Brokerages Set Airbnb, Inc. (NASDAQ:ABNB) Price Target at $139.63

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received a consensus recommendation of “Hold” from the thirty-four research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $139.63.

Several equities research analysts have commented on the company. Morgan Stanley upped their price target on Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a research note on Monday, January 13th. Phillip Securities reissued a “reduce” rating and set a $120.00 target price on shares of Airbnb in a research report on Tuesday, November 12th. Citigroup lifted their price target 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. Truist Financial dropped their price objective on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Finally, UBS Group lifted their target price on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd.

Airbnb Price Performance

ABNB opened at $135.12 on Friday. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The company’s 50 day simple moving average is $134.16 and its 200 day simple moving average is $131.81. The stock has a market capitalization of $85.66 billion, a PE ratio of 47.41, a P/E/G ratio of 1.63 and a beta of 1.13. 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 announced 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). The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the firm earned $2.39 earnings per share. As a group, sell-side analysts expect that Airbnb will post 3.99 EPS for the current year.

Insider Activity at Airbnb

In related news, CTO Aristotle N. Balogh sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $136.01, for a total transaction of $68,005.00. Following the completion of the transaction, the chief technology officer now owns 185,414 shares in the company, valued at $25,218,158.14. The trade was a 0.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total value of $28,088,477.80. Following the completion of the sale, the director now directly owns 10,321 shares in the company, valued at $1,352,876.68. This represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,130,382 shares of company stock valued at $150,441,919 in the last quarter. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the third quarter valued at approximately $25,000. Hollencrest Capital Management raised its stake in Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in Airbnb during the 3rd quarter worth $30,000. Quarry LP bought a new position in shares of Airbnb in the third quarter worth $55,000. Finally, CVA Family Office LLC grew its stake in shares of Airbnb by 131.2% in the third quarter. CVA Family Office LLC now owns 474 shares of the company’s stock worth $60,000 after purchasing an additional 269 shares in the last quarter. 80.76% of the stock is 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.