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

Shares of Airbnb, Inc. (NASDAQ:ABNB) have earned an average rating of “Hold” from the thirty-seven brokerages that are currently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a sell rating, twenty have issued a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $145.79.

A number of research firms have weighed in on ABNB. UBS Group upped their target price on Airbnb from $143.00 to $160.00 and gave the stock a “neutral” rating in a report on Friday. Piper Sandler upped their target price on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. B. Riley upped their target price on Airbnb from $131.00 to $145.00 and gave the stock a “neutral” rating in a report on Friday. Jefferies Financial Group upped their target price on Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Finally, Bank of America upped their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a report on Wednesday, December 18th.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 190,301 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total value of $26,739,193.51. Following the transaction, the chief executive officer now directly owns 12,231,685 shares of the company’s stock, valued at approximately $1,718,674,059.35. This trade represents a 1.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the completion of the transaction, the chief technology officer now directly owns 182,614 shares in the company, valued at approximately $23,401,984.10. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,608,005 shares of company stock valued at $214,394,023. 27.83% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently bought and sold shares of the business. Meiji Yasuda Life Insurance Co increased its stake in Airbnb by 56.4% in the 4th quarter. Meiji Yasuda Life Insurance Co now owns 3,523 shares of the company’s stock worth $463,000 after buying an additional 1,270 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in Airbnb in the 4th quarter worth $4,139,000. Davidson Kahn Capital Management LLC purchased a new stake in Airbnb in the 4th quarter worth $936,000. Comerica Bank increased its stake in Airbnb by 10.2% in the 4th quarter. Comerica Bank now owns 93,890 shares of the company’s stock worth $12,338,000 after buying an additional 8,719 shares in the last quarter. Finally, Utah Retirement Systems increased its stake in Airbnb by 0.3% in the 4th quarter. Utah Retirement Systems now owns 60,100 shares of the company’s stock worth $7,898,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 14.4 %

ABNB opened at $161.42 on Wednesday. The business has a 50 day simple moving average of $133.49 and a two-hundred day simple moving average of $130.04. The firm has a market capitalization of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. Analysts predict that Airbnb will post 3.97 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.