Airbnb (NASDAQ:ABNB) Given New $185.00 Price Target at Tigress Financial

Key Points

• Tigress Financial cut its price target on Airbnb to $185 (from $200) while keeping a "buy" rating, implying roughly a 40.9% upside from the prior close.
• Analyst sentiment is mixed — MarketBeat shows a consensus rating of "Hold" with an average price target of $149.40 (1 Strong Buy, 14 Buy, 17 Hold, 1 Sell).
• Airbnb's latest quarter missed EPS at $0.56 versus $0.66 expected but beat revenue at $2.78B (net margin 20.51%, ROE 30.88%), signaling revenue strength despite earnings pressure.

Airbnb (NASDAQ:ABNB - Get Free Report) had its price target cut by investment analysts at Tigress Financial from $200.00 to $185.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Tigress Financial's price target would suggest a potential upside of 40.93% from the company's previous close.

Several other research analysts also recently commented on the stock. TD Cowen boosted their price objective on shares of Airbnb from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, February 13th. Benchmark lowered their price objective on shares of Airbnb from $155.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, February 13th. Argus raised Airbnb to a "strong-buy" rating in a research note on Tuesday, February 17th. Citigroup raised Airbnb from a "neutral" rating to an "outperform" rating in a research note on Wednesday, February 4th. Finally, BMO Capital Markets boosted their target price on Airbnb from $130.00 to $140.00 and gave the stock a "market perform" rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, seventeen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $149.40.

Airbnb Price Performance

ABNB stock traded up $6.31 during midday trading on Wednesday, reaching $131.28. The company had a trading volume of 2,223,955 shares, compared to its average volume of 4,488,183. The company has a market capitalization of $79.91 billion, a price-to-earnings ratio of 32.49, a price-to-earnings-growth ratio of 1.53 and a beta of 1.15. The stock has a 50 day moving average price of $127.78 and a 200-day moving average price of $126.99. Airbnb has a 1-year low of $105.39 and a 1-year high of $143.88.

Airbnb (NASDAQ:ABNB - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The company reported $0.56 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.10). The company had revenue of $2.78 billion during the quarter, compared to analyst estimates of $2.71 billion. Airbnb had a net margin of 20.51% and a return on equity of 30.88%. The firm's revenue for the quarter was up 12.9% compared to the same quarter last year. During the same period last year, the firm earned $0.73 EPS. As a group, research analysts anticipate that Airbnb will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In other news, CFO Elinor Mertz sold 3,750 shares of the company's stock in a transaction on Monday, March 2nd. The shares were sold at an average price of $130.00, for a total transaction of $487,500.00. Following the completion of the transaction, the chief financial officer directly owned 402,417 shares in the company, valued at approximately $52,314,210. This represents a 0.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 4,260 shares of the company's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the transaction, the insider owned 49,250 shares of the company's stock, valued at $6,170,532.50. This trade represents a 7.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 359,760 shares of company stock worth $46,669,275. Corporate insiders own 27.83% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Airbnb in the 3rd quarter valued at about $25,000. ORG Partners LLC grew its stake in shares of Airbnb by 97.0% in the 4th quarter. ORG Partners LLC now owns 195 shares of the company's stock valued at $26,000 after buying an additional 96 shares during the period. Transamerica Financial Advisors LLC grew its stake in shares of Airbnb by 143.6% in the 4th quarter. Transamerica Financial Advisors LLC now owns 190 shares of the company's stock valued at $26,000 after buying an additional 112 shares during the period. Entrust Financial LLC acquired a new stake in shares of Airbnb in the 4th quarter valued at about $27,000. Finally, Sunbelt Securities Inc. grew its stake in shares of Airbnb by 397.7% in the 3rd quarter. Sunbelt Securities Inc. now owns 219 shares of the company's stock valued at $27,000 after buying an additional 175 shares during the period. Institutional investors and hedge funds own 80.76% of the company's stock.

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.

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