Brokerages Set Airbnb, Inc. (NASDAQ:ABNB) PT at $139.48

Airbnb, Inc. (NASDAQ:ABNB) has been assigned an average recommendation of “Hold” from the thirty-three ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $139.48.

Several analysts have recently weighed in on the company. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Piper Sandler boosted their price objective on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Susquehanna raised their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a “positive” rating in a research report on Monday, November 11th. Wells Fargo & Company lifted their target price on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Finally, Wedbush increased their price target on shares of Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th.

Airbnb Stock Performance

Shares of Airbnb stock opened at $135.32 on Tuesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The firm’s 50 day moving average is $135.72 and its two-hundred day moving average is $134.01. The firm has a market capitalization of $85.79 billion, a P/E ratio of 47.48, a P/E/G ratio of 1.93 and a beta of 1.13.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same period last year, the business earned $2.39 earnings per share. Research analysts forecast that Airbnb will post 3.99 EPS for the current fiscal year.

Insider Activity at Airbnb

In related news, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares of the company’s stock, valued at approximately $21,466,767. This represents a 5.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $137.00, for a total transaction of $137,000.00. Following the transaction, the chief accounting officer now owns 40,581 shares of the company’s stock, valued at approximately $5,559,597. The trade was a 2.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 802,453 shares of company stock valued at $106,245,242 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Institutional investors and hedge funds have recently bought and sold shares of the stock. Edgewood Management LLC lifted its position in shares of Airbnb by 9.2% in the third quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock valued at $1,722,388,000 after acquiring an additional 1,143,464 shares in the last quarter. Geode Capital Management LLC raised its stake in Airbnb by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 9,399,568 shares of the company’s stock valued at $1,189,635,000 after purchasing an additional 146,761 shares during the last quarter. Pacer Advisors Inc. raised its stake in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after purchasing an additional 4,172,985 shares during the last quarter. Legal & General Group Plc lifted its holdings in Airbnb by 4.7% in the 2nd quarter. Legal & General Group Plc now owns 3,423,094 shares of the company’s stock valued at $519,044,000 after purchasing an additional 153,784 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Airbnb by 2.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,706,296 shares of the company’s stock worth $343,185,000 after purchasing an additional 52,358 shares during the last quarter. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.