Airbnb (NASDAQ:ABNB) Upgraded at Rothschild Redburn

Rothschild Redburn upgraded shares of Airbnb (NASDAQ:ABNB) from a sell rating to a neutral rating in a report issued on Monday morning,FinViz reports. They currently have $190.00 price objective on the stock, up from their previous price objective of $135.00.

A number of other equities research analysts have also issued reports on ABNB. Citizens Jmp upped their target price on Airbnb from $190.00 to $200.00 and gave the company a “market outperform” rating in a research note on Friday, September 18th. Wall Street Zen cut Airbnb from a “buy” rating to a “hold” rating in a report on Sunday, October 4th. Wells Fargo & Company raised their price target on Airbnb from $185.00 to $215.00 and gave the stock an “overweight” rating in a research report on Friday, November 6th. Piper Sandler reissued a “neutral” rating and issued a $180.00 price target (up from $170.00) on shares of Airbnb in a report on Friday, November 6th. Finally, Gordon Haskett upped their price objective on Airbnb from $146.00 to $180.00 and gave the company a “hold” rating in a research report on Thursday, September 10th. Two analysts have rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, fifteen have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.46.

Airbnb Price Performance

Shares of NASDAQ ABNB opened at $181.13 on Monday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $169.13 and its 200 day moving average price is $148.51. Airbnb has a 52 week low of $110.81 and a 52 week high of $197.87. The stock has a market cap of $108.46 billion, a price-to-earnings ratio of 33.86, a PEG ratio of 1.98 and a beta of 1.26.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, November 5th. The company reported $3.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.85 by $0.31. Airbnb had a net margin of 23.02% and a return on equity of 38.94%. The company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.75 billion. During the same quarter in the previous year, the business posted $2.21 earnings per share. The firm’s quarterly revenue was up 18.9% compared to the same quarter last year. As a group, research analysts forecast that Airbnb will post 5.49 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 13,625 shares of Airbnb stock in a transaction on Monday, November 9th. The stock was sold at an average price of $194.37, for a total value of $2,648,291.25. Following the completion of the sale, the insider owned 20,567 shares of the company’s stock, valued at $3,997,607.79. The trade was a 39.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO David C. Bernstein sold 1,756 shares of the company’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $167.38, for a total value of $293,919.28. Following the completion of the transaction, the chief accounting officer owned 43,899 shares of the company’s stock, valued at $7,347,814.62. The trade was a 3.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 638,891 shares of company stock valued at $120,204,649 over the last ninety days. 27.21% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Jennison Associates LLC boosted its position in 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 period. Wellington Management Group LLP increased its position in Airbnb by 80.6% in the second quarter. Wellington Management Group LLP now owns 5,785,665 shares of the company’s stock worth $827,929,000 after buying an additional 2,581,539 shares during the period. Bank of New York Mellon Corp acquired a new stake in Airbnb in the second quarter worth $330,085,000. Assenagon Asset Management S.A. increased its position in Airbnb by 114.6% in the third quarter. Assenagon Asset Management S.A. now owns 3,401,521 shares of the company’s stock worth $546,454,000 after buying an additional 1,816,522 shares during the period. Finally, MKA Charitable Fund bought a new stake in Airbnb in the second quarter valued at $232,515,606. Institutional investors and hedge funds own 80.76% of the company’s stock.

Trending Headlines about Airbnb

Here are a few of the latest headlines about ABNB:

• Positive Sentiment: Airbnb beat third-quarter earnings and revenue estimates, with revenue up 18.9% year over year. Its newly authorized $12 billion share-repurchase program adds another potential source of support for shareholders. Airbnb earnings and buyback
• Positive Sentiment: Airbnb says AI-assistant improvements cut customer-support cost per booking by 17% year over year, offering evidence that AI can improve operating efficiency. The company is also developing its own AI travel agent. Customer-support cost savings
• Neutral Sentiment: Airbnb and other platforms report negligible bookings through outside AI agents so far. That suggests limited immediate disruption, though third-party AI booking is not yet a meaningful growth channel. Limited use of AI agents

About Airbnb

Airbnb operates an online marketplace that connects travelers with hosts offering short-term stays and other travel-related services. Listings include apartments, houses, rooms and distinctive accommodations, with options ranging from brief visits to longer stays. The platform also offers bookable experiences in destinations around the world. Founded in 2007 in San Francisco, Airbnb was started by Brian Chesky, Nathan Blecharczyk and Joe Gebbia. The company serves guests and hosts in more than 220 countries and regions, providing tools for listing properties, managing reservations and handling payments.