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

Airbnb, Inc. (NASDAQ:ABNB) has received a consensus rating of “Hold” from the thirty-one ratings firms that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $134.17.

A number of research firms recently issued reports on ABNB. Cantor Fitzgerald started coverage on Airbnb in a report on Thursday, September 5th. They set an “underweight” rating and a $94.00 price objective for the company. Mizuho lowered their target price on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a report on Friday, September 13th. JPMorgan Chase & Co. reduced their price target on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. UBS Group reduced their price target on Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Piper Sandler reduced their price target on Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at $23,579,141.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Joseph Gebbia sold 5,442 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were sold at an average price of $150.00, for a total value of $816,300.00. Following the completion of the sale, the director now owns 42,087 shares in the company, valued at $6,313,050. The disclosure for this sale can be found here. Insiders sold a total of 449,332 shares of company stock worth $67,263,009 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in Airbnb by 2.4% in the first quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after buying an additional 791,149 shares in the last quarter. Edgewood Management LLC increased its position in shares of Airbnb by 20.8% during the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock worth $1,690,556,000 after purchasing an additional 2,135,529 shares in the last quarter. Jennison Associates LLC increased its position in shares of Airbnb by 57.9% during the first quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after purchasing an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Airbnb by 158.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after purchasing an additional 3,558,178 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Airbnb during the fourth quarter worth about $619,584,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Stock Performance

NASDAQ:ABNB opened at $122.12 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The stock’s 50 day simple moving average is $126.85 and its two-hundred day simple moving average is $145.19. The company has a market cap of $78.65 billion, a price-to-earnings ratio of 16.35, a PEG ratio of 1.54 and a beta of 1.16.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). The firm 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%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.98 EPS. As a group, equities analysts anticipate that Airbnb will post 4.39 earnings per share 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.