Airbnb, Inc. (NASDAQ:ABNB) Receives Average Rating of “Moderate Buy” from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has earned a consensus rating of “Moderate Buy” from the forty research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, twenty-five have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $181.4194.

A number of brokerages have recently issued reports on ABNB. UBS Group increased their target price on Airbnb from $163.00 to $172.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Rosenblatt Securities assumed coverage on shares of Airbnb in a report on Tuesday, September 1st. They issued a “buy” rating and a $220.00 price target for the company. KeyCorp restated a “sector weight” rating on shares of Airbnb in a research report on Monday, August 10th. Morgan Stanley assumed coverage on shares of Airbnb in a report on Wednesday. They set an “equal weight” rating and a $170.00 price objective on the stock. Finally, BMO Capital Markets lifted their target price on shares of Airbnb from $146.00 to $165.00 and gave the company a “market perform” rating in a research report on Monday, August 10th.

Airbnb Stock Performance

NASDAQ ABNB opened at $167.51 on Thursday. The stock has a market capitalization of $100.30 billion, a price-to-earnings ratio of 38.07, a PEG ratio of 1.94 and a beta of 1.16. The stock has a 50-day moving average of $166.94 and a 200 day moving average of $146.59. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb has a twelve month low of $110.81 and a twelve month high of $193.45.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.Airbnb’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. Sell-side analysts anticipate that Airbnb will post 5.24 EPS for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, Director Joseph Gebbia Jr. sold 294,903 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the sale, the director directly owned 2,622,452 shares in the company, valued at approximately $389,250,550.36. The trade was a 10.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 531,000 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $174.41, for a total value of $92,611,710.00. Following the transaction, the insider directly owned 171,370 shares of the company’s stock, valued at $29,888,641.70. The trade was a 75.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,006,561 shares of company stock worth $336,375,433 in the last 90 days. Insiders own 27.21% of the company’s stock.

Institutional Trading of Airbnb

Large investors have recently made changes to their positions in the company. Norges Bank acquired a new position in Airbnb in the 4th quarter valued at about $480,332,000. Jennison Associates LLC increased its holdings in shares of Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after buying an additional 3,139,315 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Airbnb by 80.6% during the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock valued at $827,929,000 after buying an additional 2,581,539 shares during the period. Bank of New York Mellon Corp purchased a new stake in shares of Airbnb during the 2nd quarter valued at approximately $330,085,000. Finally, MKA Charitable Fund acquired a new position in Airbnb in the second quarter valued at approximately $232,515,606. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb is committing an initial $250 million to affordable and mixed-income housing projects, aiming to unlock up to $5 billion in investment over the next decade. The first $6.4 million investment will support 201 affordable units in Austin, Texas. The program may help address criticism that short-term rentals worsen housing affordability and could reduce regulatory pressure over time. Airbnb affordable housing fund article
• Positive Sentiment: The housing accelerator will begin in Austin and combine project financing with support for pro-housing policies, zoning reform and construction technology. Investors may view this as a potential long-term competitive and regulatory advantage, although the financial returns are not yet established. Airbnb Austin housing accelerator article
• Neutral Sentiment: Truist Financial maintained its Hold rating on ABNB, signaling that the analyst sees limited conviction for a material near-term move higher. Broader analyst commentary on consumer-cyclical companies also provides no clear bullish catalyst for Airbnb. Truist Airbnb Hold rating
• Negative Sentiment: Co-founder Nathan Blecharczyk sold 13,615 shares for approximately $2.35 million, reducing his position by 39.8%. While insider sales can reflect diversification or planned transactions, the sale may weigh on sentiment because it represents a substantial reduction in his holdings. Nathan Blecharczyk insider transaction

About Airbnb

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.