Airbnb, Inc. (NASDAQ:ABNB) Receives $138.97 Average Price Target from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has been assigned a consensus recommendation of “Hold” from the thirty-two research firms that are covering the stock, MarketBeat Ratings reports. Six analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $138.97.

A number of equities analysts have recently weighed in on ABNB shares. Truist Financial lowered their target price on Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Royal Bank of Canada dropped their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Citigroup boosted their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th.

Airbnb Trading Down 1.6 %

Airbnb stock opened at $136.11 on Friday. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market capitalization of $86.29 billion, a P/E ratio of 47.76, a PEG ratio of 1.93 and a beta of 1.15. The stock has a 50-day simple moving average of $134.15 and a 200 day simple moving average of $135.25. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. During the same quarter in the prior year, the business posted $2.39 EPS. Analysts expect that Airbnb will post 4.02 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 164,850 shares in the company, 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 SEC, which can be accessed through this link. Also, CEO Brian Chesky sold 230,769 shares of Airbnb stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the transaction, the chief executive officer now owns 13,315,912 shares in the company, valued at approximately $1,597,909,440. This trade represents a 1.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 718,017 shares of company stock worth $91,842,052 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of ABNB. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb in the 3rd quarter valued at $25,000. Hollencrest Capital Management boosted its position in Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. New Millennium Group LLC bought a new stake in Airbnb during the second quarter valued at $28,000. Cultivar Capital Inc. acquired a new stake in Airbnb during the 2nd quarter worth about $30,000. Finally, Ashton Thomas Securities LLC bought a new position in shares of Airbnb in the 3rd quarter worth about $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.