Wedbush Reaffirms “Outperform” Rating for Airbnb (NASDAQ:ABNB)

Airbnb (NASDAQ:ABNB)‘s stock had its “outperform” rating reiterated by analysts at Wedbush in a research note issued to investors on Tuesday,RTT News reports. They currently have a $155.00 target price on the stock. Wedbush’s price objective indicates a potential upside of 19.60% from the stock’s previous close. Wedbush also issued estimates for Airbnb’s Q1 2025 earnings at $0.20 EPS, Q2 2025 earnings at $0.86 EPS, Q3 2025 earnings at $2.35 EPS, Q4 2025 earnings at $0.61 EPS, FY2025 earnings at $4.03 EPS and FY2026 earnings at $4.79 EPS.

A number of other research analysts have also recently issued reports on ABNB. Citigroup increased their target price on shares of Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a report on Monday, November 11th. JMP Securities reiterated a “market perform” rating on shares of Airbnb in a research report on Monday, December 16th. Cantor Fitzgerald restated an “underweight” rating and issued a $94.00 price target on shares of Airbnb in a research report on Monday, October 7th. DA Davidson boosted their price objective on shares of Airbnb from $125.00 to $131.00 and gave the stock a “neutral” rating in a research report on Monday, November 18th. Finally, Piper Sandler lifted their target price on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $139.63.

Airbnb Trading Down 0.9 %

Shares of Airbnb stock opened at $129.60 on Tuesday. The company’s fifty day moving average is $133.11 and its two-hundred day moving average is $130.26. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The company has a market capitalization of $82.16 billion, a P/E ratio of 45.47, a PEG ratio of 1.72 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same period in the prior year, the business earned $2.39 earnings per share. Analysts forecast that Airbnb will post 3.98 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Brian Chesky sold 38,461 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $129.87, for a total transaction of $4,994,930.07. Following the sale, the chief executive officer now directly owns 12,421,986 shares of the company’s stock, valued at approximately $1,613,243,321.82. This represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total transaction of $1,250,502.66. Following the sale, the insider now directly owns 164,850 shares in the company, valued at $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,410,754 shares of company stock worth $186,754,248. 27.83% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Algert Global LLC bought a new position in Airbnb in the 2nd quarter valued at about $374,000. Czech National Bank lifted its position in Airbnb by 6.5% in the third quarter. Czech National Bank now owns 89,633 shares of the company’s stock worth $11,366,000 after purchasing an additional 5,501 shares during the period. Miracle Mile Advisors LLC increased its position in shares of Airbnb by 3.5% during the 3rd quarter. Miracle Mile Advisors LLC now owns 9,617 shares of the company’s stock valued at $1,220,000 after purchasing an additional 327 shares during the period. Kesler Norman & Wride LLC bought a new stake in shares of Airbnb in the 3rd quarter worth $500,000. Finally, Axiom Advisory LLC lifted its holdings in shares of Airbnb by 1.6% in the third quarter. Axiom Advisory LLC now owns 113,408 shares of the company’s stock valued at $14,705,000 after buying an additional 1,772 shares during the period. Institutional investors own 80.76% of the company’s stock.

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.