Analysts’ Recent Ratings Changes for Airbnb (ABNB)

Airbnb (NASDAQ: ABNB) has recently received a number of price target changes and ratings updates:

• 11/11/2024 – Airbnb had its price target raised by analysts at Susquehanna from $130.00 to $160.00. They now have a “positive” rating on the stock.
• 11/11/2024 – Airbnb had its price target raised by analysts at Citigroup Inc. from $135.00 to $158.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Barclays PLC from $100.00 to $110.00. They now have an “underweight” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Wedbush from $135.00 to $155.00. They now have an “outperform” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at JPMorgan Chase & Co. from $121.00 to $142.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Robert W. Baird from $120.00 to $140.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at Piper Sandler from $125.00 to $145.00. They now have a “neutral” rating on the stock.
• 11/8/2024 – Airbnb had its price target raised by analysts at TD Cowen from $150.00 to $155.00. They now have a “buy” rating on the stock.
• 11/8/2024 – Airbnb had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $155.00 price target on the stock.
• 10/23/2024 – Airbnb had its price target raised by analysts at UBS Group AG from $134.00 to $144.00. They now have a “neutral” rating on the stock.
• 10/22/2024 – Airbnb had its price target raised by analysts at Jefferies Financial Group Inc. from $120.00 to $135.00. They now have a “hold” rating on the stock.
• 10/11/2024 – Airbnb had its “hold” rating reaffirmed by analysts at Bank of America Co.. They now have a $142.00 price target on the stock, up previously from $132.00.
• 10/8/2024 – Airbnb had its price target raised by analysts at Wells Fargo & Company from $100.00 to $102.00. They now have an “underweight” rating on the stock.
• 10/7/2024 – Airbnb had its “underweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $94.00 price target on the stock.
• 9/30/2024 – Airbnb had its “underweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $94.00 price target on the stock.
• 9/27/2024 – Airbnb is now covered by analysts at Raymond James. They set a “market perform” rating and a $134.00 price target on the stock.
• 9/23/2024 – Airbnb had its “underweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $94.00 price target on the stock.
• 9/17/2024 – Airbnb had its price target lowered by analysts at Sanford C. Bernstein from $174.00 to $155.00. They now have an “outperform” rating on the stock.
• 9/13/2024 – Airbnb had its price target lowered by analysts at Mizuho from $175.00 to $170.00. They now have an “outperform” rating on the stock.

Airbnb Trading Up 2.1 %

Shares of Airbnb stock opened at $137.40 on Tuesday. The firm’s 50 day simple moving average is $129.54 and its two-hundred day simple moving average is $137.20. The firm has a market capitalization of $88.16 billion, a price-to-earnings ratio of 48.21, a PEG ratio of 1.90 and a beta of 1.15. Airbnb, Inc. has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last issued its earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The firm had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 33.36%. During the same quarter in the prior year, the company earned $2.39 EPS. Analysts predict that Airbnb, Inc. will post 4.07 EPS for the current year.

Insider Transactions at Airbnb

In other news, Director Joseph Gebbia sold 11,635 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Joseph Gebbia sold 11,635 shares of Airbnb stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the transaction, the director now owns 16,472 shares in the company, valued at approximately $2,259,958.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,806 shares of company stock valued at $51,809,831 in the last ninety days. 27.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ABNB. Transcendent Capital Group LLC purchased a new position in shares of Airbnb during the 1st quarter worth approximately $25,000. Northwest Investment Counselors LLC acquired a new position in Airbnb during the third quarter worth $25,000. Hollencrest Capital Management boosted its position in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after buying an additional 200 shares during the period. New Millennium Group LLC acquired a new stake in shares of Airbnb in the second quarter valued at $28,000. Finally, Cultivar Capital Inc. purchased a new stake in shares of Airbnb in the 2nd quarter valued at $30,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.