Airbnb (NASDAQ:ABNB) Given Outperform Rating at Wedbush

Wedbush reissued their outperform rating on shares of Airbnb (NASDAQ:ABNB) in a research note published on Tuesday, Marketbeat reports. The firm currently has a $165.00 price objective on the stock.

ABNB has been the subject of a number of other reports. DA Davidson reissued a neutral rating and issued a $145.00 target price on shares of Airbnb in a research note on Thursday, May 9th. UBS Group raised their target price on shares of Airbnb from $143.00 to $157.00 and gave the stock a neutral rating in a report on Thursday, May 9th. Truist Financial upped their price target on shares of Airbnb from $131.00 to $134.00 and gave the company a hold rating in a report on Thursday, May 30th. TD Cowen dropped their price objective on shares of Airbnb from $180.00 to $170.00 and set a buy rating on the stock in a report on Thursday, May 9th. Finally, Piper Sandler reaffirmed a neutral rating and issued a $155.00 target price (up from $145.00) on shares of Airbnb in a research note on Thursday, May 9th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Airbnb has a consensus rating of Hold and a consensus target price of $152.24.

Airbnb Price Performance

Airbnb stock opened at $128.23 on Tuesday. 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 firm has a market capitalization of $82.59 billion, a P/E ratio of 17.17, a PEG ratio of 1.72 and a beta of 1.18. The business has a 50-day moving average of $147.05 and a 200-day moving average of $152.06. Airbnb has a 1 year low of $113.24 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share (EPS) for the quarter, beating 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 business’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 earnings per share. On average, equities analysts anticipate that Airbnb will post 4.66 EPS for the current year.

Insider Buying and Selling

In other news, insider Aristotle N. Balogh 600 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $151.95, for a total transaction of $17,532,750.75. Following the completion of the sale, the chief executive officer now owns 13,914,302 shares of the company’s stock, valued at approximately $2,114,278,188.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Aristotle N. Balogh 600 shares of Airbnb stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Over the last 90 days, insiders sold 735,492 shares of company stock worth $109,423,324. Company insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. Transcendent Capital Group LLC acquired a new stake in Airbnb during the 1st quarter worth approximately $25,000. Bfsg LLC bought a new position in Airbnb during the 4th quarter worth $27,000. Trust Co. of Vermont acquired a new stake in shares of Airbnb during the fourth quarter worth $27,000. New Millennium Group LLC bought a new stake in shares of Airbnb in the second quarter valued at about $28,000. Finally, Vima LLC acquired a new position in shares of Airbnb in the fourth quarter valued at about $29,000. 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.