Airbnb, Inc. (NASDAQ:ABNB) Receives $196.42 Consensus Price Target from Brokerages

Airbnb, Inc. (NASDAQ:ABNBGet Rating) has been assigned a consensus recommendation of “Buy” from the thirty-two brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $196.42.

Several research analysts have issued reports on the company. Robert W. Baird reiterated an “outperform” rating and issued a $210.00 price target on shares of Airbnb in a report on Thursday, May 5th. KeyCorp cut their price target on Airbnb from $210.00 to $195.00 in a report on Tuesday, May 3rd. Wolfe Research increased their price objective on Airbnb from $150.00 to $170.00 and gave the stock a “peer perform” rating in a research note on Wednesday, February 16th. The Goldman Sachs Group increased their price objective on Airbnb from $140.00 to $150.00 and gave the stock a “sell” rating in a research note on Wednesday, February 16th. Finally, Citigroup raised Airbnb from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $214.00 to $200.00 in a research note on Wednesday, April 20th.

Shares of Airbnb stock traded down $7.04 on Thursday, hitting $106.24. 6,410,307 shares of the company’s stock traded hands, compared to its average volume of 6,536,853. Airbnb has a one year low of $103.74 and a one year high of $212.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.61 and a quick ratio of 1.61. The company has a fifty day moving average of $152.15 and a two-hundred day moving average of $161.83. The company has a market capitalization of $68.30 billion, a price-to-earnings ratio of 91.59 and a beta of 0.27.

Airbnb (NASDAQ:ABNBGet Rating) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.25. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.45 billion. Airbnb had a return on equity of 18.51% and a net margin of 12.12%. The company’s quarterly revenue was up 70.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.75) earnings per share. Equities research analysts anticipate that Airbnb will post 1.88 earnings per share for the current year.

In other Airbnb news, insider Joseph Gebbia sold 300,000 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was sold at an average price of $161.71, for a total transaction of $48,513,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Catherine C. Powell sold 6,844 shares of the firm’s stock in a transaction dated Wednesday, February 23rd. The shares were sold at an average price of $165.93, for a total value of $1,135,624.92. The disclosure for this sale can be found here. Insiders have sold 747,534 shares of company stock valued at $121,201,511 in the last three months. 36.30% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Zevenbergen Capital Investments LLC raised its position in Airbnb by 7.1% during the third quarter. Zevenbergen Capital Investments LLC now owns 818,712 shares of the company’s stock valued at $137,339,000 after purchasing an additional 53,962 shares in the last quarter. Dana Investment Advisors Inc. purchased a new position in shares of Airbnb in the third quarter worth about $2,602,000. CWM LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $439,000. Steward Partners Investment Advisory LLC increased its holdings in shares of Airbnb by 25.1% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,415 shares of the company’s stock worth $4,231,000 after buying an additional 5,092 shares during the period. Finally, Steel Peak Wealth Management LLC purchased a new position in shares of Airbnb in the fourth quarter worth about $263,000. Institutional investors and hedge funds own 34.66% of the company’s stock.

Airbnb Company Profile (Get Rating)

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.

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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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