Airbnb (ABNB) – Analysts’ Recent Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Airbnb (NASDAQ: ABNB) in the last few weeks:

• 11/18/2024 – Airbnb had its price target raised by analysts at DA Davidson from $125.00 to $131.00. They now have a “neutral” rating on the stock.
• 11/12/2024 – Airbnb had its “reduce” rating reaffirmed by analysts at Phillip Securities. They now have a $120.00 price target on the stock.
• 11/11/2024 – Airbnb had its price target raised by analysts at Susquehanna from $130.00 to $160.00. They now have a “positive” rating on the stock.
• 11/11/2024 – Airbnb had its price target raised by analysts at Citigroup Inc. from $135.00 to $158.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Barclays PLC from $100.00 to $110.00. They now have an “underweight” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Wedbush from $135.00 to $155.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at JPMorgan Chase & Co. from $121.00 to $142.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Robert W. Baird from $120.00 to $140.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Piper Sandler from $125.00 to $145.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at TD Cowen from $150.00 to $155.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Airbnb had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $155.00 price target on the stock.
• 10/23/2024 – Airbnb had its price target raised by analysts at UBS Group AG from $134.00 to $144.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Airbnb had its price target raised by analysts at Jefferies Financial Group Inc. from $120.00 to $135.00. They now have a “hold” rating on the stock.
• 10/11/2024 – Airbnb had its “hold” rating reaffirmed by analysts at Bank of America Co.. They now have a $142.00 price target on the stock, up previously from $132.00.
• 10/8/2024 – Airbnb had its price target raised by analysts at Wells Fargo & Company from $100.00 to $102.00. They now have an “underweight” rating on the stock.
• 10/7/2024 – Airbnb had its “underweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $94.00 price target on the stock.

Airbnb Price Performance

ABNB stock traded up $0.28 during trading hours on Monday, hitting $136.39. 1,774,502 shares of the stock traded hands, compared to its average volume of 4,509,537. The stock has a 50-day simple moving average of $134.15 and a 200 day simple moving average of $135.25. Airbnb, Inc. has a one year low of $110.38 and a one year high of $170.10. The company has a market cap of $86.47 billion, a P/E ratio of 47.86, a P/E/G ratio of 1.93 and a beta of 1.15. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the business earned $2.39 EPS. Equities analysts forecast that Airbnb, Inc. will post 4.02 earnings per share for the current year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Brian Chesky sold 76,923 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $139.94, for a total value of $10,764,604.62. Following the sale, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 718,017 shares of company stock worth $91,842,052 in the last quarter. 27.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. New Millennium Group LLC acquired a new stake in shares of Airbnb during the 2nd quarter worth approximately $28,000. Cultivar Capital Inc. acquired a new stake in Airbnb in the 2nd quarter valued at $30,000. Northwest Investment Counselors LLC acquired a new stake in Airbnb in the 3rd quarter valued at $25,000. Hollencrest Capital Management boosted its stake in Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares in the last quarter. Finally, Unique Wealth Strategies LLC acquired a new stake in Airbnb in the 2nd quarter valued at $36,000. 80.76% of the stock is owned by institutional investors.

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.