Airbnb, Inc. (NASDAQ:ABNB) Receives $159.65 Consensus Target Price from Brokerages

Shares of Airbnb, Inc. (NASDAQ:ABNB) have been assigned an average rating of “Moderate Buy” from the thirty-nine ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, twenty-three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $160.2308.

ABNB has been the topic of a number of recent research reports. Citizens Jmp upped their target price on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Wells Fargo & Company raised their price target on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Sanford C. Bernstein restated an “outperform” rating on shares of Airbnb in a research note on Friday, May 22nd. Robert W. Baird upped their price objective on shares of Airbnb from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Monday, June 29th. Finally, Morgan Stanley lowered shares of Airbnb from an “underweight” rating to an “underweight” rating in a research note on Monday, May 4th.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 294,903 shares of Airbnb stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the completion of the transaction, the director owned 2,622,452 shares in the company, valued at approximately $389,250,550.36. This trade represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 88,366 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46. Following the completion of the transaction, the insider directly owned 12,370 shares of the company’s stock, valued at approximately $1,803,669.70. This trade represents a 87.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 2,245,479 shares of company stock worth $310,454,308 over the last three months. Company insiders own 27.21% of the company’s stock.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC acquired a new position in Airbnb in the second quarter valued at approximately $284,000. Family Wealth Partners LLC grew its stake in shares of Airbnb by 5.9% during the 2nd quarter. Family Wealth Partners LLC now owns 2,324 shares of the company’s stock worth $333,000 after purchasing an additional 130 shares during the period. Tema ETFs LLC grew its stake in shares of Airbnb by 8.9% during the 2nd quarter. Tema ETFs LLC now owns 7,062 shares of the company’s stock worth $1,011,000 after purchasing an additional 580 shares during the period. Chemistry Wealth Management LLC increased its holdings in shares of Airbnb by 3.8% during the 2nd quarter. Chemistry Wealth Management LLC now owns 29,453 shares of the company’s stock valued at $4,215,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its stake in shares of Airbnb by 16.8% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 6,076 shares of the company’s stock valued at $869,000 after purchasing an additional 875 shares during the period. 80.76% of the stock is owned by institutional investors and hedge funds.

Airbnb Stock Performance

Shares of ABNB stock opened at $153.11 on Wednesday. The business has a fifty day moving average of $140.53 and a 200 day moving average of $134.79. Airbnb has a 1 year low of $110.81 and a 1 year high of $153.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $92.28 billion, a price-to-earnings ratio of 37.71, a price-to-earnings-growth ratio of 1.57 and a beta of 1.14.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 31.24%. The firm had revenue of $2.68 billion for the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, research analysts expect that Airbnb will post 4.93 earnings per share for the current year.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.