Airbnb (NASDAQ:ABNB) Rating Increased to Hold at Wells Fargo & Company

Airbnb (NASDAQ:ABNB) was upgraded by analysts at Wells Fargo & Company from a “strong sell” rating to a “hold” rating in a report issued on Friday,Zacks.com reports.

Several other research firms have also commented on ABNB. UBS Group increased their price objective on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday, November 7th. BTIG Research reaffirmed a “neutral” rating on shares of Airbnb in a report on Friday, November 7th. Cantor Fitzgerald upgraded Airbnb from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $117.00 to $141.00 in a research report on Thursday. DA Davidson restated a “buy” rating and set a $155.00 price objective on shares of Airbnb in a research report on Friday, December 5th. Finally, Truist Financial raised their price objective on Airbnb from $104.00 to $107.00 and gave the company a “sell” rating in a research note on Thursday, December 4th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty-two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $146.92.

Airbnb Price Performance

NASDAQ ABNB opened at $139.27 on Friday. The stock has a market capitalization of $85.73 billion, a PE ratio of 33.08, a P/E/G ratio of 2.15 and a beta of 1.09. Airbnb has a 1-year low of $99.88 and a 1-year high of $163.93. The business has a 50 day simple moving average of $126.57 and a two-hundred day simple moving average of $127.71.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm had revenue of $4.10 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, analysts anticipate that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $120.66, for a total transaction of $28,475,760.00. Following the transaction, the director owned 232,015 shares of the company’s stock, valued at approximately $27,994,929.90. This represents a 50.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 51,230 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $131.16, for a total value of $6,719,326.80. Following the completion of the sale, the chief executive officer owned 45,854 shares in the company, valued at approximately $6,014,210.64. The trade was a 52.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,579,756 shares of company stock worth $193,545,739 over the last 90 days. Company insiders own 27.91% of the company’s stock.

Institutional Trading of Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the business. Kentucky Trust Co bought a new position in shares of Airbnb in the second quarter worth about $25,000. Aster Capital Management DIFC Ltd purchased a new stake in Airbnb in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock valued at $26,000 after buying an additional 83 shares during the period. Sunbelt Securities Inc. grew its stake in Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Finally, Wiser Advisor Group LLC purchased a new position in shares of Airbnb during the third quarter worth approximately $27,000. 80.76% of the stock is currently owned by institutional investors.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Barclays upgraded ABNB, citing potential tailwinds from RNPL initiatives, a hotel push and demand boosts from the World Cup — a near-term revenue catalyst for bookings. RNPL, hotel push and World Cup to boost Airbnb, Barclays upgrades stock
• Positive Sentiment: Cantor Fitzgerald upgraded the stock, adding institutional support to the bullish narrative and helping lift near-term sentiment. Cantor Fitzgerald upgrades Airbnb (ABNB)
• Positive Sentiment: Several analyst write-ups and upgrades (coverage summarized by Benzinga and other outlets) show the street moving less bearish, which supports buying interest. Breaking Down Airbnb: 13 Analysts Share Their Views
• Neutral Sentiment: Market coverage notes ABNB is outpacing the broader market recently, reflecting momentum but not necessarily a change in fundamentals. That can attract momentum traders. Airbnb, Inc. (ABNB) Outpaces Stock Market Gains: What You Should Know
• Neutral Sentiment: Tapasya Fund disclosed it sold ABNB in 2024 (fund-level decision). This appears to be reallocation rather than a fresh vote of no confidence, but it reduces one institutional holder. Tapasya Fund Sold Airbnb (ABNB) in 2024
• Negative Sentiment: Senior executives sold millions in company stock, which can be read as insider monetization and may spook some investors despite insider sales sometimes being routine. Airbnb’s (ABNB) Senior Executives Sell Millions Worth of Company Stock
• Negative Sentiment: Sanford C. Bernstein issued a pessimistic forecast for ABNB, highlighting downside risk and providing a counterweight to the upgrades; this keeps some investors cautious on valuation. Sanford C. Bernstein Issues Pessimistic Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.