Airbnb, Inc. (NASDAQ:ABNB) Receives $157.67 Average Price Target from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has earned a consensus rating of “Moderate Buy” from the thirty-eight analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $157.76.

A number of analysts recently commented on ABNB shares. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a report on Friday, May 8th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Airbnb in a report on Friday, May 22nd. HSBC lowered Airbnb from a “hold” rating to a “hold” rating in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 target price on shares of Airbnb in a research note on Friday, May 8th. Finally, Barclays boosted their target price on Airbnb from $122.00 to $125.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th.

Airbnb Stock Performance

Shares of Airbnb stock opened at $134.43 on Tuesday. The business’s fifty day simple moving average is $134.38 and its 200 day simple moving average is $130.88. The firm has a market capitalization of $81.02 billion, a P/E ratio of 33.11, a price-to-earnings-growth ratio of 1.43 and a beta of 1.16. Airbnb has a 12 month low of $110.81 and a 12 month high of $147.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.32.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The business had revenue of $2.68 billion for the quarter, compared to the consensus estimate of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.The business’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.24 earnings per share. As a group, analysts anticipate that Airbnb will post 4.91 EPS for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 265,000 shares of the business’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the sale, the director directly owned 3,182,355 shares in the company, valued at $431,049,984.75. The trade was a 7.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 7,433 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $136.24, for a total value of $1,012,671.92. Following the completion of the sale, the chief financial officer owned 449,040 shares in the company, valued at approximately $61,177,209.60. The trade was a 1.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,635,218 shares of company stock worth $220,923,305 over the last ninety days. 27.21% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

Hedge funds have recently made changes to their positions in the company. Transamerica Financial Advisors LLC grew its position in shares of Airbnb by 143.6% in the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares in the last quarter. ORG Partners LLC grew its position in shares of Airbnb by 97.0% in the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after purchasing an additional 96 shares in the last quarter. Entrust Financial LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $27,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Airbnb in the third quarter valued at $25,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Airbnb in the fourth quarter valued at $29,000. 80.76% of the stock is currently owned by institutional investors.

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.