Citigroup Raises Airbnb (NASDAQ:ABNB) Price Target to $175.00

Airbnb (NASDAQ:ABNBGet Free Report) had its price target raised by equities research analysts at Citigroup from $155.00 to $175.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 23.76% from the company’s current price.

ABNB has been the subject of a number of other reports. Wells Fargo & Company raised their target price on Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday. Royal Bank Of Canada raised their target price on Airbnb from $170.00 to $173.00 and gave the stock an “outperform” rating in a research report on Friday. Susquehanna upped their price target on shares of Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research note on Friday. Mizuho upped their price target on shares of Airbnb from $156.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, March 3rd. Finally, BMO Capital Markets upped their price target on shares of Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research note on Friday, February 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.42.

Check Out Our Latest Stock Analysis on ABNB

Airbnb Stock Up 0.7%

Airbnb stock traded up $0.94 during mid-day trading on Friday, reaching $141.40. 6,190,309 shares of the company’s stock were exchanged, compared to its average volume of 4,282,802. The business’s fifty day simple moving average is $133.41 and its 200 day simple moving average is $129.30. The firm has a market capitalization of $86.07 billion, a PE ratio of 35.09, a P/E/G ratio of 1.70 and a beta of 1.20. Airbnb has a one year low of $110.81 and a one year high of $147.25.

Airbnb (NASDAQ:ABNBGet Free Report) last released its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The firm had revenue of $2.68 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same period in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, sell-side analysts forecast that Airbnb will post 4.95 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 24,788 shares of Airbnb stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $145.86, for a total value of $3,615,577.68. Following the completion of the transaction, the insider directly owned 11,920 shares in the company, valued at approximately $1,738,651.20. The trade was a 67.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of Airbnb stock in a transaction on Monday, April 6th. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00. Following the completion of the transaction, the director owned 170,015 shares of the company’s stock, valued at approximately $21,449,092.40. This trade represents a 25.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 457,075 shares of company stock valued at $60,358,795. 27.21% of the stock is owned by company insiders.

Institutional Investors Weigh In On Airbnb

Several large investors have recently added to or reduced their stakes in ABNB. Aster Capital Management DIFC Ltd bought a new stake in Airbnb during the third quarter valued at $25,000. ORG Partners LLC boosted its stake in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock valued at $26,000 after buying an additional 96 shares during the period. Transamerica Financial Advisors LLC boosted its stake in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after buying an additional 112 shares during the period. Entrust Financial LLC bought a new stake in Airbnb during the fourth quarter valued at $27,000. Finally, Meeder Asset Management Inc. boosted its stake in Airbnb by 96.3% during the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after buying an additional 105 shares during the period. Institutional investors own 80.76% of the company’s stock.

Key Airbnb News

Here are the key news stories impacting Airbnb this week:

Airbnb Company Profile

(Get Free Report)

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.

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