Airbnb, Inc. (NASDAQ:ABNB) Receives $133.45 Average Target Price from Analysts

Shares of Airbnb, Inc. (NASDAQ:ABNB) have earned an average recommendation of “Hold” from the thirty-one research firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, eighteen have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $134.17.

A number of brokerages have weighed in on ABNB. TD Cowen dropped their price target on shares of Airbnb from $170.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Piper Sandler dropped their price target on shares of Airbnb from $155.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. UBS Group dropped their price target on shares of Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. B. Riley dropped their price target on shares of Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Barclays dropped their price target on shares of Airbnb from $110.00 to $100.00 and set an “underweight” rating for the company in a research report on Wednesday, August 7th.

Airbnb Price Performance

Airbnb stock opened at $128.75 on Friday. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market cap of $82.92 billion, a P/E ratio of 17.24, a PEG ratio of 1.54 and a beta of 1.16. The company has a 50-day moving average price of $126.26 and a 200 day moving average price of $145.03. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.74 billion. During the same quarter in the previous year, the business posted $0.98 earnings per share. Airbnb’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts anticipate that Airbnb will post 4.39 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total value of $89,382.00. Following the transaction, the chief technology officer now directly owns 209,374 shares of the company’s stock, valued at approximately $31,190,444.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $148.97, for a total value of $89,382.00. Following the transaction, the chief technology officer now directly owns 209,374 shares of the company’s stock, valued at approximately $31,190,444.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, July 15th. The shares were sold at an average price of $145.88, for a total transaction of $145,880.00. Following the completion of the transaction, the chief accounting officer now directly owns 44,043 shares in the company, valued at $6,424,992.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 685,451 shares of company stock worth $95,552,289. 27.83% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Transcendent Capital Group LLC acquired a new position in Airbnb in the 1st quarter valued at $25,000. Trust Co. of Vermont acquired a new position in Airbnb in the 4th quarter valued at $27,000. New Millennium Group LLC acquired a new position in Airbnb in the 2nd quarter valued at $28,000. Vima LLC acquired a new position in Airbnb in the 4th quarter valued at $29,000. Finally, Cultivar Capital Inc. acquired a new position in Airbnb in the 2nd quarter valued at $30,000. 80.76% of the stock is owned by institutional investors and hedge funds.

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.