Airbnb (NASDAQ:ABNB) Price Target Raised to $175.00 at Mizuho

Airbnb (NASDAQ:ABNB) had its target price boosted by Mizuho from $156.00 to $175.00 in a report issued on Tuesday,Benzinga reports. They currently have an outperform rating on the stock.

A number of other analysts have also commented on the stock. Argus raised shares of Airbnb to a “strong-buy” rating in a research note on Tuesday, February 17th. Citigroup upgraded shares of Airbnb from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 4th. Truist Financial raised their price objective on shares of Airbnb from $104.00 to $107.00 and gave the stock a “sell” rating in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Airbnb from a “hold” rating to a “buy” rating and set a $154.00 target price on the stock in a research note on Friday, February 13th. Finally, Citizens Jmp upgraded Airbnb from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, sixteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average target price of $149.42.

Airbnb Stock Down 0.2%

ABNB opened at $133.04 on Tuesday. The firm has a market cap of $80.98 billion, a PE ratio of 32.93, a P/E/G ratio of 1.50 and a beta of 1.12. The business has a fifty day simple moving average of $130.66 and a 200-day simple moving average of $126.37. Airbnb has a fifty-two week low of $99.88 and a fifty-two week high of $143.88.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 12th. The company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.10). Airbnb had a return on equity of 30.88% and a net margin of 20.51%.The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period last year, the firm earned $0.73 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. On average, equities research analysts anticipate that Airbnb will post 4.31 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other news, insider Nathan Blecharczyk sold 4,260 shares of Airbnb stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $125.29, for a total transaction of $533,735.40. Following the completion of the sale, the insider directly owned 49,250 shares in the company, valued at $6,170,532.50. The trade was a 7.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph Gebbia sold 58,000 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $121.97, for a total value of $7,074,260.00. Following the completion of the transaction, the director owned 344,015 shares in the company, valued at $41,959,509.55. This represents a 14.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 755,420 shares of company stock worth $95,992,734 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Institutional investors have recently added to or reduced their stakes in the business. Patton Fund Management Inc. raised its holdings in shares of Airbnb by 4.3% during the 4th quarter. Patton Fund Management Inc. now owns 1,874 shares of the company’s stock valued at $254,000 after purchasing an additional 77 shares in the last quarter. BOKF NA increased its position in Airbnb by 11.0% during the fourth quarter. BOKF NA now owns 787 shares of the company’s stock worth $107,000 after buying an additional 78 shares during the last quarter. Yoder Wealth Management Inc. raised its holdings in Airbnb by 0.3% during the fourth quarter. Yoder Wealth Management Inc. now owns 26,389 shares of the company’s stock valued at $3,582,000 after buying an additional 84 shares in the last quarter. SBI Securities Co. Ltd. lifted its position in shares of Airbnb by 0.8% in the second quarter. SBI Securities Co. Ltd. now owns 10,552 shares of the company’s stock worth $1,396,000 after buying an additional 85 shares during the last quarter. Finally, Private Advisor Group LLC boosted its stake in shares of Airbnb by 1.0% during the 3rd quarter. Private Advisor Group LLC now owns 8,295 shares of the company’s stock worth $1,007,000 after acquiring an additional 86 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Airbnb Company Profile

Airbnb, Inc (NASDAQ: ABNB) operates a global online marketplace that connects travelers with hosts offering short-term lodging, unique accommodations and related travel experiences. The company’s core platform enables individuals and professional property managers to list private homes, apartments, single rooms and entire properties, while providing search, booking and payment processing for guests. Airbnb earns revenue primarily through service fees charged to guests and hosts and offers tools to facilitate reservations, communications, and logistics between parties.

Beyond accommodations, Airbnb has expanded its product portfolio to include curated experiences led by local hosts, higher-end offerings such as Airbnb Luxe, and programs aimed at enhancing quality and safety like Airbnb Plus.