Airbnb, Inc. (NASDAQ:ABNB) Receives $147.58 Average Price Target from Analysts

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) has earned a consensus rating of “Hold” from the thirty-two brokerages that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $147.58.

ABNB has been the subject of several research reports. Bank of America raised their price objective on shares of Airbnb from $155.00 to $168.00 and gave the company a “neutral” rating in a research report on Thursday, March 14th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Thursday, April 11th. Benchmark initiated coverage on shares of Airbnb in a research report on Thursday, April 11th. They issued a “buy” rating and a $190.00 price objective for the company. Piper Sandler raised their price objective on shares of Airbnb from $136.00 to $145.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company lifted their price target on shares of Airbnb from $107.00 to $127.00 and gave the stock an “underweight” rating in a research report on Monday, April 1st.

Get Our Latest Stock Report on Airbnb

Airbnb Trading Down 3.2 %

Shares of ABNB stock opened at $155.01 on Thursday. Airbnb has a 12-month low of $103.55 and a 12-month high of $170.10. The company has a market capitalization of $100.30 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.05 and a beta of 1.25. The firm has a 50-day moving average price of $159.55 and a 200 day moving average price of $142.32. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24.

Airbnb (NASDAQ:ABNBGet Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.09. The firm had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.16 billion. Airbnb had a net margin of 48.32% and a return on equity of 40.96%. Research analysts forecast that Airbnb will post 4.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 8,580 shares of Airbnb stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $142.32, for a total value of $1,221,105.60. Following the transaction, the insider now owns 533,762 shares of the company’s stock, valued at $75,965,007.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Nathan Blecharczyk sold 8,580 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $142.32, for a total transaction of $1,221,105.60. Following the completion of the transaction, the insider now owns 533,762 shares in the company, valued at $75,965,007.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey D. Jordan sold 8,000 shares of the stock in a transaction on Friday, January 26th. The stock was sold at an average price of $150.00, for a total transaction of $1,200,000.00. Following the transaction, the director now owns 151,646 shares of the company’s stock, valued at approximately $22,746,900. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 475,414 shares of company stock valued at $75,187,257. 30.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ABNB. Vanguard Group Inc. boosted its holdings in Airbnb by 43.0% during the third quarter. Vanguard Group Inc. now owns 34,238,727 shares of the company’s stock worth $4,697,896,000 after purchasing an additional 10,301,746 shares during the last quarter. Norges Bank acquired a new stake in Airbnb in the fourth quarter valued at $619,584,000. Edgewood Management LLC lifted its stake in Airbnb by 20.8% in the fourth quarter. Edgewood Management LLC now owns 12,417,777 shares of the company’s stock valued at $1,690,556,000 after acquiring an additional 2,135,529 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC acquired a new stake in Airbnb in the third quarter valued at $235,338,000. Finally, Northern Trust Corp lifted its stake in Airbnb by 41.3% in the third quarter. Northern Trust Corp now owns 4,363,711 shares of the company’s stock valued at $598,745,000 after acquiring an additional 1,276,456 shares during the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

Airbnb Company Profile

(Get Free Report

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.

Read More

Analyst Recommendations for Airbnb (NASDAQ:ABNB)

Receive News & Ratings for Airbnb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Airbnb and related companies with MarketBeat.com's FREE daily email newsletter.