Airbnb, Inc. (NASDAQ:ABNB) Receives Average Rating of “Hold” from Brokerages

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been given an average rating of “Hold” by the thirty-seven ratings firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $147.00.

Several research firms have recently issued reports on ABNB. Bank of America upped their target price on shares of Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. HSBC upgraded shares of Airbnb from a “hold” rating to a “buy” rating in a research note on Friday, February 14th. Benchmark upped their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Finally, Morgan Stanley boosted their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 500 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total transaction of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Joseph Gebbia sold 19,448 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $137.14, for a total transaction of $2,667,098.72. Following the transaction, the director now owns 2,509 shares in the company, valued at $344,084.26. The trade was a 88.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,384,117 shares of company stock worth $185,055,042. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new position in Airbnb during the fourth quarter valued at approximately $25,000. Northwest Investment Counselors LLC bought a new position in Airbnb during the third quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at approximately $26,000. Hollencrest Capital Management grew its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Finally, Orion Capital Management LLC bought a new position in Airbnb during the fourth quarter valued at approximately $28,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Stock Performance

Shares of ABNB stock opened at $160.60 on Wednesday. The firm has a market capitalization of $101.82 billion, a PE ratio of 56.35, a price-to-earnings-growth ratio of 1.88 and a beta of 1.12. The firm has a fifty day simple moving average of $134.42 and a two-hundred day simple moving average of $130.45. 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 has a 12 month low of $110.38 and a 12 month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Analysts forecast that Airbnb will post 3.97 EPS for the current fiscal year.

Airbnb Company Profile

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.