Analysts Set Airbnb, Inc. (NASDAQ:ABNB) PT at $146.48

Airbnb, Inc. (NASDAQ:ABNB) has been given an average recommendation of “Hold” by the thirty-eight ratings firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $148.15.

A number of analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Airbnb from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 14th. Benchmark raised their target price on shares of Airbnb from $150.00 to $178.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Truist Financial cut their target price on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research note on Wednesday, December 4th. Bank of America raised their target price on shares of Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Airbnb in a research note on Friday, February 14th.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 183,078 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $158.00, for a total transaction of $28,926,324.00. Following the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $26,046,300. This trade represents a 52.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $130.18, for a total transaction of $91,126.00. Following the completion of the transaction, the chief technology officer now directly owns 172,119 shares of the company’s stock, valued at $22,406,451.42. This trade represents a 0.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,269,494 shares of company stock valued at $318,203,453. 27.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Golden State Wealth Management LLC bought a new stake in Airbnb during the fourth quarter valued at about $25,000. Hollencrest Capital Management grew its position in shares of Airbnb by 6,666.7% in the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Berbice Capital Management LLC bought a new position in shares of Airbnb during the 4th quarter worth approximately $26,000. Park Square Financial Group LLC purchased a new stake in Airbnb during the fourth quarter valued at approximately $26,000. Finally, Orion Capital Management LLC acquired a new stake in Airbnb in the fourth quarter valued at approximately $28,000. 80.76% of the stock is currently owned by hedge funds and other institutional investors.

Airbnb Stock Performance

Shares of NASDAQ ABNB opened at $122.86 on Friday. The firm has a fifty day moving average price of $136.23 and a 200-day moving average price of $132.96. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. The stock has a market cap of $77.47 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. Equities analysts anticipate that Airbnb will post 4.31 earnings per share for the current fiscal year.

About Airbnb

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.