Airbnb, Inc. (NASDAQ:ABNB) Receives $139.48 Average Price Target from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have earned an average rating of “Hold” from the thirty-three analysts that are currently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $139.48.

Several equities analysts have recently weighed in on ABNB shares. JMP Securities restated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Mizuho decreased their price target on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Citigroup upped their price target on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. Cantor Fitzgerald reissued an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research note on Monday, October 7th. Finally, Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $131.81 on Tuesday. The stock has a market cap of $83.56 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 1.93 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The stock’s 50 day moving average price is $135.66 and its 200 day moving average price is $133.70.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the prior year, the firm posted $2.39 EPS. Equities research analysts anticipate that Airbnb will post 3.99 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $130.15, for a total value of $78,090.00. Following the completion of the sale, the chief technology officer now directly owns 194,044 shares in the company, valued at approximately $25,254,826.60. The trade was a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 682,211 shares of company stock worth $90,971,896. 27.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently bought and sold shares of ABNB. Northwest Investment Counselors LLC bought a new stake in Airbnb during the 3rd quarter valued at approximately $25,000. Hollencrest Capital Management lifted its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of Airbnb in the third quarter valued at approximately $30,000. Quarry LP acquired a new stake in shares of Airbnb in the third quarter worth $55,000. Finally, Meeder Asset Management Inc. increased its position in Airbnb by 73.6% during the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock worth $57,000 after acquiring an additional 159 shares during the period. 80.76% of the stock is currently owned by institutional investors.

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.