Airbnb, Inc. (NASDAQ:ABNB) Receives $147.58 Consensus Target Price from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have earned an average recommendation of “Hold” from the thirty-two ratings firms that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $147.58.

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Airbnb from $118.00 to $140.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Wells Fargo & Company lifted their target price on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. B. Riley started coverage on Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 target price on the stock. Finally, BMO Capital Markets lifted their target price on Airbnb from $134.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 14th.

Airbnb Price Performance

NASDAQ ABNB opened at $156.61 on Thursday. Airbnb has a fifty-two week low of $103.55 and a fifty-two week high of $170.10. The stock’s 50-day moving average is $159.60 and its two-hundred day moving average is $142.65. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.66 and a quick ratio of 1.66. The firm has a market cap of $101.34 billion, a P/E ratio of 21.63, a price-to-earnings-growth ratio of 1.99 and a beta of 1.25.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The company had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. On average, analysts anticipate that Airbnb will post 4.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Nathan Blecharczyk sold 60,000 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the sale, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Aristotle N. Balogh sold 75,500 shares of Airbnb stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the transaction, the chief technology officer now owns 146,131 shares in the company, valued at $22,695,605.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 463,674 shares of company stock worth $73,516,515. Corporate insiders own 30.84% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. lifted its holdings in Airbnb by 16.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 106,757 shares of the company’s stock valued at $17,611,000 after buying an additional 15,273 shares during the period. PFG Investments LLC acquired a new position in Airbnb in the first quarter valued at $445,000. Maryland State Retirement & Pension System lifted its holdings in Airbnb by 3.0% in the first quarter. Maryland State Retirement & Pension System now owns 32,508 shares of the company’s stock valued at $5,097,000 after buying an additional 956 shares during the period. First Trust Direct Indexing L.P. lifted its holdings in Airbnb by 32.9% in the first quarter. First Trust Direct Indexing L.P. now owns 8,189 shares of the company’s stock valued at $1,351,000 after buying an additional 2,027 shares during the period. Finally, Norden Group LLC lifted its holdings in Airbnb by 2,156.2% in the first quarter. Norden Group LLC now owns 352,526 shares of the company’s stock valued at $58,153,000 after buying an additional 336,901 shares during the period. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.