Airbnb (NASDAQ:ABNB) Price Target Raised to $107.00 at Barclays

Airbnb (NASDAQ:ABNB) had its price target boosted by Barclays from $105.00 to $107.00 in a research report released on Friday,Benzinga reports. Barclays currently has an underweight rating on the stock.

ABNB has been the subject of several other research reports. BNP Paribas raised shares of Airbnb to a “hold” rating in a research report on Wednesday, July 16th. UBS Group increased their target price on Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research note on Friday. JPMorgan Chase & Co. upped their price target on Airbnb from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Wedbush reaffirmed a “neutral” rating and set a $130.00 price objective on shares of Airbnb in a research report on Friday. Finally, BMO Capital Markets set a $124.00 price target on shares of Airbnb and gave the company a “market perform” rating in a report on Thursday, August 7th. Three equities research 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 issued a Sell rating to the company. According to data from MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $142.44.

Airbnb Stock Up 0.3%

Shares of NASDAQ:ABNB traded up $0.35 on Friday, hitting $120.88. 11,751,542 shares of the company traded hands, compared to its average volume of 4,628,743. The stock has a 50 day simple moving average of $123.89 and a 200-day simple moving average of $128.70. The company has a market cap of $75.12 billion, a PE ratio of 28.71, a PEG ratio of 2.20 and a beta of 1.11. Airbnb has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). The firm had revenue of $4.10 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.71%. The business’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same period last year, the company posted $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. As a group, sell-side analysts anticipate that Airbnb will post 4.31 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 236,000 shares of the company’s stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $128.47, for a total transaction of $30,318,920.00. Following the completion of the sale, the director owned 468,015 shares of the company’s stock, valued at $60,125,887.05. This represents a 33.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $125.47, for a total transaction of $75,282.00. Following the completion of the transaction, the chief technology officer directly owned 196,006 shares in the company, valued at approximately $24,592,872.82. The trade was a 0.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,446,760 shares of company stock worth $179,726,429 in the last three months. 27.91% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Harris Associates L P lifted its position in Airbnb by 86.0% during the first quarter. Harris Associates L P now owns 9,944,948 shares of the company’s stock valued at $1,188,024,000 after purchasing an additional 4,598,125 shares in the last quarter. Norges Bank bought a new position in shares of Airbnb in the second quarter worth about $483,644,000. Pacer Advisors Inc. lifted its position in shares of Airbnb by 2,297.4% during the 1st quarter. Pacer Advisors Inc. now owns 2,801,899 shares of the company’s stock valued at $334,715,000 after buying an additional 2,685,026 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Airbnb by 81.0% during the 1st quarter. AQR Capital Management LLC now owns 4,282,523 shares of the company’s stock valued at $500,755,000 after acquiring an additional 1,916,676 shares during the period. Finally, Amundi increased its holdings in Airbnb by 112.3% in the 2nd quarter. Amundi now owns 2,670,251 shares of the company’s stock worth $361,525,000 after acquiring an additional 1,412,608 shares in the last quarter. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

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.