Airbnb, Inc. (NASDAQ:ABNB) Stock Has Average Target Price of $182.97

Airbnb, Inc. (NASDAQ:ABNB) has earned a consensus recommendation of “Moderate Buy” from the forty-two brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, twelve have assigned a hold recommendation, twenty-six have given a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $182.94.

ABNB has been the subject of a number of analyst reports. Citizens Jmp raised their price objective on shares of Airbnb from $190.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, September 18th. FBN Securities began coverage on shares of Airbnb in a research note on Friday, October 2nd. They issued an “outperform” rating on the stock. Benchmark increased their price target on shares of Airbnb from $160.00 to $180.00 and gave the company a “buy” rating in a report on Friday, August 7th. Wedbush raised shares of Airbnb from a “neutral” rating to an “outperform” rating and raised their price target for the company from $152.00 to $200.00 in a research report on Friday, August 7th. Finally, Truist Financial boosted their price objective on shares of Airbnb from $134.00 to $161.00 and gave the stock a “hold” rating in a report on Thursday, September 10th.

Insiders Place Their Bets

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction on Monday, September 28th. The stock was sold at an average price of $156.82, for a total value of $2,135,104.30. Following the completion of the sale, the insider owned 20,567 shares of the company’s stock, valued at approximately $3,225,316.94. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO David Bernstein sold 1,489 shares of the company’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $168.93, for a total value of $251,536.77. Following the transaction, the chief accounting officer directly owned 47,024 shares in the company, valued at approximately $7,943,764.32. The trade was a 3.07% 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 1,549,346 shares of company stock valued at $268,898,016. Corporate insiders own 27.21% of the company’s stock.

Institutional Trading of Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. Carmignac Gestion increased its holdings in Airbnb by 40.8% during the first quarter. Carmignac Gestion now owns 659,570 shares of the company’s stock valued at $83,290,000 after buying an additional 191,200 shares during the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of Airbnb by 21.7% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 42,696 shares of the company’s stock valued at $5,392,000 after acquiring an additional 7,613 shares during the period. NFJ Investment Group LLC bought a new stake in shares of Airbnb during the 4th quarter valued at $13,961,000. Plato Investment Management Ltd purchased a new stake in shares of Airbnb in the 2nd quarter worth $3,070,000. Finally, SummitTX Capital L.P. bought a new position in Airbnb in the 1st quarter worth $2,645,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Airbnb Stock Performance

Airbnb stock opened at $160.63 on Monday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $96.18 billion, a P/E ratio of 36.51, a PEG ratio of 1.84 and a beta of 1.24. The stock’s 50 day moving average is $171.13 and its 200 day moving average is $149.54. Airbnb has a twelve month low of $110.81 and a twelve month high of $193.45.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The company had revenue of $3.61 billion during the quarter, compared to analyst estimates of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The firm’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the company earned $1.03 EPS. On average, equities research analysts predict that Airbnb will post 5.28 earnings per share for the current fiscal year.

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel-related experiences with hosts offering homes, apartments, rooms and other lodging options. The company’s platform supports booking and managing stays in a wide range of destinations, from major cities to rural and resort areas.

In addition to accommodations, Airbnb offers experiences hosted by local residents, including activities, tours and cultural events. The company has also expanded its platform to include services in select markets, such as offerings related to hospitality, wellness, food and other travel needs.