Airbnb (NASDAQ:ABNB) Price Target Raised to $155.00

Airbnb (NASDAQ:ABNB) had its target price increased by Wedbush from $135.00 to $155.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. They currently have an outperform rating on the stock. Wedbush also issued estimates for Airbnb’s Q4 2024 earnings at $0.55 EPS, FY2024 earnings at $3.93 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $2.39 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $4.18 EPS and FY2026 earnings at $4.92 EPS.

A number of other equities analysts have also recently issued reports on the company. Wells Fargo & Company increased their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Morgan Stanley increased their price target on Airbnb from $120.00 to $130.00 and gave the company an “underweight” rating in a research report on Tuesday, July 23rd. TD Cowen lowered their price target on Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Needham & Company LLC reaffirmed a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Finally, Raymond James initiated coverage on Airbnb in a research note on Friday, September 27th. They issued a “market perform” rating and a $134.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $139.94.

Airbnb Stock Up 2.1 %

Shares of NASDAQ ABNB opened at $137.40 on Friday. 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 company has a market cap of $88.16 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 1.90 and a beta of 1.15. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The stock has a 50-day moving average price of $129.54 and a two-hundred day moving average price of $137.20.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 33.36%. The firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company earned $2.39 EPS. As a group, analysts forecast that Airbnb will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock valued at $51,809,831 over the last ninety days. 27.83% of the stock is owned by insiders.

Institutional Trading of Airbnb

Several large investors have recently bought and sold shares of ABNB. Csenge Advisory Group bought a new stake in Airbnb during the 1st quarter valued at approximately $303,000. Empirical Finance LLC bought a new stake in shares of Airbnb in the 1st quarter worth approximately $339,000. Envestnet Portfolio Solutions Inc. boosted its position in shares of Airbnb by 45.7% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 25,021 shares of the company’s stock worth $4,127,000 after purchasing an additional 7,849 shares in the last quarter. Empowered Funds LLC boosted its position in shares of Airbnb by 138.4% in the 1st quarter. Empowered Funds LLC now owns 10,271 shares of the company’s stock worth $1,694,000 after purchasing an additional 5,962 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Airbnb by 12.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 29,375 shares of the company’s stock worth $4,846,000 after purchasing an additional 3,278 shares in the last quarter. 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.