Wedbush Increases Airbnb (NASDAQ:ABNB) Price Target to $155.00

Airbnb (NASDAQ:ABNB) had its target price upped by research analysts at Wedbush from $135.00 to $155.00 in a report issued on Friday, Marketbeat reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective would indicate a potential upside of 15.15% from the stock’s current price. Wedbush also issued estimates for Airbnb’s Q4 2024 earnings at $0.55 EPS, FY2024 earnings at $3.93 EPS, Q1 2025 earnings at $0.24 EPS, Q2 2025 earnings at $0.89 EPS, Q3 2025 earnings at $2.39 EPS, Q4 2025 earnings at $0.65 EPS, FY2025 earnings at $4.18 EPS and FY2026 earnings at $4.92 EPS.

ABNB has been the subject of several other reports. B. Riley reduced their price target on Airbnb from $150.00 to $140.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Susquehanna dropped their target price on Airbnb from $180.00 to $130.00 and set a “positive” rating for the company in a report on Wednesday, August 7th. Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Robert W. Baird raised their price target on shares of Airbnb from $120.00 to $140.00 and gave the stock a “neutral” rating in a research report on Friday. Finally, BMO Capital Markets cut their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Airbnb presently has a consensus rating of “Hold” and a consensus price target of $139.26.

Airbnb Trading Down 8.7 %

Shares of ABNB stock opened at $134.61 on Friday. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The company has a market capitalization of $86.37 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The firm has a 50 day moving average price of $129.14 and a two-hundred day moving average price of $137.72. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25.

Insider Buying and Selling at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the transaction, the chief technology officer now owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, the director now owns 16,472 shares of the company’s stock, valued at $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 417,806 shares of company stock worth $51,809,831 over the last quarter. Corporate insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

Institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its holdings in Airbnb by 158.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after buying an additional 3,558,178 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Airbnb by 19,052.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after acquiring an additional 1,684,646 shares in the last quarter. Farallon Capital Management LLC acquired a new position in shares of Airbnb in the 1st quarter valued at about $265,292,000. International Assets Investment Management LLC boosted its holdings in shares of Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock worth $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Finally, Swedbank AB bought a new position in Airbnb during the first quarter worth $175,496,000. 80.76% of the stock is owned by institutional investors.

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.