Brokerages Set Airbnb, Inc. (NASDAQ:ABNB) PT at $147.58

Airbnb, Inc. (NASDAQ:ABNB) has been given a consensus recommendation of “Hold” by the thirty-two ratings firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, eighteen have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $149.19.

ABNB has been the topic of a number of recent research reports. B. Riley Financial initiated coverage on shares of Airbnb in a research report on Wednesday, April 3rd. They set a “neutral” rating and a $150.00 price target on the stock. Wedbush reaffirmed a “neutral” rating and set a $160.00 price target on shares of Airbnb in a research report on Thursday, April 18th. Benchmark initiated coverage on shares of Airbnb in a research report on Thursday, April 11th. They set a “buy” rating and a $190.00 price target on the stock. Piper Sandler lifted their price target on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Susquehanna lifted their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “positive” rating in a research report on Wednesday, February 14th.

Airbnb Price Performance

Airbnb stock opened at $162.84 on Thursday. Airbnb has a 1 year low of $103.55 and a 1 year high of $170.10. The firm has a 50 day moving average price of $160.10 and a 200 day moving average price of $143.03. The company has a market cap of $105.37 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.01 and a beta of 1.25. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.66 and a current ratio of 1.66.

Airbnb (NASDAQ:ABNB) last released its earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.09. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. The firm had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.16 billion. Sell-side analysts predict that Airbnb will post 4.63 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the completion of the transaction, the chief technology officer now owns 221,704 shares in the company, valued at $34,548,134.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Airbnb news, Director Jeffrey D. Jordan sold 8,000 shares of the company’s stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the completion of the sale, the director now directly owns 151,646 shares of the company’s stock, valued at $22,746,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were sold at an average price of $155.83, for a total transaction of $93,498.00. Following the sale, the chief technology officer now directly owns 221,704 shares of the company’s stock, valued at $34,548,134.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 463,674 shares of company stock worth $73,516,515. Insiders own 30.84% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Large investors have recently made changes to their positions in the business. Compagnie Lombard Odier SCmA increased its holdings in shares of Airbnb by 34.7% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 31,612 shares of the company’s stock valued at $4,304,000 after purchasing an additional 8,140 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Airbnb by 4.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 8,221 shares of the company’s stock valued at $1,119,000 after purchasing an additional 333 shares during the period. Nordea Investment Management AB increased its holdings in shares of Airbnb by 27.5% in the 4th quarter. Nordea Investment Management AB now owns 1,268,390 shares of the company’s stock valued at $172,742,000 after purchasing an additional 273,191 shares during the period. LGT Group Foundation increased its holdings in shares of Airbnb by 8.1% in the 3rd quarter. LGT Group Foundation now owns 316,545 shares of the company’s stock valued at $43,227,000 after purchasing an additional 23,716 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of Airbnb by 14.4% in the 4th quarter. Cerity Partners LLC now owns 95,572 shares of the company’s stock valued at $13,011,000 after purchasing an additional 12,008 shares during the period. Institutional investors and hedge funds 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.