Analysts Set Airbnb, Inc. (NASDAQ:ABNB) PT at $172.00

Airbnb, Inc. (NASDAQ:ABNB) has earned an average recommendation of “Moderate Buy” from the thirty-nine brokerages that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $172.00.

Several equities analysts have recently commented on ABNB shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Airbnb in a research report on Friday, August 7th. B. Riley Financial reiterated a “buy” rating on shares of Airbnb in a research note on Friday, August 7th. Piper Sandler set a $150.00 price objective on Airbnb in a research note on Friday, August 7th. Benchmark raised their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Wedbush upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $152.00 to $200.00 in a research report on Friday, August 7th.

Airbnb Stock Performance

NASDAQ ABNB opened at $185.00 on Friday. The firm has a market capitalization of $110.78 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 2.16 and a beta of 1.14. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. The firm’s fifty day moving average price is $153.06 and its two-hundred day moving average price is $139.16. Airbnb has a 1 year low of $110.81 and a 1 year high of $189.20.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.58 billion. Airbnb had a net margin of 20.45% and a return on equity of 33.38%. Airbnb’s revenue was up 16.3% on a year-over-year basis. During the same period last year, the business posted $1.03 EPS. As a group, research analysts anticipate that Airbnb will post 5.22 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 531,000 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $174.41, for a total value of $92,611,710.00. Following the sale, the insider directly owned 171,370 shares of the company’s stock, valued at approximately $29,888,641.70. This represents a 75.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Gebbia sold 294,903 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $148.43, for a total transaction of $43,772,452.29. Following the sale, the director directly owned 2,622,452 shares in the company, valued at $389,250,550.36. This trade represents a 10.11% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 3,121,551 shares of company stock worth $461,483,447. 27.21% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of large investors have recently bought and sold shares of ABNB. Proficio Capital Partners LLC grew its stake in shares of Airbnb by 33.6% in the 2nd quarter. Proficio Capital Partners LLC now owns 19,268 shares of the company’s stock valued at $2,757,000 after buying an additional 4,849 shares during the period. Quantitative Investment Management LLC purchased a new stake in Airbnb in the 2nd quarter valued at $4,315,000. Wellington Management Group LLP lifted its stake in Airbnb by 80.6% during the 2nd quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock valued at $827,929,000 after acquiring an additional 2,581,539 shares in the last quarter. North Star Asset Management Inc. purchased a new position in Airbnb during the 2nd quarter worth $11,791,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Airbnb during the 2nd quarter worth $23,975,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.