Airbnb (NASDAQ:ABNB – Get Free Report) had its target price upped by investment analysts at UBS Group from $157.00 to $163.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 7.48% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. HC Wainwright upgraded Airbnb to a “buy” rating in a research note on Monday, May 4th. CICC Research began coverage on Airbnb in a report on Friday, June 5th. They issued an “outperform” rating and a $165.00 price target for the company. Wells Fargo & Company lifted their price target on Airbnb from $178.00 to $181.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Morgan Stanley upped their price objective on shares of Airbnb from $120.00 to $125.00 and gave the company an “underweight” rating in a research note on Thursday. Finally, Citizens Jmp upped their price objective on shares of Airbnb from $160.00 to $170.00 and gave the company a “market outperform” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $160.65.
Check Out Our Latest Stock Report on ABNB
Airbnb Trading Down 0.9%
Airbnb (NASDAQ:ABNB – Get Free Report) last issued its quarterly 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 business 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%.The business’s revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.24 earnings per share. Analysts forecast that Airbnb will post 4.93 EPS for the current year.
Insider Activity at Airbnb
In other Airbnb news, CEO Brian Chesky sold 265,746 shares of Airbnb stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $132.22, for a total value of $35,136,936.12. Following the sale, the chief executive officer directly owned 11,206,389 shares in the company, valued at approximately $1,481,708,753.58. The trade was a 2.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Nathan Blecharczyk sold 88,366 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $145.81, for a total value of $12,884,646.46. Following the transaction, the insider owned 12,370 shares of the company’s stock, valued at $1,803,669.70. This represents a 87.72% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 2,510,479 shares of company stock worth $349,064,808. 27.21% of the stock is owned by company insiders.
Hedge Funds Weigh In On Airbnb
Several large investors have recently modified their holdings of the stock. Transamerica Financial Advisors LLC grew its holdings in Airbnb by 143.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock valued at $26,000 after purchasing an additional 112 shares during the last quarter. ORG Partners LLC lifted its position in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after purchasing an additional 96 shares during the period. Entrust Financial LLC purchased a new stake in shares of Airbnb during the 4th quarter worth $27,000. Meeder Asset Management Inc. boosted its stake in Airbnb by 96.3% in the first quarter. Meeder Asset Management Inc. now owns 214 shares of the company’s stock valued at $27,000 after acquiring an additional 105 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its holdings in Airbnb by 397.7% in the third quarter. Sunbelt Securities Inc. now owns 219 shares of the company’s stock worth $27,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.
Trending Headlines about Airbnb
Here are the key news stories impacting Airbnb this week:
- Positive Sentiment: Airbnb is expected to deliver year-over-year earnings growth in next week’s quarterly report, and Zacks believes the company has factors that could support an earnings beat. The report is likely to be the stock’s next major catalyst. Airbnb Earnings Expectations
- Neutral Sentiment: Airbnb’s stock has maintained strong momentum, trading above its 50-day and 200-day moving averages. However, its valuation remains elevated, with a price-to-earnings ratio near 37, leaving the shares sensitive to any earnings or outlook disappointment. Airbnb Momentum Analysis
- Negative Sentiment: Morgan Stanley raised its price target from $120 to $125 but maintained an “underweight” rating. The new target remains well below recent trading levels, signaling that the firm views Airbnb as overvalued and sees meaningful downside risk. Morgan Stanley Price Target Update
- Negative Sentiment: Director Joseph Gebbia sold 265,000 shares for approximately $38.6 million, reducing his direct ownership by 12.66%. Founder Nathan Blecharczyk also sold 13,615 shares and has reported several additional sales. Although insider transactions can reflect personal financial planning, the repeated selling may weigh on investor sentiment. Airbnb Insider Selling
- Negative Sentiment: Investors continue to compare Airbnb unfavorably with Booking Holdings, citing Airbnb’s premium valuation, smaller scale and exposure to short-term-rental regulations. These concerns could limit upside even if travel demand remains healthy. Airbnb Versus Booking
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.
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