Analysts Set Airbnb, Inc. (NASDAQ:ABNB) PT at $139.48

Shares of Airbnb, Inc. (NASDAQ:ABNB) have received an average recommendation of “Hold” from the thirty-three brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a sell recommendation, nineteen have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $139.48.

Several equities analysts have weighed in on ABNB shares. UBS Group lifted their price objective on Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a report on Wednesday, October 23rd. Bank of America boosted their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Sanford C. Bernstein reduced their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 17th. Wedbush boosted their target price on shares of Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Cantor Fitzgerald reaffirmed an “underweight” rating and set a $94.00 price target on shares of Airbnb in a report on Monday, October 7th.

Airbnb Trading Down 1.4 %

ABNB stock opened at $133.38 on Tuesday. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The company has a market capitalization of $84.56 billion, a PE ratio of 46.80, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. The company’s 50-day simple moving average is $135.66 and its 200 day simple moving average is $133.81. 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 earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same quarter in the previous year, the company earned $2.39 EPS. As a group, sell-side analysts anticipate that Airbnb will post 3.99 earnings per share for the current year.

Insider Activity

In related news, Director Joseph Gebbia sold 214,285 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now owns 10,321 shares in the company, valued at $1,352,876.68. This represents a 95.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 38,461 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $133.58, for a total value of $5,137,620.38. Following the sale, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at $1,674,741,751.02. This represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 802,453 shares of company stock valued at $106,245,242. 27.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb during the third quarter valued at about $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 worth $26,000 after buying an additional 200 shares during the period. Ashton Thomas Securities LLC bought a new position in Airbnb in the third quarter worth approximately $30,000. Quarry LP acquired a new stake in Airbnb in the third quarter valued at approximately $55,000. Finally, Meeder Asset Management Inc. grew its stake in Airbnb by 73.6% in the second quarter. Meeder Asset Management Inc. now owns 375 shares of the company’s stock valued at $57,000 after acquiring an additional 159 shares during the period. 80.76% of the stock is owned by institutional investors.

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.