Brokerages Set Airbnb, Inc. (NASDAQ:ABNB) Target Price at $133.45

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received a consensus recommendation of “Hold” from the thirty-one research firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $134.17.

ABNB has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research note on Wednesday, August 7th. Robert W. Baird decreased their price objective on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their price objective on shares of Airbnb from $129.00 to $100.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 7th. Finally, Truist Financial decreased their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th.

Insider Buying and Selling

In related news, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $750,000.00. Following the completion of the sale, the chief financial officer now owns 537,072 shares of the company’s stock, valued at approximately $64,448,640. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $72,000.00. Following the completion of the sale, the chief technology officer now owns 195,844 shares of the company’s stock, valued at $23,501,280. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Elinor Mertz sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the transaction, the chief financial officer now owns 537,072 shares of the company’s stock, valued at $64,448,640. The disclosure for this sale can be found here. In the last quarter, insiders sold 685,451 shares of company stock valued at $95,552,289. 27.83% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the business. Transcendent Capital Group LLC purchased a new position in shares of Airbnb during the 1st quarter valued at approximately $25,000. New Millennium Group LLC purchased a new position in shares of Airbnb during the 2nd quarter valued at approximately $28,000. Trust Co. of Vermont purchased a new position in shares of Airbnb during the 4th quarter valued at approximately $27,000. Westend Capital Management LLC purchased a new position in shares of Airbnb during the 1st quarter valued at approximately $33,000. Finally, Northwest Investment Counselors LLC bought a new position in Airbnb during the first quarter worth $33,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

NASDAQ:ABNB opened at $128.75 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The stock has a market cap of $82.92 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The firm’s fifty day simple moving average is $126.26 and its 200-day simple moving average is $145.03.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same period last year, the company earned $0.98 earnings per share. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. Analysts expect that Airbnb will post 4.39 earnings per share for the current fiscal year.

Airbnb Company Profile

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.