Airbnb (NASDAQ:ABNB) Given New $111.00 Price Target at Wells Fargo & Company

Airbnb (NASDAQ:ABNB) had its price objective boosted by stock analysts at Wells Fargo & Company from $110.00 to $111.00 in a report released on Friday,Benzinga reports. The firm presently has an “underweight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential downside of 8.19% from the stock’s current price.

Several other research firms also recently commented on ABNB. Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 target price on shares of Airbnb in a report on Friday. Jefferies Financial Group decreased their price target on shares of Airbnb from $165.00 to $160.00 and set a “buy” rating on the stock in a research note on Monday, August 11th. Wedbush reissued a “neutral” rating and set a $130.00 price objective on shares of Airbnb in a report on Friday. Barclays lifted their target price on Airbnb from $105.00 to $107.00 and gave the stock an “underweight” rating in a report on Friday. Finally, Phillip Securities raised Airbnb from a “moderate sell” rating to a “hold” rating in a research note on Friday, August 8th. Three investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $142.89.

Airbnb Trading Up 0.3%

Shares of ABNB traded up $0.37 during trading hours on Friday, reaching $120.90. 9,396,538 shares of the company’s stock traded hands, compared to its average volume of 5,152,519. Airbnb has a 12 month low of $99.88 and a 12 month high of $163.93. The stock has a market cap of $75.13 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.23 and a beta of 1.11. The firm’s 50 day simple moving average is $124.09 and its 200-day simple moving average is $128.63.

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

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the firm’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $128.47, for a total value of $30,318,920.00. Following the transaction, the director owned 468,015 shares of the company’s stock, valued at approximately $60,125,887.05. This trade represents a 33.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction on Tuesday, October 28th. The stock was sold at an average price of $130.00, for a total transaction of $975,000.00. Following the sale, the chief financial officer directly owned 436,570 shares of the company’s stock, valued at approximately $56,754,100. This trade represents a 1.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,446,760 shares of company stock worth $179,726,429 in the last ninety days. Insiders own 27.91% of the company’s stock.

Institutional Trading of Airbnb

Several hedge funds have recently bought and sold shares of ABNB. Kentucky Trust Co bought a new stake in shares of Airbnb during the 2nd quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Airbnb by 70.9% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after acquiring an additional 83 shares during the period. Concord Wealth Partners acquired a new position in Airbnb during the 2nd quarter worth $28,000. Whipplewood Advisors LLC boosted its holdings in Airbnb by 235.3% during the second quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock valued at $30,000 after acquiring an additional 160 shares during the period. Finally, Armstrong Advisory Group Inc. boosted its holdings in Airbnb by 363.6% during the second quarter. Armstrong Advisory Group Inc. now owns 255 shares of the company’s stock valued at $34,000 after acquiring an additional 200 shares during the period. 80.76% of the stock is currently owned by institutional investors.

Airbnb Company Profile

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.