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

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have been assigned an average rating of "Hold" from the thirty-four ratings firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, twenty have given a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $139.63.

A number of brokerages recently weighed in on ABNB. Phillip Securities reissued a "reduce" rating and issued a $120.00 price target on shares of Airbnb in a research note on Tuesday, November 12th. DA Davidson lifted their price target on Airbnb from $125.00 to $131.00 and gave the stock a "neutral" rating in a research note on Monday, November 18th. Raymond James began coverage on Airbnb in a research note on Friday, September 27th. They issued a "market perform" rating and a $134.00 price target on the stock. JMP Securities reissued a "market perform" rating on shares of Airbnb in a research note on Monday, December 16th. Finally, Jefferies Financial Group lifted their price target on Airbnb from $120.00 to $135.00 and gave the stock a "hold" rating in a research note on Tuesday, October 22nd.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares of the company's stock, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the business's stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $135.33, for a total value of $81,198.00. Following the completion of the transaction, the chief technology officer now directly owns 192,244 shares in the company, valued at approximately $26,016,380.52. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,130,982 shares of company stock worth $150,523,585 over the last three months. Company insiders own 27.83% of the company's stock.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the business. Salvus Wealth Management LLC lifted its stake in shares of Airbnb by 2.5% during the fourth quarter. Salvus Wealth Management LLC now owns 3,461 shares of the company's stock valued at $455,000 after acquiring an additional 84 shares during the period. Koshinski Asset Management Inc. lifted its stake in shares of Airbnb by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 2,305 shares of the company's stock valued at $292,000 after acquiring an additional 85 shares during the period. Edge Capital Group LLC lifted its stake in shares of Airbnb by 1.2% during the second quarter. Edge Capital Group LLC now owns 7,617 shares of the company's stock valued at $1,155,000 after acquiring an additional 87 shares during the period. Lazari Capital Management Inc. lifted its stake in shares of Airbnb by 3.6% during the second quarter. Lazari Capital Management Inc. now owns 2,517 shares of the company's stock valued at $382,000 after acquiring an additional 88 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in shares of Airbnb by 19.3% during the third quarter. First Horizon Advisors Inc. now owns 580 shares of the company's stock valued at $74,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Price Performance

NASDAQ:ABNB traded up $2.96 during mid-day trading on Friday, reaching $135.12. 3,740,209 shares of the stock were exchanged, compared to its average volume of 3,539,122. The business has a fifty day moving average price of $134.16 and a 200 day moving average price of $132.11. The firm has a market capitalization of $85.66 billion, a PE ratio of 47.41, a PEG ratio of 1.63 and a beta of 1.13. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same period in the previous year, the firm earned $2.39 earnings per share. Research analysts expect that Airbnb will post 3.99 earnings per share for the current fiscal year.

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.