Airbnb, Inc. (NASDAQ:ABNB) Receives $146.48 Average Price Target from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been assigned an average recommendation of “Hold” from the thirty-eight ratings firms that are covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $148.00.

Several equities research analysts have recently commented on ABNB shares. Hsbc Global Res raised Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Barclays lifted their price objective on Airbnb from $110.00 to $120.00 and gave the stock an “underweight” rating in a research note on Friday, February 14th. The Goldman Sachs Group raised Airbnb from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $110.00 to $153.00 in a research note on Friday, February 14th. Robert W. Baird raised Airbnb from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $140.00 to $175.00 in a research note on Friday, February 14th. Finally, Susquehanna lifted their price objective on Airbnb from $160.00 to $200.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th.

Airbnb Stock Down 5.1 %

NASDAQ ABNB opened at $125.44 on Friday. The stock has a fifty day moving average of $136.82 and a 200-day moving average of $132.94. The stock has a market capitalization of $79.09 billion, a P/E ratio of 30.37, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. On average, equities research analysts forecast that Airbnb will post 4.31 EPS for the current year.

Insiders Place Their Bets

In other news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $131.88, for a total value of $28,259,905.80. Following the transaction, the director now owns 1,285,715 shares of the company’s stock, valued at approximately $169,560,094.20. This represents a 14.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nathan Blecharczyk sold 183,078 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total value of $28,926,324.00. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at $26,046,300. The trade was a 52.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,054,509 shares of company stock valued at $290,940,989 over the last 90 days. 27.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in shares of Airbnb in the fourth quarter valued at approximately $25,000. Hollencrest Capital Management boosted its stake in shares of Airbnb by 6,666.7% in the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after buying an additional 200 shares during the period. Berbice Capital Management LLC bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $26,000. Park Square Financial Group LLC bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $26,000. Finally, Orion Capital Management LLC bought a new stake in shares of Airbnb in the fourth quarter valued at approximately $28,000. Institutional investors and hedge funds 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.