Airbnb (NASDAQ:ABNB) Price Target Raised to $155.00 at Wedbush

Airbnb (NASDAQ:ABNB) had its price objective raised by Wedbush from $135.00 to $155.00 in a research report released on Friday, MarketBeat Ratings reports. The brokerage currently has an outperform rating on the stock. Wedbush also issued estimates for Airbnb’s Q4 2024 earnings at $0.55 EPS, FY2024 earnings at $3.93 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $2.39 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $4.18 EPS and FY2026 earnings at $4.92 EPS.

A number of other research firms have also issued reports on ABNB. Royal Bank of Canada lowered their target price on shares of Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company raised their price target on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. cut their price objective on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. TD Cowen lowered their target price on Airbnb from $170.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Finally, Barclays cut their price target on Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and an average target price of $139.26.

Airbnb Stock Down 8.7 %

Shares of Airbnb stock opened at $134.61 on Friday. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $129.14 and a two-hundred day moving average price of $137.38. The stock has a market capitalization of $86.37 billion, a P/E ratio of 47.23, a PEG ratio of 1.99 and a beta of 1.15.

Insider Activity at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Airbnb news, CEO Brian Chesky sold 230,769 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock valued at $51,809,831 in the last ninety days. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ABNB. Farrow Financial Inc. raised its stake in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock worth $1,087,000 after acquiring an additional 69 shares during the last quarter. Heritage Wealth Advisors increased its holdings in shares of Airbnb by 55.0% in the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after purchasing an additional 71 shares in the last quarter. GYL Financial Synergies LLC raised its position in Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after purchasing an additional 76 shares during the last quarter. HB Wealth Management LLC lifted its holdings in Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock worth $749,000 after buying an additional 76 shares in the last quarter. Finally, Optas LLC boosted its position in Airbnb by 4.5% in the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Company Profile

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.