Airbnb (NASDAQ:ABNB) Stock Price Expected to Rise, Mizuho Analyst Says

Airbnb (NASDAQ:ABNB) had its target price upped by equities research analysts at Mizuho from $156.00 to $175.00 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s target price points to a potential upside of 29.11% from the company’s current price.

ABNB has been the topic of several other reports. Deutsche Bank Aktiengesellschaft upgraded shares of Airbnb from a “hold” rating to a “buy” rating and set a $154.00 price objective on the stock in a report on Friday, February 13th. Citizens Jmp raised shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Wednesday, February 4th. BNP Paribas Exane assumed coverage on shares of Airbnb in a research note on Monday, November 24th. They set a “hold” rating for the company. Citigroup upgraded Airbnb from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 4th. Finally, Cantor Fitzgerald set a $121.00 target price on Airbnb in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, sixteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $149.42.

Airbnb Stock Performance

Shares of ABNB opened at $135.54 on Tuesday. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $143.88. The company has a market capitalization of $82.50 billion, a PE ratio of 33.55, a price-to-earnings-growth ratio of 1.50 and a beta of 1.12. The stock has a fifty day moving average of $130.64 and a two-hundred day moving average of $126.44.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The business had revenue of $2.78 billion during the quarter, compared to analysts’ expectations of $2.71 billion. During the same period in the prior year, the firm earned $0.73 EPS. Airbnb’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, equities research analysts forecast that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 4,260 shares of Airbnb stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the sale, the insider directly owned 49,250 shares in the company, valued at $6,170,532.50. The trade was a 7.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 2,565 shares of the stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $134.79, for a total value of $345,736.35. Following the transaction, the chief technology officer owned 165,086 shares of the company’s stock, valued at approximately $22,251,941.94. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 681,643 shares of company stock valued at $87,136,680 in the last quarter. Company insiders own 27.91% of the company’s stock.

Institutional Trading of Airbnb

Institutional investors have recently added to or reduced their stakes in the stock. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of Airbnb by 3.5% during the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 962,551 shares of the company’s stock worth $116,873,000 after purchasing an additional 32,501 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Airbnb by 1.1% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,925,689 shares of the company’s stock worth $387,186,000 after purchasing an additional 31,120 shares during the period. Sumitomo Life Insurance Co. boosted its position in shares of Airbnb by 15.0% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 66,071 shares of the company’s stock valued at $8,022,000 after acquiring an additional 8,636 shares in the last quarter. Cerity Partners LLC increased its stake in Airbnb by 18.1% in the third quarter. Cerity Partners LLC now owns 364,824 shares of the company’s stock valued at $44,297,000 after acquiring an additional 55,838 shares during the period. Finally, National Pension Service raised its position in Airbnb by 1.1% in the third quarter. National Pension Service now owns 1,096,411 shares of the company’s stock worth $133,126,000 after purchasing an additional 12,453 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

About Airbnb

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.