Airbnb, Inc. (NASDAQ:ABNB) Receives $146.48 Average PT from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have been assigned a consensus recommendation of "Hold" from the thirty-eight analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation, twelve have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $146.48.

Several equities analysts have commented on the company. Susquehanna upped their price objective on Airbnb from $160.00 to $200.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. B. Riley upped their price objective on Airbnb from $131.00 to $145.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Baird R W raised Airbnb from a "hold" rating to a "strong-buy" rating in a research report on Friday, February 14th. Phillip Securities reaffirmed a "reduce" rating and issued a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. Finally, Morgan Stanley upped their price objective on Airbnb from $115.00 to $125.00 and gave the company an "underweight" rating in a research report on Monday, January 13th.

Airbnb Trading Down 0.3 %

Shares of NASDAQ ABNB traded down $0.38 during trading hours on Friday, hitting $134.39. 5,616,596 shares of the company traded hands, compared to its average volume of 4,386,382. The stock has a market capitalization of $84.74 billion, a price-to-earnings ratio of 32.54, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The company's 50 day moving average price is $136.94 and its 200 day moving average price is $132.66. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10.

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Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO David C. Bernstein sold 1,000 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total value of $137,000.00. Following the transaction, the chief accounting officer now directly owns 40,581 shares of the company's stock, valued at approximately $5,559,597. This represents a 2.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 230,772 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $161.16, for a total value of $37,191,215.52. Following the completion of the transaction, the chief executive officer now directly owns 12,000,913 shares in the company, valued at $1,934,067,139.08. This represents a 1.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,093,970 shares of company stock valued at $296,365,992. Company insiders own 27.83% of the company's stock.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Verde Capital Management grew its holdings in Airbnb by 25.3% during the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after acquiring an additional 4,269 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Airbnb during the third quarter worth about $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb during the third quarter worth about $6,352,000. Baltimore Washington Financial Advisors Inc. grew its holdings in Airbnb by 14.8% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company's stock worth $6,498,000 after acquiring an additional 6,357 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Airbnb by 40.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after acquiring an additional 197,558 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

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.