Airbnb, Inc. (NASDAQ: ABNB) Given the consensus recommendation to “hold” by analysts
Airbnb, Inc. (NASDAQ: ABNB) has received a consensus recommendation to “Hold” by the thirty-nine rating agencies that cover the company, reports MarketBeat. One research analyst rated the stock with a sell rating, twenty assigned a conservation rating, and seventeen assigned a buy rating to the company. The twelve-month average price target among brokerage firms that reported on the stock in the past year is $ 170.19.
A number of research analysts have weighed in on the stock recently. Piper Sandler lowered her price target on Airbnb shares from $ 198.00 to $ 175.00 and set an “overweight” rating for the company in a research report released on Friday, May 14. Mizuho lowered his price target on Airbnb shares from $ 176.00 to $ 165.00 and set a “neutral” rating for the company in a report released on Friday, May 14. The Royal Bank of Canada reaffirmed a “buy” note and issued a price target of $ 170.00 on Airbnb shares in a report released on Friday, July 16. Barclays lowered its price target on Airbnb shares from $ 180.00 to $ 140.00 and set an “equal weight” rating for the company in a report released on Friday, May 14. They noted that the move was an appraisal call. Finally, Morgan Stanley raised its price target on Airbnb shares from $ 125 to $ 140.00 and gave the stock an “equal weight” rating in a report released on Tuesday, August 17.
In other Airbnb news, insider Nathan Blecharczyk sold 122,309 shares of the company in a trade on Wednesday, July 21. The shares were sold at an average price of $ 140.00, for a total value of $ 17,123,260.00. The sale was disclosed in a document filed with the SEC, which is available on the SEC’s website. In addition, director Belinda J. Johnson sold 50,000 shares of the company in a transaction on Tuesday, August 24. The stock was sold at an average price of $ 159.00, for a total transaction of $ 7,950,000.00. Following the closing of the sale, the director now directly owns 5,074 shares of the company, valued at approximately $ 806,766. Disclosure of this sale can be found here. During the last quarter, insiders sold 3,089,569 shares of the company valued at $ 453,446,004. 36.30% of the shares are held by insiders.
Several institutional investors and hedge funds have recently changed their positions in ABNB. DekaBank Deutsche Girozentrale bought a new stake in Airbnb shares during the 1st quarter for a value of approximately $ 630,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Airbnb shares during the 1st quarter for a value of approximately $ 1,612,000. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Airbnb shares by 1,483.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 171,011 shares of the company valued at $ 32,140,000 after purchasing an additional 160,208 shares in the last quarter. IFP Advisors Inc increased its stake in Airbnb shares by 210.7% during the 1st quarter. IFP Advisors Inc now owns 1,398 shares of the company valued at $ 267,000 after purchasing 948 additional shares during the last quarter. Finally, Signaturefd LLC increased its stake in Airbnb shares by 34.1% during the 1st quarter. Signaturefd LLC now owns 413 shares of the company valued at $ 78,000 after purchasing 105 additional shares in the last quarter. 25.22% of the shares are currently held by hedge funds and other institutional investors.
Airbnb stock opened at $ 165.20 on Friday. Airbnb has a twelve month low of $ 121.50 and a twelve month high of $ 219.94. The company has a 50-day moving average price of $ 148.34 and a 200-day moving average price of $ 159.45. The company has a market cap of $ 103.85 billion and a P / E ratio of -10.64. The company has a quick ratio of 1.48, a current ratio of 1.48, and a debt ratio of 0.58.
Airbnb (NASDAQ: ABNB) last published its results on Wednesday, August 11. The company reported ($ 0.11) earnings per share for the quarter, beating Zacks’ consensus estimate ($ 0.47) by $ 0.36. Stock analysts expect Airbnb to post EPS of -0.24 for the current fiscal year.
Airbnb Company Profile
Airbnb, Inc., along with its subsidiaries, operates a travel and experiences platform for guests around the world. The company’s market model connects hosts and guests online or through mobile devices to book spaces and experiences. It mainly offers private rooms and luxury villas. The company was previously known as AirBed & Breakfast, Inc and changed its name to Airbnb, Inc in November 2010.
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