Brokerages Set Airbnb, Inc. (NASDAQ:ABNB) Price Target at $146.94

Shares of Airbnb, Inc. (NASDAQ:ABNB - Get Free Report) have been given an average recommendation of "Hold" by the thirty-seven analysts that are presently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, seventeen have assigned a hold recommendation, fourteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $145.59.

A number of research firms have commented on ABNB. B. Riley boosted their price target on shares of Airbnb from $131.00 to $145.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Gordon Haskett raised shares of Airbnb from a "sell" rating to a "hold" rating and set a $143.00 target price for the company in a research note on Friday, February 14th. Argus upgraded shares of Airbnb from a "hold" rating to a "buy" rating in a research report on Wednesday, February 19th. Jefferies Financial Group upgraded Airbnb from a "hold" rating to a "buy" rating and increased their price objective for the company from $165.00 to $185.00 in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. decreased their target price on Airbnb from $160.00 to $115.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 700 shares of the stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $129.58, for a total value of $90,706.00. Following the completion of the transaction, the chief technology officer now owns 181,914 shares of the company's stock, valued at $23,572,416.12. This represents a 0.38 % 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, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $129.87, for a total value of $4,994,930.07. Following the sale, the chief executive officer now directly owns 12,421,986 shares in the company, valued at $1,613,243,321.82. The trade was a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,998,146 shares of company stock valued at $272,401,900 in the last 90 days. 27.83% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Airbnb

Several large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Airbnb in the fourth quarter valued at approximately $25,000. Berbice Capital Management LLC bought a new position in Airbnb in the 4th quarter valued at $26,000. Park Square Financial Group LLC bought a new stake in Airbnb during the 4th quarter worth about $26,000. Orion Capital Management LLC acquired a new position in Airbnb in the fourth quarter valued at approximately $28,000. Finally, Graney & King LLC acquired a new position in Airbnb in the fourth quarter valued at about $32,000. Institutional investors own 80.76% of the company's stock.

Airbnb Stock Performance

ABNB stock traded down $3.57 during trading on Monday, hitting $121.92. 7,521,651 shares of the company's stock traded hands, compared to its average volume of 4,831,179. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.24. The stock has a fifty day moving average price of $124.38 and a two-hundred day moving average price of $131.78. Airbnb has a 52 week low of $99.88 and a 52 week high of $165.50. The stock has a market capitalization of $76.88 billion, a price-to-earnings ratio of 29.52, a price-to-earnings-growth ratio of 3.52 and a beta of 1.15.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, equities analysts anticipate that Airbnb will post 4.31 EPS for the current fiscal year.

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.