Airbnb, Inc. (NASDAQ:ABNB) Receives $133.45 Consensus Target Price from Brokerages

Airbnb, Inc. (NASDAQ:ABNB) has earned a consensus rating of “Hold” from the thirty-one ratings firms that are presently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and eight have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $134.17.

Several brokerages recently weighed in on ABNB. Barclays reduced their price target on Airbnb from $110.00 to $100.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 7th. BMO Capital Markets reduced their price target on Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 7th. UBS Group dropped their target price on Airbnb from $160.00 to $134.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Sanford C. Bernstein dropped their target price on Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, B. Riley dropped their target price on Airbnb from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 1,500 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $150.00, for a total value of $225,000.00. Following the transaction, the director now owns 42,087 shares of the company’s stock, valued at $6,313,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Brian Chesky sold 115,385 shares of Airbnb stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $148.68, for a total transaction of $17,155,441.80. Following the sale, the chief executive officer now owns 14,029,687 shares of the company’s stock, valued at approximately $2,085,933,863.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Joseph Gebbia sold 1,500 shares of Airbnb stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $150.00, for a total value of $225,000.00. Following the sale, the director now directly owns 42,087 shares in the company, valued at approximately $6,313,050. The disclosure for this sale can be found here. Insiders have sold 449,332 shares of company stock valued at $67,263,009 over the last quarter. 27.83% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Airbnb by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 34,324,465 shares of the company’s stock valued at $5,662,164,000 after purchasing an additional 791,149 shares during the period. Edgewood Management LLC raised its stake in Airbnb by 20.8% during the 4th quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after purchasing an additional 2,135,529 shares during the period. Jennison Associates LLC increased its stake in Airbnb by 57.9% in the 1st quarter. Jennison Associates LLC now owns 10,632,035 shares of the company’s stock worth $1,753,860,000 after acquiring an additional 3,899,179 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Airbnb by 158.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock worth $958,279,000 after acquiring an additional 3,558,178 shares during the last quarter. Finally, Norges Bank bought a new stake in Airbnb in the 4th quarter worth approximately $619,584,000. Institutional investors own 80.76% of the company’s stock.

Airbnb Price Performance

ABNB opened at $122.12 on Friday. The stock has a market capitalization of $78.65 billion, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.54 and a beta of 1.16. The stock’s 50 day moving average price is $126.85 and its 200-day moving average price is $145.19. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. Airbnb had a return on equity of 34.74% and a net margin of 46.11%. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share. On average, equities research analysts predict that Airbnb will post 4.39 EPS for the current year.

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.