Airbnb (NASDAQ:ABNB) Stock Price Expected to Rise, Barclays Analyst Says

Airbnb (NASDAQ:ABNB - Free Report) had its target price lifted by Barclays from $103.00 to $104.00 in a report released on Wednesday morning,Benzinga reports. They currently have an underweight rating on the stock.

A number of other research firms have also recently weighed in on ABNB. B. Riley reduced their price objective on shares of Airbnb from $145.00 to $140.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Cantor Fitzgerald restated an "underweight" rating and set a $100.00 price objective on shares of Airbnb in a research report on Wednesday, May 14th. Wedbush cut shares of Airbnb from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $150.00 to $135.00 in a research report on Friday, May 2nd. Phillip Securities cut shares of Airbnb from a "hold" rating to a "moderate sell" rating in a research report on Friday, May 9th. Finally, Morgan Stanley increased their target price on shares of Airbnb from $125.00 to $130.00 and gave the company an "underweight" rating in a research report on Thursday, April 17th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $141.50.

Airbnb Price Performance

NASDAQ:ABNB traded down $0.11 during trading hours on Wednesday, hitting $139.19. 1,261,637 shares of the company were exchanged, compared to its average volume of 5,019,338. The stock has a market capitalization of $87.19 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.56 and a beta of 1.13. Airbnb has a 52-week low of $99.88 and a 52-week high of $163.93. The company's 50 day moving average price is $134.10 and its 200-day moving average price is $130.74.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.01). The business had revenue of $2.27 billion during the quarter, compared to analysts' expectations of $2.26 billion. Airbnb had a net margin of 22.60% and a return on equity of 30.91%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.41 earnings per share. On average, equities analysts predict that Airbnb will post 4.31 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, CFO Elinor Mertz sold 6,250 shares of the firm's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $135.86, for a total value of $849,125.00. Following the sale, the chief financial officer owned 461,361 shares of the company's stock, valued at $62,680,505.46. This trade represents a 1.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $137.21, for a total transaction of $82,326.00. Following the completion of the sale, the chief technology officer directly owned 210,977 shares in the company, valued at approximately $28,948,154.17. This trade represents a 0.28% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,629,043 shares of company stock valued at $210,678,753. 27.91% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

Hedge funds have recently added to or reduced their stakes in the company. Kentucky Trust Co acquired a new stake in Airbnb in the second quarter valued at approximately $25,000. Park Square Financial Group LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in Airbnb during the fourth quarter worth approximately $28,000. Stonebridge Financial Group LLC raised its holdings in Airbnb by 75.7% during the first quarter. Stonebridge Financial Group LLC now owns 246 shares of the company's stock worth $29,000 after purchasing an additional 106 shares in the last quarter. Finally, Bartlett & CO. Wealth Management LLC raised its holdings in Airbnb by 209.6% during the first quarter. Bartlett & CO. Wealth Management LLC now owns 257 shares of the company's stock worth $31,000 after purchasing an additional 174 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.