Airbnb, Inc. (NASDAQ:ABNB) Receives $134.23 Average PT from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have earned a consensus recommendation of “Hold” from the thirty-two brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $134.55.

Several equities research analysts recently issued reports on ABNB shares. Sanford C. Bernstein cut their price target on Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, September 17th. Truist Financial lowered their price objective on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Susquehanna lowered their price objective on shares of Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a research report on Wednesday, August 7th. Cantor Fitzgerald restated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research report on Monday, October 7th. Finally, Mizuho lowered their price objective on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $148.47, for a total transaction of $89,082.00. Following the sale, the chief technology officer now owns 207,574 shares of the company’s stock, valued at approximately $30,818,511.78. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 80,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $149.11, for a total transaction of $11,928,800.00. Following the sale, the chief technology officer now owns 207,574 shares of the company’s stock, valued at approximately $30,951,359.14. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction on Tuesday, July 16th. The shares were sold at an average price of $148.47, for a total transaction of $89,082.00. Following the sale, the chief technology officer now directly owns 207,574 shares in the company, valued at $30,818,511.78. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 563,496 shares of company stock valued at $74,262,814. 27.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Airbnb by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock worth $5,662,164,000 after purchasing an additional 791,149 shares in the last quarter. Jennison Associates LLC boosted its position in shares of Airbnb by 57.9% during the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after purchasing an additional 3,899,179 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after purchasing an additional 3,558,178 shares in the last quarter. Legal & General Group Plc boosted its position 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 purchasing an additional 153,784 shares in the last quarter. Finally, Alphinity Investment Management Pty Ltd boosted its position in shares of Airbnb by 1.6% during the 1st quarter. Alphinity Investment Management Pty Ltd now owns 2,536,014 shares of the company’s stock worth $418,341,000 after purchasing an additional 39,129 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Trading Up 1.2 %

Shares of ABNB stock opened at $134.40 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a market cap of $86.23 billion, a P/E ratio of 18.29, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The stock has a 50 day simple moving average of $121.62 and a 200 day simple moving average of $140.95. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.98 earnings per share. On average, research analysts predict that Airbnb will post 4.33 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.