Airbnb, Inc. (NASDAQ:ABNB) Receives $142.72 Average PT from Brokerages

Key Points

• Airbnb, Inc. has received an average analyst rating of "Hold" from 39 research firms, with a mix of buy and sell recommendations leading to a 12-month price target of approximately $142.72.
• Recent insider transactions include a significant stock sale by Director Joseph Gebbia, who offloaded 236,000 shares at $129.46 each, reducing his stake by 20%.
• Airbnb's latest quarterly earnings exceeded estimates with an EPS of $1.03 and revenue of $3.10 billion, marking a 12.7% year-over-year increase.

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have been given a consensus rating of "Hold" by the thirty-nine ratings firms that are currently covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $142.6552.

A number of research firms have weighed in on ABNB. JPMorgan Chase & Co. upped their target price on Airbnb from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Barclays set a $105.00 target price on Airbnb and gave the stock an "underweight" rating in a research report on Thursday, August 7th. Truist Financial cut their target price on Airbnb from $106.00 to $104.00 and set a "sell" rating for the company in a research report on Wednesday. Wedbush cut their target price on Airbnb from $135.00 to $130.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Finally, Wells Fargo & Company set a $110.00 target price on Airbnb and gave the stock an "underweight" rating in a research report on Thursday, August 7th.

Airbnb Price Performance

Shares of NASDAQ ABNB traded down $2.70 during midday trading on Friday, hitting $124.89. 3,147,850 shares of the company's stock were exchanged, compared to its average volume of 5,222,745. The stock's 50 day moving average price is $132.11 and its 200-day moving average price is $130.03. The firm has a market cap of $77.61 billion, a P/E ratio of 30.23, a PEG ratio of 2.38 and a beta of 1.13. Airbnb has a twelve month low of $99.88 and a twelve month high of $163.93.

Airbnb (NASDAQ:ABNB - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.11. The business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $3.02 billion. Airbnb had a return on equity of 32.19% and a net margin of 22.67%.The business's revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.86 earnings per share. On average, analysts expect that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, July 24th. The stock was sold at an average price of $142.00, for a total value of $710,000.00. Following the completion of the sale, the chief accounting officer directly owned 42,619 shares in the company, valued at $6,051,898. This represents a 10.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Nathan Blecharczyk sold 2,246 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $125.20, for a total value of $281,199.20. Following the sale, the insider owned 182,514 shares of the company's stock, valued at $22,850,752.80. This trade represents a 1.22% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,434,296 shares of company stock valued at $191,087,168. 27.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

A number of institutional investors and hedge funds have recently modified their holdings of the stock. MJP Associates Inc. ADV lifted its position in shares of Airbnb by 1.8% during the 4th quarter. MJP Associates Inc. ADV now owns 3,730 shares of the company's stock valued at $490,000 after acquiring an additional 67 shares during the last quarter. DDD Partners LLC lifted its position in shares of Airbnb by 3.9% during the 2nd quarter. DDD Partners LLC now owns 2,041 shares of the company's stock valued at $270,000 after acquiring an additional 76 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Airbnb by 1.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 5,058 shares of the company's stock valued at $604,000 after acquiring an additional 78 shares during the last quarter. Ellevest Inc. boosted its position in shares of Airbnb by 3.1% in the fourth quarter. Ellevest Inc. now owns 2,655 shares of the company's stock worth $349,000 after buying an additional 80 shares during the period. Finally, Harbour Investments Inc. grew its holdings in shares of Airbnb by 12.2% during the first quarter. Harbour Investments Inc. now owns 738 shares of the company's stock valued at $88,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company's stock.

Airbnb Company Profile

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.