Airbnb, Inc. (NASDAQ:ABNB) Receives $144.48 Consensus Price Target from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been given a consensus recommendation of “Hold” by the thirty-nine research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $144.48.

A number of research analysts recently issued reports on ABNB shares. UBS Group lifted their price target on shares of Airbnb from $145.00 to $147.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. BNP Paribas Exane started coverage on shares of Airbnb in a report on Monday, November 24th. They issued a “neutral” rating on the stock. Jefferies Financial Group boosted their target price on shares of Airbnb from $160.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, December 5th. BNP Paribas began coverage on Airbnb in a report on Monday, November 24th. They issued a “hold” rating on the stock. Finally, KeyCorp initiated coverage on Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating on the stock.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 36,370 shares of the stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $123.24, for a total value of $4,482,238.80. Following the transaction, the insider directly owned 11,520 shares in the company, valued at $1,419,724.80. This represents a 75.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Aristotle N. Balogh sold 2,565 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $134.79, for a total transaction of $345,736.35. Following the sale, the chief technology officer owned 165,086 shares of the company’s stock, valued at $22,251,941.94. This represents a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,576,606 shares of company stock worth $193,108,240. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Kentucky Trust Co acquired a new position in Airbnb in the second quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Airbnb by 70.9% during the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Airbnb in the 3rd quarter valued at about $25,000. Concord Wealth Partners purchased a new stake in Airbnb during the 2nd quarter valued at approximately $28,000. Finally, Sunbelt Securities Inc. raised its stake in Airbnb by 397.7% during the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock valued at $27,000 after acquiring an additional 175 shares during the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Price Performance

ABNB opened at $135.87 on Friday. The business has a fifty day moving average price of $125.65 and a 200 day moving average price of $127.46. Airbnb has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market capitalization of $83.63 billion, a price-to-earnings ratio of 32.27, a PEG ratio of 2.06 and a beta of 1.09.

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

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.