Airbnb (NASDAQ:ABNB) Price Target Raised to $151.00

Airbnb (NASDAQ:ABNB) had its target price hoisted by research analysts at BMO Capital Markets from $135.00 to $151.00 in a research report issued on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the stock. BMO Capital Markets’ price objective would suggest a potential upside of 1.88% from the stock’s previous close.

A number of other brokerages also recently issued reports on ABNB. Truist Financial increased their price target on Airbnb from $118.00 to $131.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Mizuho raised Airbnb from a “neutral” rating to a “buy” rating and raised their target price for the company from $150.00 to $200.00 in a report on Wednesday, April 24th. Piper Sandler reaffirmed a “neutral” rating and issued a $155.00 target price (up previously from $145.00) on shares of Airbnb in a report on Thursday. B. Riley started coverage on Airbnb in a report on Wednesday, April 3rd. They issued a “neutral” rating and a $150.00 target price on the stock. Finally, Tigress Financial raised their target price on Airbnb from $185.00 to $195.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Four research analysts have rated the stock with a sell rating, twenty have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $150.79.

Airbnb Stock Performance

Shares of Airbnb stock traded down $9.69 on Thursday, hitting $148.21. The stock had a trading volume of 8,257,572 shares, compared to its average volume of 4,506,991. Airbnb has a twelve month low of $103.55 and a twelve month high of $170.10. The business’s 50 day moving average is $161.68 and its two-hundred day moving average is $145.50. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.24. The stock has a market cap of $95.90 billion, a price-to-earnings ratio of 20.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.24.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.23 by $0.18. Airbnb had a return on equity of 40.96% and a net margin of 48.32%. The company had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was up 17.8% on a year-over-year basis. Analysts forecast that Airbnb will post 4.47 EPS for the current year.

Insider Buying and Selling

In related news, CTO Aristotle N. Balogh sold 75,500 shares of the company’s stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $155.31, for a total value of $11,725,905.00. Following the transaction, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 75,500 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $155.31, for a total transaction of $11,725,905.00. Following the transaction, the chief technology officer now directly owns 146,131 shares in the company, valued at $22,695,605.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $163.00, for a total value of $97,800.00. Following the sale, the chief technology officer now directly owns 144,931 shares of the company’s stock, valued at approximately $23,623,753. The disclosure for this sale can be found here. Over the last three months, insiders have sold 396,874 shares of company stock worth $63,712,671. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp lifted its stake in Airbnb by 79.2% in the third quarter. Mackenzie Financial Corp now owns 41,162 shares of the company’s stock worth $5,258,000 after acquiring an additional 18,196 shares during the period. Chicago Partners Investment Group LLC lifted its position in Airbnb by 5.1% during the third quarter. Chicago Partners Investment Group LLC now owns 1,823 shares of the company’s stock valued at $250,000 after buying an additional 89 shares during the period. Advisor Partners II LLC lifted its position in Airbnb by 32.5% during the third quarter. Advisor Partners II LLC now owns 8,207 shares of the company’s stock valued at $1,126,000 after buying an additional 2,013 shares during the period. Oregon Public Employees Retirement Fund purchased a new position in Airbnb during the third quarter valued at $4,528,000. Finally, TD Asset Management Inc lifted its position in Airbnb by 51.3% during the third quarter. TD Asset Management Inc now owns 242,862 shares of the company’s stock valued at $33,323,000 after buying an additional 82,335 shares during the period. Hedge funds and other institutional investors 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.