Airbnb, Inc. (NASDAQ:ABNB) Receives $146.94 Consensus Target Price from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has been assigned an average rating of “Hold” from the thirty-seven brokerages that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, seventeen have given a hold recommendation, fourteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $145.59.

Several analysts have recently commented on the stock. Evercore ISI increased their price target on shares of Airbnb to $155.00 and gave the company a “hold” rating in a research note on Wednesday, January 15th. Wells Fargo & Company decreased their price target on shares of Airbnb from $134.00 to $100.00 and set an “underweight” rating on the stock in a research note on Monday, April 7th. The Goldman Sachs Group raised shares of Airbnb from a “sell” rating to a “neutral” rating and increased their price target for the company from $110.00 to $153.00 in a research note on Friday, February 14th. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Finally, Susquehanna increased their price target on shares of Airbnb from $160.00 to $200.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 700 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the transaction, the chief technology officer now owns 181,914 shares of the company’s stock, valued at approximately $23,572,416.12. This trade represents a 0.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the firm’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $114.22, for a total transaction of $24,475,632.70. Following the completion of the transaction, the director now directly owns 2,080,585 shares of the company’s stock, valued at approximately $237,644,418.70. This trade represents a 9.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,998,146 shares of company stock worth $272,401,900 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ABNB. Norges Bank bought a new position in Airbnb in the fourth quarter valued at $433,374,000. Clearbridge Investments LLC grew its position in shares of Airbnb by 147.3% in the 4th quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock valued at $571,505,000 after acquiring an additional 2,590,475 shares during the period. Two Sigma Advisers LP grew its position in shares of Airbnb by 512.0% in the 4th quarter. Two Sigma Advisers LP now owns 3,080,300 shares of the company’s stock valued at $404,782,000 after acquiring an additional 2,577,000 shares during the period. Principal Financial Group Inc. grew its position in shares of Airbnb by 74.4% in the 1st quarter. Principal Financial Group Inc. now owns 3,255,682 shares of the company’s stock valued at $388,924,000 after acquiring an additional 1,389,251 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in shares of Airbnb by 119.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,506,704 shares of the company’s stock valued at $179,991,000 after acquiring an additional 820,887 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb Stock Down 2.8 %

Shares of NASDAQ ABNB opened at $121.92 on Monday. The stock has a market cap of $76.88 billion, a PE ratio of 29.52, a PEG ratio of 3.52 and a beta of 1.15. The business has a fifty day moving average of $123.90 and a two-hundred day moving average of $131.71. Airbnb has a 52-week low of $99.88 and a 52-week high of $165.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.69 and a current ratio of 1.69.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities research analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal 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.