Analysts Set Airbnb, Inc. (NASDAQ:ABNB) PT at $157.67

Airbnb, Inc. (NASDAQ:ABNBGet Free Report) has been given an average recommendation of “Moderate Buy” by the thirty-eight research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, thirteen have issued a hold recommendation, twenty-two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year target price among analysts that have covered the stock in the last year is $157.76.

A number of research firms recently commented on ABNB. Robert W. Baird set a $150.00 price target on Airbnb in a research report on Friday, May 8th. Evercore reissued an “outperform” rating on shares of Airbnb in a research report on Friday, May 8th. Citizens Jmp increased their price target on Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research report on Friday, May 8th. Wedbush raised Airbnb from a “neutral” rating to a “neutral” rating in a research report on Monday, May 4th. Finally, Susquehanna increased their price target on Airbnb from $150.00 to $170.00 and gave the company a “positive” rating in a research report on Friday, May 8th.

View Our Latest Report on Airbnb

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 265,000 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $135.45, for a total value of $35,894,250.00. Following the completion of the sale, the director directly owned 3,182,355 shares of the company’s stock, valued at approximately $431,049,984.75. This represents a 7.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian Chesky sold 62,764 shares of the stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $134.00, for a total value of $8,410,376.00. Following the completion of the sale, the chief executive officer directly owned 10,855,175 shares of the company’s stock, valued at $1,454,593,450. The trade was a 0.57% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 1,612,370 shares of company stock valued at $217,546,338. 27.21% of the stock is owned by insiders.

Institutional Investors Weigh In On Airbnb

Several large investors have recently made changes to their positions in ABNB. Harris Associates L P increased its position in shares of Airbnb by 43.2% during the 2nd quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock valued at $1,884,168,000 after purchasing an additional 4,292,383 shares during the last quarter. Independent Franchise Partners LLP purchased a new stake in shares of Airbnb during the 3rd quarter valued at $505,672,000. Norges Bank purchased a new stake in shares of Airbnb during the 4th quarter valued at $480,332,000. Jennison Associates LLC increased its position in shares of Airbnb by 9,331.0% during the 1st quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock valued at $400,681,000 after purchasing an additional 3,139,315 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Airbnb by 453.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares during the last quarter. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $133.54 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.32. Airbnb has a twelve month low of $110.81 and a twelve month high of $147.25. The stock’s 50 day moving average is $134.32 and its 200-day moving average is $130.65. The firm has a market capitalization of $80.49 billion, a price-to-earnings ratio of 32.89, a PEG ratio of 1.43 and a beta of 1.16.

Airbnb (NASDAQ:ABNBGet Free Report) last issued its earnings results on Thursday, May 7th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.05). The firm had revenue of $2.68 billion for the quarter, compared to analyst estimates of $2.62 billion. Airbnb had a return on equity of 31.24% and a net margin of 19.90%.Airbnb’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.24 earnings per share. Sell-side analysts forecast that Airbnb will post 4.91 EPS for the current fiscal year.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

About Airbnb

(Get Free Report)

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.

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Analyst Recommendations for Airbnb (NASDAQ:ABNB)

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