Airbnb (NASDAQ:ABNB) Given New $175.00 Price Target at Citigroup

Airbnb (NASDAQ:ABNB) had its price objective upped by Citigroup from $155.00 to $175.00 in a report issued on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts have also issued reports about the stock. Robert W. Baird set a $150.00 price target on shares of Airbnb in a research report on Friday. Oppenheimer upgraded shares of Airbnb from a “market perform” rating to an “outperform” rating and set a $180.00 price target on the stock in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Airbnb in a report on Monday, April 20th. Benchmark increased their target price on Airbnb from $145.00 to $160.00 and gave the company a “buy” rating in a report on Friday. Finally, HSBC cut Airbnb from a “hold” rating to a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Airbnb currently has an average rating of “Moderate Buy” and an average target price of $157.04.

Airbnb Stock Up 0.7%

NASDAQ:ABNB opened at $141.49 on Friday. The company has a market capitalization of $86.13 billion, a PE ratio of 34.85, a price-to-earnings-growth ratio of 1.71 and a beta of 1.20. Airbnb has a 52-week low of $110.81 and a 52-week high of $147.25. The stock has a fifty day simple moving average of $133.41 and a 200-day simple moving average of $129.30.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate 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 30.71% and a net margin of 19.90%.The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period last year, the firm earned $0.24 EPS. As a group, equities analysts anticipate that Airbnb will post 4.95 earnings per share for the current year.

Insider Activity at Airbnb

In related news, Director Joseph Gebbia sold 58,000 shares of the company’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $126.16, for a total transaction of $7,317,280.00. Following the transaction, the director owned 170,015 shares of the company’s stock, valued at approximately $21,449,092.40. This represents a 25.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Nathan Blecharczyk sold 24,788 shares of the company’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of $145.86, for a total transaction of $3,615,577.68. Following the transaction, the insider directly owned 11,920 shares in the company, valued at $1,738,651.20. The trade was a 67.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 457,075 shares of company stock worth $60,358,795 in the last three months. Insiders own 27.21% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Large investors have recently added to or reduced their stakes in the business. Transamerica Financial Advisors LLC lifted its position in Airbnb by 143.6% during the fourth quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company’s stock worth $26,000 after buying an additional 112 shares during the period. ORG Partners LLC lifted its position in Airbnb by 97.0% during the fourth quarter. ORG Partners LLC now owns 195 shares of the company’s stock worth $26,000 after buying an additional 96 shares during the period. Entrust Financial LLC purchased a new position in Airbnb during the fourth quarter worth about $27,000. Aster Capital Management DIFC Ltd purchased a new position in Airbnb during the third quarter worth about $25,000. Finally, Aventura Private Wealth LLC purchased a new position in Airbnb during the fourth quarter worth about $29,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Airbnb

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Citigroup, RBC, Citizens JMP, and Susquehanna all raised their price targets on Airbnb and maintained bullish or positive ratings, signaling Wall Street sees more upside after the latest earnings and guidance update. Analyst price target upgrades for Airbnb
• Positive Sentiment: Airbnb’s Q1 revenue came in above expectations and the company lifted its full-year sales outlook, reinforcing the view that travel demand remains healthy despite macro and geopolitical noise. Airbnb Raises Outlook, Citing Resilient Travel Demand
• Positive Sentiment: Management said AI is improving efficiency across the business, with Airbnb noting that AI now writes a large share of new code and may reshape job roles, which could support margins over time. Airbnb says AI now writes 60% of its new code
• Positive Sentiment: Several analysts reiterated buy or outperform views, and broker sentiment remains moderately bullish overall, which can help support the stock near current levels. Airbnb maintained at Buy by Citi
• Neutral Sentiment: Airbnb beat revenue estimates but missed earnings per share expectations, creating a mixed headline that limits enthusiasm even as top-line growth stays strong. Airbnb beats expectations for revenue and gross bookings value
• Neutral Sentiment: Comments about elevated cancellations in EMEA and Asia-Pacific due to the Middle East conflict add uncertainty, but they do not yet appear to be derailing demand overall. Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war
• Negative Sentiment: The company still missed profit estimates, which reminds investors that earnings leverage remains uneven despite solid revenue growth. Airbnb misses profit estimates despite revenue beat

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.