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

Shares of Airbnb, Inc. (NASDAQ:ABNBGet Free Report) have been given a consensus rating of “Moderate Buy” by the thirty-eight research firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $157.96.

Several equities analysts recently weighed in on the stock. DA Davidson lifted their target price on shares of Airbnb from $150.00 to $162.00 and gave the company a “buy” rating in a report on Monday, May 11th. HC Wainwright upgraded shares of Airbnb to a “buy” rating in a report on Monday, May 4th. CICC Research assumed coverage on shares of Airbnb in a report on Friday, June 5th. They set an “outperform” rating and a $165.00 target price on the stock. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a report on Monday, May 4th. Finally, Tigress Financial reduced their target price on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating on the stock in a report on Wednesday, April 8th.

Check Out Our Latest Research Report on ABNB

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 265,000 shares of Airbnb stock in a transaction on Monday, June 1st. The shares were sold at an average price of $135.45, for a total transaction of $35,894,250.00. Following the transaction, the director owned 3,182,355 shares in the company, valued at approximately $431,049,984.75. The trade was a 7.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 88,366 shares of Airbnb stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total transaction of $12,884,646.46. Following the transaction, the insider owned 12,370 shares in the company, valued at $1,803,669.70. The trade was a 87.72% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,005,339 shares of company stock worth $273,061,091. 27.21% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently added to or reduced their stakes in the company. Merit Financial Group LLC lifted its holdings in shares of Airbnb by 72.1% during the fourth quarter. Merit Financial Group LLC now owns 32,994 shares of the company’s stock valued at $4,478,000 after purchasing an additional 13,818 shares in the last quarter. ARK Investment Management LLC lifted its holdings in Airbnb by 30.7% in the third quarter. ARK Investment Management LLC now owns 1,035,828 shares of the company’s stock valued at $125,770,000 after acquiring an additional 243,299 shares during the period. Victory Capital Management Inc. lifted its holdings in Airbnb by 14.6% in the third quarter. Victory Capital Management Inc. now owns 1,529,652 shares of the company’s stock valued at $185,730,000 after acquiring an additional 195,055 shares during the period. North Dakota State Investment Board bought a new position in Airbnb in the fourth quarter valued at about $2,785,000. Finally, North Star Asset Management Inc. lifted its holdings in Airbnb by 13.4% in the fourth quarter. North Star Asset Management Inc. now owns 78,564 shares of the company’s stock valued at $10,663,000 after acquiring an additional 9,294 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

Airbnb Stock Up 2.6%

Shares of NASDAQ:ABNB opened at $145.56 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb has a 1 year low of $110.81 and a 1 year high of $147.58. The stock has a market capitalization of $87.73 billion, a P/E ratio of 35.85, a PEG ratio of 1.52 and a beta of 1.16. The stock has a 50-day simple moving average of $137.36 and a 200-day simple moving average of $132.85.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 EPS. Equities analysts forecast that Airbnb will post 4.91 earnings per share for the current year.

Airbnb Company Profile

(Get Free Report)

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

See Also

Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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