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

Airbnb, Inc. (NASDAQ:ABNB) has been assigned a consensus recommendation of “Moderate Buy” from the forty ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation, twenty-five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $179.9677.

A number of analysts have recently weighed in on ABNB shares. Rosenblatt Securities began coverage on Airbnb in a research report on Tuesday, September 1st. They set a “buy” rating and a $220.00 target price for the company. Citigroup boosted their price target on Airbnb from $175.00 to $193.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Airbnb in a research report on Monday, August 31st. UBS Group increased their price objective on shares of Airbnb from $163.00 to $172.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, B. Riley Financial reissued a “buy” rating on shares of Airbnb in a report on Friday, August 7th.

Airbnb Stock Up 0.3%

NASDAQ ABNB opened at $170.65 on Thursday. 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 1-year low of $110.81 and a 1-year high of $193.45. The company has a 50 day moving average of $166.06 and a 200-day moving average of $146.12. The company has a market cap of $102.18 billion, a price-to-earnings ratio of 38.78, a PEG ratio of 1.96 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.11. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The business had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, equities research analysts expect that Airbnb will post 5.24 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Airbnb news, CEO Brian Chesky sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $173.61, for a total transaction of $3,472,200.00. Following the completion of the transaction, the chief executive officer directly owned 5,854 shares in the company, valued at $1,016,312.94. The trade was a 77.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Nathan Blecharczyk sold 13,615 shares of the company’s stock in a transaction on Monday, August 31st. The stock was sold at an average price of $187.27, for a total value of $2,549,681.05. Following the sale, the insider owned 20,567 shares of the company’s stock, valued at $3,851,582.09. The trade was a 39.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 1,992,946 shares of company stock worth $334,028,752. Corporate insiders own 27.21% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of the business. Entrust Financial LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its holdings in shares of Airbnb by 96.3% during the 1st quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock worth $27,000 after buying an additional 105 shares in the last quarter. Main Street Group LTD acquired a new stake in shares of Airbnb during the 1st quarter worth approximately $29,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of Airbnb in the 4th quarter valued at $31,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in shares of Airbnb in the 4th quarter valued at $31,000. Institutional investors own 80.76% of the company’s stock.

Key Stories Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Airbnb launched a $250 million Housing Accelerator to provide below-market, gap financing for stalled U.S. housing developments, particularly affordable and mixed-income projects. The company expects the program to help unlock up to $5 billion in housing capital over the next decade. Its initial investment is $6.4 million for 201 affordable units in Austin, Texas. The initiative could improve Airbnb’s relationship with policymakers and ease criticism that short-term rentals worsen housing affordability. Airbnb Launches $250 Million Housing Accelerator
• Positive Sentiment: CEO Brian Chesky described AI as potentially transformative for Airbnb, comparing its importance with electricity. The company believes AI can improve travel discovery, customer service and product personalization, although investors may want evidence that these benefits translate into faster growth or stronger margins. Airbnb’s CEO Says AI Is the Best Thing That Ever Happened to His Company
• Neutral Sentiment: The housing fund also includes support for zoning and permitting reforms, an annual housing-policy dataset and prizes for technologies that reduce construction costs. These efforts could produce longer-term regulatory benefits, but they require substantial capital and may not immediately affect Airbnb’s operating results. Airbnb Sets Up $250 Million Fund to Invest in Housing Construction
• Negative Sentiment: The European Commission proposed a framework that would give local governments clearer legal authority to restrict short-term rentals in housing-stressed areas. Restrictions in cities including Paris, Barcelona and Venice could reduce listings, limit supply growth and increase compliance costs for Airbnb across Europe. Europe’s Housing Crunch Tests Airbnb’s Business Model

Airbnb Company Profile

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.