Airbnb, Inc. (NASDAQ:ABNB) Receives $152.50 Consensus Price Target from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received a consensus rating of “Hold” from the twenty-nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and seven have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $152.24.

Several brokerages have recently commented on ABNB. Morgan Stanley raised their target price on Airbnb from $120.00 to $130.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 23rd. Piper Sandler restated a “neutral” rating and set a $155.00 price target (up from $145.00) on shares of Airbnb in a report on Thursday, May 9th. Piper Sandler Companies upped their price objective on shares of Airbnb from $145.00 to $155.00 and gave the company a “neutral” rating in a research note on Thursday, May 9th. Truist Financial lifted their target price on shares of Airbnb from $131.00 to $134.00 and gave the company a “hold” rating in a research note on Thursday, May 30th. Finally, Wells Fargo & Company increased their price objective on Airbnb from $127.00 to $129.00 and gave the stock an “underweight” rating in a report on Tuesday, July 9th.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Aristotle N. Balogh 600 shares of the firm’s stock in a transaction on Tuesday, July 30th. The was disclosed in a legal filing with the SEC, which is available through this link. In related news, CAO David C. Bernstein sold 2,000 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $145.50, for a total value of $291,000.00. Following the completion of the transaction, the chief accounting officer now owns 45,043 shares of the company’s stock, valued at $6,553,756.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Aristotle N. Balogh 600 shares of the company’s stock in a transaction on Tuesday, July 30th. The disclosure for this trade can be found here. Insiders sold a total of 735,492 shares of company stock valued at $109,423,324 in the last quarter. Corporate insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently added to or reduced their stakes in the company. Norges Bank acquired a new position in Airbnb in the fourth quarter worth $619,584,000. Jennison Associates LLC grew its holdings in Airbnb by 57.9% during the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after acquiring an additional 3,899,179 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after acquiring an additional 3,558,178 shares in the last quarter. Edgewood Management LLC raised its stake in shares of Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after acquiring an additional 2,135,529 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Airbnb by 19,052.8% during the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after purchasing an additional 1,684,646 shares in the last quarter. 80.76% of the stock is owned by institutional investors.

Airbnb Price Performance

Shares of Airbnb stock opened at $128.23 on Friday. Airbnb has a 52 week low of $113.24 and a 52 week high of $170.10. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $147.05 and its two-hundred day moving average price is $152.06. The stock has a market cap of $82.59 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.72 and a beta of 1.18.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. The firm had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a net margin of 48.23% and a return on equity of 39.37%. The firm’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Airbnb will post 4.66 EPS for the current fiscal year.

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.