Airbnb (NASDAQ:ABNB) Price Target Raised to $200.00

Airbnb (NASDAQ:ABNB) had its price target increased by Citizens Jmp from $190.00 to $200.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a market outperform rating on the stock.

A number of other equities analysts also recently commented on ABNB. TD Cowen upgraded Airbnb to a “strong-buy” rating in a report on Monday, September 14th. KeyCorp reiterated a “sector weight” rating on shares of Airbnb in a report on Monday, August 10th. Weiss Ratings raised shares of Airbnb from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. The Goldman Sachs Group set a $170.00 price objective on shares of Airbnb in a report on Tuesday, July 28th. Finally, Canaccord Genuity Group set a $200.00 target price on shares of Airbnb in a research report on Friday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Airbnb has a consensus rating of “Moderate Buy” and a consensus price target of $181.74.

Airbnb Price Performance

ABNB stock opened at $166.22 on Friday. The stock has a market capitalization of $99.53 billion, a price-to-earnings ratio of 37.78, a PEG ratio of 1.90 and a beta of 1.16. The firm’s 50-day moving average price is $167.67 and its two-hundred day moving average price is $147.04. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.32. Airbnb has a 12-month low of $110.81 and a 12-month high of $193.45.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.11. The company had revenue of $3.61 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.Airbnb’s quarterly revenue was up 16.3% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. As a group, equities analysts predict that Airbnb will post 5.28 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, insider Nathan Blecharczyk sold 13,615 shares of Airbnb stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $172.36, for a total transaction of $2,346,681.40. Following the completion of the transaction, the insider directly owned 20,567 shares of the company’s stock, valued at $3,544,928.12. This trade represents a 39.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO David Bernstein sold 1,489 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of $168.93, for a total transaction of $251,536.77. Following the completion of the sale, the chief accounting officer owned 47,024 shares in the company, valued at approximately $7,943,764.32. This trade represents a 3.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 2,008,050 shares of company stock worth $336,626,970 over the last ninety days. Insiders own 27.21% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of the stock. Wedmont Private Capital increased its stake in Airbnb by 1.7% in the 2nd quarter. Wedmont Private Capital now owns 4,517 shares of the company’s stock worth $671,000 after buying an additional 75 shares in the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Airbnb by 1.3% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 5,754 shares of the company’s stock valued at $727,000 after acquiring an additional 76 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in shares of Airbnb by 11.4% in the second quarter. Parkside Financial Bank & Trust now owns 800 shares of the company’s stock valued at $114,000 after acquiring an additional 82 shares in the last quarter. Norman Fields Gottscho Capital Management LLC boosted its stake in shares of Airbnb by 3.0% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 3,085 shares of the company’s stock worth $441,000 after acquiring an additional 90 shares during the period. Finally, Root Financial Partners LLC boosted its stake in shares of Airbnb by 38.1% in the fourth quarter. Root Financial Partners LLC now owns 359 shares of the company’s stock worth $49,000 after acquiring an additional 99 shares during the period. 80.76% of the stock is owned by hedge funds and other institutional investors.

Airbnb News Summary

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Citizens JMP raised its price target from $190 to $200 and reiterated a “Market Outperform” rating. The new target implies approximately 20% upside from recent levels, reinforcing the bullish analyst outlook.
• Positive Sentiment: TD Cowen upgraded Airbnb to “Strong Buy.” The upgrade adds to a generally favorable consensus, which remains “Moderate Buy,” with an average price target of about $181.42.
• Positive Sentiment: Airbnb’s latest quarterly results showed solid operating momentum: earnings per share came in at $1.37 versus the $1.26 estimate, while revenue reached $3.61 billion, up 16.3% year over year and above expectations. The company also reported a 20.45% net margin and 33.38% return on equity. Airbnb Q2 earnings performance
• Neutral Sentiment: Morgan Stanley initiated coverage with a $170 price target, indicating limited near-term upside from recent trading levels. The target contrasts with the more optimistic $200 forecasts and highlights differing views on Airbnb’s valuation and growth prospects. Morgan Stanley Airbnb coverage
• Negative Sentiment: Insider selling could weigh on sentiment. Co-founder Nathan Blecharczyk sold 13,615 shares for approximately $2.35 million, reducing his direct ownership by 39.8%, while Chief Accounting Officer David Bernstein sold 1,489 shares worth about $251,537. Although the transactions may reflect personal diversification or scheduled sales, repeated insider selling can raise caution among investors. Airbnb insider selling report

Airbnb Company Profile

Airbnb, Inc operates a global online marketplace that connects guests seeking accommodations and travel activities with hosts and other service providers. Through its platform and mobile applications, users can search for, book and review a broad range of lodging options, including private homes, apartments, rooms and other distinctive properties.

The company also offers Airbnb Experiences, which enables guests to discover and book activities hosted by local experts. In addition, Airbnb has expanded into related travel services, including services designed to support hosts and help them manage listings, reservations and guest relationships.

Founded in 2008 by Brian Chesky, Joe Gebbia and Nathan Blecharczyk, Airbnb serves travelers and hosts across a broad international market, with listings and activities available in destinations around the world.