital Performance Advisors LLP now owns 3,171 shares of the company’s stock valued at $417,000 after purchasing an additional 2,199 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of Airbnb by 174.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,866,431 shares of the company’s stock valued at $245,268,000 after purchasing an additional 1,185,892 shares during the period. 80.76% of the stock is owned by institutional investors.

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.