Analysts Set Airbnb, Inc. (NASDAQ:ABNB) Target Price at $147.84

Airbnb, Inc. (NASDAQ:ABNB) has been given an average recommendation of “Hold” by the thirty-seven research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation, thirteen have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $147.84.

ABNB has been the topic of several recent analyst reports. B. Riley raised Airbnb from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $170.00 in a report on Monday, January 12th. KeyCorp initiated coverage on Airbnb in a research report on Thursday, October 23rd. They set a “sector weight” rating on the stock. Cantor Fitzgerald raised Airbnb from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $117.00 to $141.00 in a research note on Thursday, January 8th. Barclays set a $120.00 price objective on Airbnb and gave the company an “equal weight” rating in a report on Friday, January 9th. Finally, Wells Fargo & Company set a $128.00 target price on Airbnb and gave the company an “equal weight” rating in a research note on Friday, January 9th.

Airbnb Stock Down 1.8%

ABNB stock opened at $129.37 on Wednesday. The company has a 50-day simple moving average of $130.57 and a 200 day simple moving average of $127.47. The company has a market capitalization of $79.63 billion, a P/E ratio of 30.73, a PEG ratio of 2.04 and a beta of 1.09. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $163.93.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.31 by ($0.10). The company had revenue of $4.10 billion for the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a net margin of 22.03% and a return on equity of 32.14%. The firm’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period in the previous year, the business posted $2.13 EPS. Equities analysts anticipate that Airbnb will post 4.31 EPS for the current year.

Insider Activity

In other news, Director Joseph Gebbia sold 236,000 shares of Airbnb stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $120.66, for a total value of $28,475,760.00. Following the transaction, the director owned 232,015 shares of the company’s stock, valued at $27,994,929.90. The trade was a 50.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 141,063 shares of the business’s stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $121.96, for a total transaction of $17,204,043.48. Following the completion of the sale, the insider owned 11,520 shares in the company, valued at $1,404,979.20. The trade was a 92.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 1,202,272 shares of company stock worth $148,094,596. Corporate insiders own 27.91% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of ABNB. Activest Wealth Management boosted its stake in shares of Airbnb by 440.0% during the 4th quarter. Activest Wealth Management now owns 594 shares of the company’s stock worth $81,000 after acquiring an additional 484 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of Airbnb by 1.8% during the fourth quarter. Sage Rhino Capital LLC now owns 10,536 shares of the company’s stock valued at $1,430,000 after purchasing an additional 184 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in shares of Airbnb during the fourth quarter valued at $907,000. Interchange Capital Partners LLC boosted its position in shares of Airbnb by 18.8% in the 4th quarter. Interchange Capital Partners LLC now owns 3,511 shares of the company’s stock valued at $477,000 after purchasing an additional 556 shares during the period. Finally, Keybank National Association OH increased its stake in Airbnb by 1.9% in the 4th quarter. Keybank National Association OH now owns 35,785 shares of the company’s stock worth $4,857,000 after purchasing an additional 652 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

About Airbnb

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.