Shares of Airbnb, Inc. (NASDAQ:ABNB) have been assigned an average rating of “Hold” from the forty-one brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and twenty have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $187.19.
Several research analysts recently commented on ABNB shares. Piper Sandler raised their price target on shares of Airbnb from $175.00 to $215.00 and gave the company an “overweight” rating in a report on Sunday, November 7th. Truist Securities raised their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “hold” rating in a report on Monday, November 8th. JPMorgan Chase & Co. started coverage on shares of Airbnb in a report on Monday, September 27th. They issued a “neutral” rating and a $170.00 price target on the stock. Robert W. Baird reiterated a “buy” rating and set a $200.00 price objective on shares of Airbnb in a research note on Friday, September 24th. Finally, Susquehanna Bancshares lifted their price objective on shares of Airbnb from $200.00 to $235.00 and gave the company a “positive” rating in a research note on Monday, November 8th.
Shares of NASDAQ ABNB opened at $179.89 on Thursday. The stock has a market cap of $114.30 billion and a price-to-earnings ratio of -14.89. Airbnb has a 52 week low of $121.50 and a 52 week high of $219.94. The company’s 50-day moving average price is $177.37 and its 200 day moving average price is $157.79. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.45.
Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Wednesday, November 3rd. The company reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.38. The company had revenue of $2.24 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a negative net margin of 80.74% and a negative return on equity of 102.24%. The firm’s quarterly revenue was up 66.7% compared to the same quarter last year. As a group, research analysts expect that Airbnb will post 0.41 earnings per share for the current year.
In other news, CTO Aristotle N. Balogh sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 1st. The stock was sold at an average price of $154.84, for a total transaction of $619,360.00. Following the transaction, the chief technology officer now owns 325,164 shares of the company’s stock, valued at $50,348,393.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey D. Jordan sold 35,000 shares of the stock in a transaction dated Tuesday, November 16th. The shares were sold at an average price of $205.59, for a total value of $7,195,650.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 871,430 shares of company stock worth $156,972,003. Company insiders own 36.30% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC raised its holdings in Airbnb by 145.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 2,700 shares of the company’s stock valued at $507,000 after acquiring an additional 1,600 shares in the last quarter. Amundi Asset Management US Inc. acquired a new position in shares of Airbnb in the 1st quarter valued at about $2,921,000. Eaton Vance Management acquired a new position in shares of Airbnb in the 1st quarter valued at about $28,000. D. E. Shaw & Co. Inc. acquired a new position in Airbnb during the 1st quarter worth approximately $1,263,000. Finally, Canada Pension Plan Investment Board acquired a new position in Airbnb during the 1st quarter worth approximately $2,124,000. Hedge funds and other institutional investors own 25.68% of the company’s stock.
About Airbnb
Airbnb, Inc, together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company’s marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.