Research Analysts’ Recent Ratings Updates for Airbnb (ABNB)

Airbnb (NASDAQ: ABNB) has recently received a number of price target changes and ratings updates:

• 4/24/2024 – Airbnb was upgraded by analysts at Mizuho from a “neutral” rating to a “buy” rating. They now have a $200.00 price target on the stock, up previously from $150.00.
• 4/18/2024 – Airbnb had its “neutral” rating reaffirmed by analysts at Wedbush. They now have a $160.00 price target on the stock.
• 4/11/2024 – Airbnb had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 4/11/2024 – Airbnb is now covered by analysts at Benchmark Co.. They set a “buy” rating and a $190.00 price target on the stock.
• 4/5/2024 – Airbnb had its price target raised by analysts at Tigress Financial from $185.00 to $195.00. They now have a “buy” rating on the stock.
• 4/3/2024 – Airbnb is now covered by analysts at B. Riley. They set a “neutral” rating and a $150.00 price target on the stock.
• 4/3/2024 – Airbnb is now covered by analysts at B. Riley Financial, Inc.. They set a “neutral” rating and a $150.00 price target on the stock.
• 4/1/2024 – Airbnb had its price target raised by analysts at Wells Fargo & Company from $107.00 to $127.00. They now have an “underweight” rating on the stock.
• 3/15/2024 – Airbnb had its “neutral” rating reaffirmed by analysts at DA Davidson. They now have a $145.00 price target on the stock.
• 3/14/2024 – Airbnb had its price target raised by analysts at Bank of America Co. from $155.00 to $168.00. They now have a “neutral” rating on the stock.
• 3/14/2024 – Airbnb had its price target raised by analysts at Truist Financial Co. from $118.00 to $131.00. They now have a “hold” rating on the stock.

Airbnb Trading Down 1.2 %

Shares of ABNB stock opened at $162.25 on Tuesday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.24. Airbnb, Inc. has a 12-month low of $103.55 and a 12-month high of $170.10. The stock has a market capitalization of $104.99 billion, a P/E ratio of 22.41, a P/E/G ratio of 2.18 and a beta of 1.25. The firm’s 50 day moving average is $160.63 and its 200 day moving average is $143.86.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $0.09. The firm had revenue of $2.22 billion for the quarter, compared to the consensus estimate of $2.16 billion. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. Research analysts expect that Airbnb, Inc. will post 4.47 earnings per share for the current year.

Insider Activity at Airbnb

In other news, insider Nathan Blecharczyk sold 60,000 shares of Airbnb stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the transaction, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Brian Chesky sold 76,912 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $147.79, for a total value of $11,366,824.48. Following the completion of the sale, the chief executive officer now directly owns 14,545,529 shares of the company’s stock, valued at approximately $2,149,683,730.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 60,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The stock was sold at an average price of $146.58, for a total transaction of $8,794,800.00. Following the sale, the insider now owns 473,762 shares in the company, valued at approximately $69,444,033.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 456,274 shares of company stock worth $72,410,859. 27.83% of the stock is owned by company insiders.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently modified their holdings of the company. CVA Family Office LLC bought a new position in Airbnb in the 4th quarter worth $26,000. Trust Co. of Vermont bought a new position in shares of Airbnb in the fourth quarter worth about $27,000. Orion Capital Management LLC purchased a new stake in shares of Airbnb during the third quarter worth about $27,000. Bfsg LLC bought a new stake in Airbnb during the 4th quarter valued at approximately $27,000. Finally, Westend Capital Management LLC purchased a new position in Airbnb in the 1st quarter worth approximately $33,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.