Barclays Boosts Airbnb (NASDAQ:ABNB) Price Target to $107.00

Airbnb (NASDAQ:ABNB) had its target price upped by investment analysts at Barclays from $105.00 to $107.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an “underweight” rating on the stock. Barclays‘s target price suggests a potential downside of 9.91% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on ABNB. BMO Capital Markets set a $124.00 price objective on shares of Airbnb and gave the stock a “market perform” rating in a research report on Thursday, August 7th. UBS Group boosted their price target on shares of Airbnb from $145.00 to $147.00 and gave the company a “neutral” rating in a research report on Friday. Royal Bank Of Canada lifted their target price on Airbnb from $140.00 to $145.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Morgan Stanley dropped their price objective on Airbnb from $130.00 to $120.00 and set an “underweight” rating for the company in a research note on Thursday, August 7th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $165.00 price target on shares of Airbnb in a report on Friday. Three research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have assigned a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $142.86.

Airbnb Trading Down 1.5%

NASDAQ:ABNB traded down $1.76 on Friday, hitting $118.77. The company had a trading volume of 5,207,221 shares, compared to its average volume of 5,134,257. The stock has a market capitalization of $73.81 billion, a price-to-earnings ratio of 28.74, a PEG ratio of 2.23 and a beta of 1.11. The firm has a 50 day moving average of $124.09 and a two-hundred day moving average of $128.63. Airbnb has a 52 week low of $99.88 and a 52 week high of $163.93.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 6th. The company reported $2.21 EPS for the quarter, missing analysts’ consensus estimates of $2.31 by ($0.10). The company had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.08 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.Airbnb’s revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.13 earnings per share. Airbnb has set its Q4 2025 guidance at EPS. As a group, equities analysts forecast that Airbnb will post 4.31 EPS for the current year.

Insider Transactions at Airbnb

In other Airbnb news, CFO Elinor Mertz sold 12,184 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $127.65, for a total transaction of $1,555,287.60. Following the completion of the sale, the chief financial officer directly owned 444,070 shares of the company’s stock, valued at $56,685,535.50. This trade represents a 2.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nathan Blecharczyk sold 2,246 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $125.20, for a total transaction of $281,199.20. Following the completion of the sale, the insider owned 182,514 shares in the company, valued at approximately $22,850,752.80. This trade represents a 1.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,446,760 shares of company stock valued at $179,726,429 over the last quarter. 27.91% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Airbnb

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

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.