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

Airbnb, Inc. (NASDAQ:ABNB) has earned a consensus recommendation of “Hold” from the thirty-two analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $149.19.

ABNB has been the subject of several recent research reports. Piper Sandler upped their price target on Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a report on Wednesday, February 14th. Susquehanna raised their price target on Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a report on Wednesday, February 14th. Benchmark assumed coverage on Airbnb in a research report on Thursday, April 11th. They issued a “buy” rating and a $190.00 price objective on the stock. B. Riley Financial initiated coverage on Airbnb in a research report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 price objective on the stock. Finally, Wedbush restated a “neutral” rating and issued a $160.00 price target on shares of Airbnb in a research report on Thursday, April 18th.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the completion of the transaction, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total value of $93,498.00. Following the sale, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 22,170 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $169.18, for a total transaction of $3,750,720.60. Following the completion of the sale, the chief technology officer now owns 143,731 shares in the company, valued at approximately $24,316,410.58. The disclosure for this sale can be found here. Insiders sold a total of 463,674 shares of company stock valued at $73,516,515 over the last three months. Corporate insiders own 30.84% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. CVA Family Office LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the third quarter valued at approximately $27,000. Bfsg LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $27,000. Trust Co. of Vermont purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $27,000. Finally, Vima LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Up 1.2 %

NASDAQ:ABNB opened at $162.84 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb has a 1-year low of $103.55 and a 1-year high of $170.10. The business’s fifty day moving average price is $160.10 and its 200 day moving average price is $143.03. The firm has a market capitalization of $105.37 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.01 and a beta of 1.25.

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

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.