Airbnb (NASDAQ:ABNB) Price Target Raised to $111.00 at Wells Fargo & Company

Airbnb (NASDAQ:ABNB) had its price objective boosted by Wells Fargo & Company from $110.00 to $111.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts have also recently weighed in on ABNB. Jefferies Financial Group lowered their price objective on Airbnb from $165.00 to $160.00 and set a “buy” rating for the company in a research report on Monday, August 11th. BTIG Research reissued a “neutral” rating on shares of Airbnb in a report on Friday. Wedbush restated a “neutral” rating and set a $130.00 price target on shares of Airbnb in a research note on Friday. Mizuho set a $156.00 price objective on shares of Airbnb in a research report on Friday. Finally, KeyCorp initiated coverage on shares of Airbnb in a research note on Thursday, October 23rd. They issued a “sector weight” rating for the company. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, twenty have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $142.44.

Airbnb Stock Up 0.3%

Shares of Airbnb stock traded up $0.35 on Friday, reaching $120.88. The stock had a trading volume of 11,751,542 shares, compared to its average volume of 4,628,743. The stock has a market capitalization of $75.12 billion, a P/E ratio of 28.71, a P/E/G ratio of 2.20 and a beta of 1.11. The company has a 50 day moving average price of $123.89 and a 200 day moving average price of $128.70. Airbnb has a 1 year low of $99.88 and a 1 year high of $163.93.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 6th. The company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.31 by ($0.10). Airbnb had a net margin of 22.03% and a return on equity of 32.71%. The firm had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter last year, the business earned $2.13 earnings per share. Airbnb’s revenue was up 9.9% on a year-over-year basis. Airbnb has set its Q4 2025 guidance at EPS. On average, analysts forecast that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Airbnb news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $128.47, for a total transaction of $30,318,920.00. Following the completion of the transaction, the director owned 468,015 shares in the company, valued at approximately $60,125,887.05. This trade represents a 33.52% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Elinor Mertz sold 7,500 shares of the company’s stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $130.00, for a total value of $975,000.00. Following the completion of the sale, the chief financial officer owned 436,570 shares in the company, valued at $56,754,100. The trade was a 1.69% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,446,760 shares of company stock valued at $179,726,429. Company insiders own 27.91% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently added to or reduced their stakes in ABNB. Kentucky Trust Co purchased a new position in Airbnb during the second quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in shares of Airbnb by 70.9% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 200 shares of the company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. Concord Wealth Partners purchased a new position in Airbnb in the 2nd quarter valued at about $28,000. Whipplewood Advisors LLC boosted its holdings in Airbnb by 235.3% in the 2nd quarter. Whipplewood Advisors LLC now owns 228 shares of the company’s stock worth $30,000 after buying an additional 160 shares during the last quarter. Finally, Root Financial Partners LLC acquired a new stake in Airbnb in the 3rd quarter worth about $32,000. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.