Airbnb (NASDAQ:ABNB) Receives “Neutral” Rating from BTIG Research

Airbnb (NASDAQ:ABNB)‘s stock had its “neutral” rating reiterated by equities research analysts at BTIG Research in a research note issued to investors on Friday,Benzinga reports.

ABNB has been the topic of a number of other research reports. Phillip Securities upgraded Airbnb from a “moderate sell” rating to a “hold” rating in a research report on Friday, August 8th. Barclays set a $105.00 price objective on shares of Airbnb and gave the stock an “underweight” rating in a report on Thursday, August 7th. Wells Fargo & Company set a $110.00 price target on Airbnb and gave the stock an “underweight” rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price objective on Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a research note on Thursday, August 7th. Finally, Truist Financial lowered their target price on Airbnb from $106.00 to $104.00 and set a “sell” rating for the company in a report on Wednesday, September 3rd. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $141.70.

Airbnb Trading Down 1.6%

NASDAQ:ABNB opened at $120.53 on Friday. Airbnb has a twelve month low of $99.88 and a twelve month high of $163.93. The company has a market cap of $74.90 billion, a P/E ratio of 29.18, a P/E/G ratio of 2.23 and a beta of 1.11. The company’s 50-day moving average price is $124.09 and its 200-day moving average price is $128.63.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The firm’s revenue was up 9.9% compared to the same quarter last year. During the same period last year, the business earned $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. On average, analysts expect that Airbnb will post 4.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Elinor Mertz sold 12,184 shares of the firm’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $127.65, for a total value of $1,555,287.60. Following the completion of the sale, the chief financial officer owned 444,070 shares in the company, valued at approximately $56,685,535.50. This trade represents a 2.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction on Monday, October 13th. The stock was sold at an average price of $119.22, for a total value of $28,135,920.00. Following the transaction, the director directly owned 704,015 shares in the company, valued at $83,932,668.30. This represents a 25.11% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,446,760 shares of company stock worth $179,726,429. 27.91% of the stock is owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ABNB. Greenleaf Trust raised its holdings in shares of Airbnb by 34.5% in the first quarter. Greenleaf Trust now owns 2,858 shares of the company’s stock worth $341,000 after acquiring an additional 733 shares during the last quarter. LBP AM SA boosted its holdings in shares of Airbnb by 24.3% in the 1st quarter. LBP AM SA now owns 23,293 shares of the company’s stock valued at $2,783,000 after purchasing an additional 4,561 shares during the last quarter. Quotient Wealth Partners LLC grew its stake in shares of Airbnb by 22.4% during the 1st quarter. Quotient Wealth Partners LLC now owns 1,904 shares of the company’s stock valued at $227,000 after buying an additional 349 shares during the period. Alps Advisors Inc. increased its holdings in shares of Airbnb by 28.6% during the 1st quarter. Alps Advisors Inc. now owns 9,912 shares of the company’s stock worth $1,184,000 after buying an additional 2,202 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Airbnb by 80.6% in the 1st quarter. Cerity Partners LLC now owns 325,023 shares of the company’s stock worth $38,827,000 after buying an additional 145,089 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company’s marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.