Airbnb, Inc. (NASDAQ:ABNB) Receives $147.40 Consensus PT from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNBGet Free Report) have earned an average recommendation of “Hold” from the thirty-three analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, sixteen have given a hold recommendation, fourteen have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $147.40.

Several equities research analysts have commented on the stock. Benchmark cut their price target on shares of Airbnb from $155.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. TD Cowen raised their price objective on Airbnb from $150.00 to $160.00 and gave the company a “buy” rating in a report on Friday, February 13th. BMO Capital Markets lifted their target price on Airbnb from $130.00 to $140.00 and gave the company a “market perform” rating in a research report on Friday, February 13th. Wells Fargo & Company upped their target price on Airbnb from $128.00 to $133.00 and gave the stock an “equal weight” rating in a report on Friday, February 13th. Finally, B. Riley Financial raised Airbnb from a “neutral” rating to a “buy” rating and increased their price target for the company from $140.00 to $170.00 in a research report on Monday, January 12th.

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Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

Airbnb Stock Down 1.7%

NASDAQ ABNB opened at $128.52 on Thursday. Airbnb has a 12-month low of $99.88 and a 12-month high of $143.88. The company has a market capitalization of $78.23 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.57 and a beta of 1.12. The firm’s 50 day moving average is $129.31 and its 200-day moving average is $126.70.

Airbnb (NASDAQ:ABNBGet Free Report) last announced its earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.10). The business had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The business’s revenue for the quarter was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.73 EPS. As a group, sell-side analysts expect that Airbnb will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 3,750 shares of the business’s stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $130.00, for a total transaction of $487,500.00. Following the transaction, the chief financial officer directly owned 402,417 shares in the company, valued at approximately $52,314,210. The trade was a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $131.27, for a total transaction of $7,613,660.00. Following the sale, the director directly owned 286,015 shares in the company, valued at $37,545,189.05. This trade represents a 16.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 363,510 shares of company stock worth $47,422,070 in the last 90 days. Corporate insiders own 27.91% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of ABNB. Harris Associates L P grew its holdings in Airbnb by 43.2% during the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after purchasing an additional 4,292,383 shares during the period. Independent Franchise Partners LLP bought a new stake in Airbnb in the third quarter valued at approximately $505,672,000. Norges Bank bought a new stake in Airbnb in the second quarter valued at approximately $483,644,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Airbnb by 453.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after buying an additional 2,724,682 shares during the last quarter. Finally, SRS Investment Management LLC acquired a new stake in shares of Airbnb in the fourth quarter valued at approximately $342,017,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

About Airbnb

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Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.

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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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