Brokerages Set Airbnb, Inc. (NASDAQ:ABNB) Target Price at $152.38

Airbnb, Inc. (NASDAQ:ABNB) has been assigned an average rating of “Hold” from the thirty-two ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and nine have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $152.38.

A number of brokerages have commented on ABNB. Tigress Financial lifted their price target on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wedbush raised Airbnb from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $160.00 to $165.00 in a research note on Tuesday, May 28th. Wells Fargo & Company lifted their price objective on Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st. BMO Capital Markets lifted their price objective on Airbnb from $135.00 to $151.00 and gave the stock a “market perform” rating in a research report on Thursday, May 9th. Finally, UBS Group lifted their price objective on Airbnb from $143.00 to $157.00 and gave the stock a “neutral” rating in a research report on Thursday, May 9th.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $152.73 on Tuesday. The stock has a market cap of $98.36 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 1.91 and a beta of 1.18. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.25. Airbnb has a 1-year low of $113.24 and a 1-year high of $170.10. The stock’s 50-day moving average is $149.79 and its 200 day moving average is $151.13.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.18. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. Airbnb’s revenue for the quarter was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. On average, sell-side analysts anticipate that Airbnb will post 4.65 EPS for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $151.29, for a total value of $90,774.00. Following the sale, the chief technology officer now directly owns 208,774 shares of the company’s stock, valued at $31,585,418.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $151.29, for a total value of $90,774.00. Following the sale, the chief technology officer now directly owns 208,774 shares of the company’s stock, valued at $31,585,418.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David C. Bernstein sold 2,000 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $145.50, for a total value of $291,000.00. Following the completion of the sale, the chief accounting officer now directly owns 45,043 shares in the company, valued at $6,553,756.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 424,922 shares of company stock valued at $62,811,386. 27.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Several hedge funds have recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC purchased a new position in shares of Airbnb in the first quarter worth $25,000. CVA Family Office LLC purchased a new position in shares of Airbnb in the fourth quarter worth $26,000. Orion Capital Management LLC purchased a new position in shares of Airbnb in the third quarter worth $27,000. Bfsg LLC purchased a new position in shares of Airbnb in the fourth quarter worth $27,000. Finally, Trust Co. of Vermont purchased a new position in shares of Airbnb in the fourth quarter worth $27,000. 80.76% of the stock is owned by 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.