Airbnb, Inc. (NASDAQ:ABNB) Receives $139.63 Consensus Target Price from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has received a consensus rating of “Hold” from the thirty-four analysts that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $139.63.

A number of research analysts have recently weighed in on the company. Barclays raised their price objective on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research report on Friday, November 8th. Wedbush upped their price target on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Friday, November 8th. Citigroup upped their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, Truist Financial dropped their price target on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th.

Airbnb Price Performance

Shares of ABNB opened at $127.09 on Friday. The stock has a market cap of $80.57 billion, a PE ratio of 44.59, a price-to-earnings-growth ratio of 1.80 and a beta of 1.13. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm’s 50-day simple moving average is $133.97 and its two-hundred day simple moving average is $131.39.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the company posted $2.39 EPS. Analysts anticipate that Airbnb will post 3.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, CEO Brian Chesky sold 76,923 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $139.94, for a total transaction of $10,764,604.62. Following the transaction, the chief executive officer now directly owns 12,616,300 shares in the company, valued at approximately $1,765,525,022. This trade represents a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the transaction, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This trade represents a 41.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,169,543 shares of company stock valued at $155,659,368. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Several institutional investors and hedge funds have recently bought and sold shares of ABNB. Edgewood Management LLC grew its holdings in shares of Airbnb by 9.2% during the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after buying an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC increased its holdings in Airbnb by 1.6% in the third quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after buying an additional 146,761 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Airbnb by 4.7% during the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock worth $519,044,000 after buying an additional 153,784 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Airbnb by 2.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock valued at $343,185,000 after purchasing an additional 52,358 shares in the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.