Airbnb, Inc. (NASDAQ:ABNB) Receives $134.23 Average PT from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has been assigned an average recommendation of “Hold” from the thirty-two research firms that are presently covering the firm, Marketbeat reports. Five analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $134.55.

ABNB has been the topic of several analyst reports. Morgan Stanley lifted their price target on shares of Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 23rd. B. Riley dropped their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Truist Financial lowered their target price on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Wells Fargo & Company upped their target price on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Finally, Barclays decreased their price target on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a report on Wednesday, August 7th.

Airbnb Stock Up 1.4 %

Airbnb stock opened at $135.15 on Thursday. Airbnb has a one year low of $110.38 and a one year high of $170.10. The stock has a fifty day moving average of $122.31 and a 200 day moving average of $140.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $87.04 billion, a PE ratio of 18.09, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The business had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the company earned $0.98 EPS. As a group, sell-side analysts predict that Airbnb will post 4.33 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 80,000 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $149.11, for a total value of $11,928,800.00. Following the transaction, the chief technology officer now owns 207,574 shares of the company’s stock, valued at $30,951,359.14. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 600,356 shares of company stock worth $79,180,338 over the last quarter. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Ossiam raised its stake in shares of Airbnb by 50.8% during the fourth quarter. Ossiam now owns 8,621 shares of the company’s stock valued at $1,174,000 after acquiring an additional 2,906 shares in the last quarter. Cresset Asset Management LLC raised its position in Airbnb by 14.9% during the 4th quarter. Cresset Asset Management LLC now owns 90,658 shares of the company’s stock valued at $12,342,000 after purchasing an additional 11,759 shares in the last quarter. Fullerton Fund Management Co Ltd. purchased a new stake in shares of Airbnb in the 4th quarter worth $14,872,000. Profund Advisors LLC grew its position in shares of Airbnb by 16.7% during the 4th quarter. Profund Advisors LLC now owns 60,521 shares of the company’s stock worth $8,239,000 after buying an additional 8,659 shares in the last quarter. Finally, Oracle Alpha Inc. purchased a new position in shares of Airbnb during the fourth quarter valued at $397,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.