Airbnb, Inc. (NASDAQ:ABNB) Receives $147.28 Consensus Price Target from Analysts

Airbnb, Inc. (NASDAQ:ABNB) has been given an average rating of “Hold” by the thirty-seven research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, thirteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $147.28.

A number of equities research analysts have weighed in on ABNB shares. Baird R W upgraded shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 14th. Argus upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Wednesday, February 19th. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. B. Riley lifted their target price on Airbnb from $131.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Finally, Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th.

Airbnb Trading Down 6.4 %

ABNB opened at $106.66 on Thursday. The firm has a market capitalization of $67.25 billion, a price-to-earnings ratio of 25.83, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15. The company’s 50 day simple moving average is $133.75 and its two-hundred day simple moving average is $133.66. Airbnb has a 1-year low of $104.73 and a 1-year high of $166.74. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. Analysts expect that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Buying and Selling at Airbnb

In other news, insider Nathan Blecharczyk sold 2,712 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $156.32, for a total value of $423,939.84. Following the completion of the sale, the insider now owns 159,337 shares in the company, valued at approximately $24,907,559.84. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $119.67, for a total transaction of $83,769.00. Following the transaction, the chief technology officer now owns 170,019 shares in the company, valued at approximately $20,346,173.73. This trade represents a 0.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,290,053 shares of company stock worth $319,656,539. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently added to or reduced their stakes in the business. Verde Capital Management lifted its holdings in shares of Airbnb by 25.3% in the 4th quarter. Verde Capital Management now owns 21,118 shares of the company’s stock valued at $2,775,000 after buying an additional 4,269 shares during the period. Tri Ri Asset Management Corp purchased a new position in Airbnb in the third quarter worth $6,352,000. Baltimore Washington Financial Advisors Inc. lifted its holdings in Airbnb by 14.8% in the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 49,447 shares of the company’s stock valued at $6,498,000 after acquiring an additional 6,357 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Airbnb by 40.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company’s stock worth $90,123,000 after purchasing an additional 197,558 shares in the last quarter. Finally, Sarasin & Partners LLP acquired a new position in shares of Airbnb during the 4th quarter worth $2,272,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.