Airbnb, Inc. (NASDAQ:ABNB) has been given a consensus rating of “Hold” by the thirty-nine research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and fifteen have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $170.33.
A number of analysts recently commented on ABNB shares. HSBC boosted their target price on shares of Airbnb from $220.00 to $224.00 and gave the stock a “buy” rating in a report on Friday, February 26th. Piper Sandler dropped their target price on shares of Airbnb from $198.00 to $175.00 and set an “overweight” rating on the stock in a report on Friday, May 14th. Needham & Company LLC dropped their target price on shares of Airbnb from $210.00 to $194.00 and set a “buy” rating on the stock in a report on Friday, May 14th. Mizuho cut their price target on shares of Airbnb from $176.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, May 14th. Finally, Canaccord Genuity upped their price objective on shares of Airbnb from $175.00 to $220.00 and gave the company a “buy” rating in a research note on Friday, February 26th.
Airbnb stock traded up $1.27 during midday trading on Thursday, reaching $146.12. 9,430,462 shares of the stock traded hands, compared to its average volume of 6,910,422. The stock has a fifty day moving average price of $159.29. The firm has a market cap of $90.23 billion and a price-to-earnings ratio of -9.41. Airbnb has a fifty-two week low of $121.50 and a fifty-two week high of $219.94.
In related news, insider Nathan Blecharczyk sold 388,989 shares of the company’s stock in a transaction on Monday, May 17th. The shares were sold at an average price of $132.65, for a total transaction of $51,599,390.85. Following the completion of the transaction, the insider now directly owns 598,364 shares in the company, valued at approximately $79,372,984.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO David C. Bernstein sold 5,032 shares of the company’s stock in a transaction on Monday, June 7th. The shares were sold at an average price of $149.12, for a total transaction of $750,371.84. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 979,253 shares of company stock valued at $134,204,642. Corporate insiders own 36.30% of the company’s stock.
Several hedge funds have recently made changes to their positions in ABNB. Price T Rowe Associates Inc. MD acquired a new stake in shares of Airbnb during the 4th quarter worth about $1,585,718,000. FMR LLC acquired a new stake in shares of Airbnb during the 4th quarter worth about $846,944,000. Jennison Associates LLC increased its position in shares of Airbnb by 551.6% during the 1st quarter. Jennison Associates LLC now owns 3,358,931 shares of the company’s stock worth $631,277,000 after purchasing an additional 2,843,433 shares in the last quarter. BlackRock Inc. increased its position in shares of Airbnb by 87.4% during the 1st quarter. BlackRock Inc. now owns 2,755,407 shares of the company’s stock worth $517,851,000 after purchasing an additional 1,285,208 shares in the last quarter. Finally, Silver Lake Group L.L.C. acquired a new stake in shares of Airbnb during the 4th quarter worth about $375,721,000. Institutional investors own 12.75% of the company’s stock.
Airbnb, Inc, together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.
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