Airbnb (NASDAQ:ABNB) Price Target Raised to $173.00 at Royal Bank Of Canada

Airbnb (NASDAQ:ABNB) had its target price raised by Royal Bank Of Canada from $170.00 to $173.00 in a research report report published on Friday morning, MarketBeat reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other research analysts have also recently commented on the stock. Tigress Financial dropped their target price on shares of Airbnb from $200.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, April 8th. UBS Group upped their price objective on shares of Airbnb from $153.00 to $157.00 and gave the stock a “neutral” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $170.00 target price on shares of Airbnb in a research report on Friday. Wells Fargo & Company boosted their target price on shares of Airbnb from $178.00 to $181.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, HSBC downgraded shares of Airbnb from a “hold” rating to a “hold” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $157.04.

Airbnb Stock Performance

Airbnb stock opened at $141.49 on Friday. Airbnb has a 52 week low of $110.81 and a 52 week high of $147.25. The stock has a market capitalization of $86.13 billion, a P/E ratio of 34.85, a price-to-earnings-growth ratio of 1.71 and a beta of 1.20. The stock has a fifty day moving average of $133.41 and a 200-day moving average of $129.30.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.05). Airbnb had a net margin of 19.90% and a return on equity of 30.71%. The business had revenue of $2.68 billion during the quarter, compared to analyst estimates of $2.62 billion. During the same period last year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. On average, research analysts forecast that Airbnb will post 4.95 earnings per share for the current year.

Insider Activity

In other news, insider Nathan Blecharczyk sold 24,788 shares of the firm’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of $145.86, for a total transaction of $3,615,577.68. Following the completion of the transaction, the insider directly owned 11,920 shares in the company, valued at $1,738,651.20. This trade represents a 67.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $126.16, for a total value of $7,317,280.00. Following the completion of the sale, the director owned 170,015 shares in the company, valued at $21,449,092.40. The trade was a 25.44% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 457,075 shares of company stock worth $60,358,795 over the last ninety days. Company insiders own 27.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ABNB. Commerzbank Aktiengesellschaft FI increased its position in shares of Airbnb by 1.3% during the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock worth $727,000 after buying an additional 76 shares during the period. Patton Fund Management Inc. boosted its position in Airbnb by 4.3% during the fourth quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after acquiring an additional 77 shares during the last quarter. BOKF NA grew its holdings in Airbnb by 11.0% during the 4th quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after acquiring an additional 78 shares during the period. Yoder Wealth Management Inc. raised its position in shares of Airbnb by 0.3% in the 4th quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock worth $3,582,000 after acquiring an additional 84 shares in the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Airbnb by 1.0% in the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Citigroup, RBC, Citizens JMP, and Susquehanna all raised their price targets on Airbnb and maintained bullish or positive ratings, signaling Wall Street sees more upside after the latest earnings and guidance update. Analyst price target upgrades for Airbnb
• Positive Sentiment: Airbnb’s Q1 revenue came in above expectations and the company lifted its full-year sales outlook, reinforcing the view that travel demand remains healthy despite macro and geopolitical noise. Airbnb Raises Outlook, Citing Resilient Travel Demand
• Positive Sentiment: Management said AI is improving efficiency across the business, with Airbnb noting that AI now writes a large share of new code and may reshape job roles, which could support margins over time. Airbnb says AI now writes 60% of its new code
• Positive Sentiment: Several analysts reiterated buy or outperform views, and broker sentiment remains moderately bullish overall, which can help support the stock near current levels. Airbnb maintained at Buy by Citi
• Neutral Sentiment: Airbnb beat revenue estimates but missed earnings per share expectations, creating a mixed headline that limits enthusiasm even as top-line growth stays strong. Airbnb beats expectations for revenue and gross bookings value
• Neutral Sentiment: Comments about elevated cancellations in EMEA and Asia-Pacific due to the Middle East conflict add uncertainty, but they do not yet appear to be derailing demand overall. Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
• Negative Sentiment: The company still missed profit estimates, which reminds investors that earnings leverage remains uneven despite solid revenue growth. Airbnb misses profit estimates despite revenue beat

Airbnb Company Profile

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.