Airbnb, Inc. (NASDAQ:ABNB) Given Consensus Rating of “Hold” by Brokerages

Airbnb, Inc. (NASDAQ:ABNB) has been assigned an average recommendation of “Hold” from the thirty-seven ratings firms that are presently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, seventeen have issued a hold recommendation, thirteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $147.28.

ABNB has been the topic of a number of research analyst reports. UBS Group raised their price target on Airbnb from $143.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Airbnb from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $153.00 in a research report on Friday, February 14th. Tigress Financial increased their price objective on shares of Airbnb from $195.00 to $200.00 and gave the company a “buy” rating in a report on Friday, March 14th. Jefferies Financial Group raised Airbnb from a “hold” rating to a “buy” rating and boosted their target price for the stock from $165.00 to $185.00 in a report on Monday, March 10th. Finally, Robert W. Baird decreased their price target on Airbnb from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th.

Insider Activity

In other news, CFO Elinor Mertz sold 6,250 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $137.00, for a total transaction of $856,250.00. Following the transaction, the chief financial officer now owns 491,238 shares of the company’s stock, valued at $67,299,606. This represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Aristotle N. Balogh sold 700 shares of Airbnb stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.35, for a total transaction of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares of the company’s stock, valued at approximately $25,001,039.90. This represents a 0.38 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,250,894 shares of company stock worth $314,940,768. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. Kera Capital Partners Inc. boosted its holdings in Airbnb by 4.4% in the 1st quarter. Kera Capital Partners Inc. now owns 2,400 shares of the company’s stock valued at $287,000 after purchasing an additional 101 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Airbnb by 35.4% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,200 shares of the company’s stock worth $143,000 after acquiring an additional 314 shares in the last quarter. Fairtree Asset Management Pty Ltd acquired a new stake in Airbnb in the fourth quarter worth $431,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Airbnb by 82.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,493 shares of the company’s stock worth $6,898,000 after acquiring an additional 23,723 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC bought a new position in Airbnb during the 4th quarter valued at $304,000. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Trading Up 1.3 %

Shares of NASDAQ ABNB opened at $122.80 on Thursday. The company has a market cap of $77.43 billion, a price-to-earnings ratio of 29.73, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. The stock’s 50 day simple moving average is $134.55 and its 200 day simple moving average is $133.79. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. Airbnb has a 12-month low of $110.38 and a 12-month high of $166.74.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Equities research analysts expect that Airbnb will post 4.31 EPS for the current 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.