Airbnb (ABNB) – Investment Analysts’ Recent Ratings Updates

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

• 5/15/2023 – Airbnb had its price target lowered by analysts at KeyCorp from $144.00 to $135.00. They now have an “overweight” rating on the stock.
• 5/11/2023 – Airbnb was downgraded by analysts at TheStreet from a “c” rating to a “d+” rating.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Morgan Stanley from $100.00 to $95.00. They now have an “underweight” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Royal Bank of Canada from $135.00 to $105.00. They now have a “sector perform” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at TD Cowen from $145.00 to $125.00. They now have an “outperform” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Bank of America Co. from $145.00 to $135.00. They now have a “neutral” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Credit Suisse Group AG from $160.00 to $150.00. They now have a “neutral” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Piper Sandler from $131.00 to $117.00. They now have a “neutral” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Barclays PLC from $128.00 to $112.00. They now have an “equal weight” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Canaccord Genuity Group Inc. from $165.00 to $145.00. They now have a “buy” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at DA Davidson from $145.00 to $140.00. They now have a “buy” rating on the stock.
• 5/10/2023 – Airbnb had its price target lowered by analysts at Needham & Company LLC from $155.00 to $150.00. They now have a “buy” rating on the stock.
• 4/20/2023 – Airbnb had its price target raised by analysts at Truist Financial Co. from $120.00 to $130.00. They now have a “hold” rating on the stock.
• 3/28/2023 – Airbnb had its price target raised by analysts at Tigress Financial from $160.00 to $185.00. They now have a “buy” rating on the stock.

Airbnb Trading Up 0.5 %

Shares of NASDAQ:ABNB opened at $105.78 on Tuesday. Airbnb, Inc. has a 1 year low of $81.91 and a 1 year high of $144.63. The stock’s fifty day moving average price is $117.40 and its 200-day moving average price is $108.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.86 and a quick ratio of 1.86. The company has a market cap of $67.76 billion, a P/E ratio of 35.14, a PEG ratio of 1.88 and a beta of 1.13.

Airbnb (NASDAQ:ABNB – Get Rating) last posted its earnings results on Tuesday, May 9th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.08. Airbnb had a return on equity of 35.92% and a net margin of 22.54%. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter in the prior year, the company earned ($0.03) earnings per share. Airbnb’s revenue was up 20.5% on a year-over-year basis. Sell-side analysts expect that Airbnb, Inc. will post 3.42 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CAO David C. Bernstein sold 12,382 shares of the stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $140.00, for a total value of $1,733,480.00. Following the transaction, the chief accounting officer now owns 50,171 shares of the company’s stock, valued at $7,023,940. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Airbnb news, Director Joseph Gebbia sold 333,332 shares of the company’s stock in a transaction dated Wednesday, February 15th. The stock was sold at an average price of $134.12, for a total value of $44,706,487.84. Following the completion of the sale, the director now owns 9,666,769 shares in the company, valued at $1,296,507,058.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO David C. Bernstein sold 12,382 shares of the company’s stock in a transaction dated Thursday, February 16th. The stock was sold at an average price of $140.00, for a total value of $1,733,480.00. Following the completion of the sale, the chief accounting officer now owns 50,171 shares of the company’s stock, valued at approximately $7,023,940. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 3,429,617 shares of company stock valued at $418,833,220. 32.69% of the stock is owned by company insiders.

Institutional Trading of Airbnb

A number of hedge funds and other institutional investors have recently bought and sold shares of ABNB. Vanguard Group Inc. grew its position in shares of Airbnb by 10.2% during the third quarter. Vanguard Group Inc. now owns 22,260,539 shares of the company’s stock worth $2,338,247,000 after purchasing an additional 2,062,575 shares in the last quarter. Jennison Associates LLC grew its position in shares of Airbnb by 5.0% during the first quarter. Jennison Associates LLC now owns 8,971,146 shares of the company’s stock worth $1,116,011,000 after purchasing an additional 429,772 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Airbnb by 18.2% during the fourth quarter. Renaissance Technologies LLC now owns 8,602,746 shares of the company’s stock worth $735,535,000 after purchasing an additional 1,323,719 shares in the last quarter. Artisan Partners Limited Partnership grew its position in shares of Airbnb by 4.2% during the third quarter. Artisan Partners Limited Partnership now owns 6,020,960 shares of the company’s stock worth $632,442,000 after purchasing an additional 243,926 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Airbnb by 3.3% during the fourth quarter. Geode Capital Management LLC now owns 4,331,670 shares of the company’s stock worth $370,246,000 after purchasing an additional 140,302 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Airbnb, Inc, together with its subsidiaries, operates a platform that enables hosts to offer stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, or vacation homes.