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Airbnb, Inc. (NASDAQ:ABNB) Receives Consensus Rating of "Hold" from Analysts

Airbnb logo with Consumer Discretionary background

Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) has earned a consensus rating of "Hold" from the thirty-two brokerages that are presently covering the firm, Marketbeat Ratings reports. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $138.97.

ABNB has been the subject of a number of analyst reports. BMO Capital Markets decreased their price objective on shares of Airbnb from $151.00 to $130.00 and set a "market perform" rating for the company in a research report on Wednesday, August 7th. Benchmark reaffirmed a "buy" rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Royal Bank of Canada lowered their price objective on Airbnb from $150.00 to $120.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Truist Financial cut their target price on Airbnb from $134.00 to $124.00 and set a "hold" rating on the stock in a research report on Wednesday, September 4th.

View Our Latest Analysis on ABNB

Airbnb Trading Down 1.6 %

Shares of Airbnb stock traded down $2.17 during trading on Friday, hitting $136.11. The stock had a trading volume of 2,664,193 shares, compared to its average volume of 4,521,642. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. The firm's fifty day simple moving average is $133.86 and its 200-day simple moving average is $135.47. The stock has a market cap of $86.29 billion, a PE ratio of 48.52, a PEG ratio of 1.96 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm earned $2.39 earnings per share. As a group, sell-side analysts expect that Airbnb will post 4.02 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Elinor Mertz sold 6,250 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $750,000.00. Following the completion of the transaction, the chief financial officer now directly owns 537,072 shares in the company, valued at approximately $64,448,640. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction on Monday, November 25th. The stock was sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the sale, the chief executive officer now owns 12,616,300 shares in the company, valued at $1,765,525,022. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 718,017 shares of company stock valued at $91,842,052 over the last ninety days. Corporate insiders own 27.83% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ABNB. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the third quarter worth about $25,000. Hollencrest Capital Management raised its stake in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company's stock worth $26,000 after purchasing an additional 200 shares in the last quarter. New Millennium Group LLC bought a new position in shares of Airbnb in the 2nd quarter valued at about $28,000. Cultivar Capital Inc. acquired a new position in shares of Airbnb during the 2nd quarter worth approximately $30,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter worth about $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

(Get Free Report

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.

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