Airbnb (ABNB) – Research Analysts’ Recent Ratings Updates

Several analysts have recently updated their ratings and price targets for Airbnb (NASDAQ: ABNB):

• 9/5/2024 – Airbnb is now covered by analysts at Cantor Fitzgerald. They set an “underweight” rating and a $94.00 price target on the stock.
• 9/4/2024 – Airbnb had its price target lowered by analysts at Jefferies Financial Group Inc. from $125.00 to $120.00. They now have a “hold” rating on the stock.
• 9/4/2024 – Airbnb had its price target lowered by analysts at Truist Financial Co. from $134.00 to $124.00. They now have a “hold” rating on the stock.
• 9/4/2024 – Airbnb was downgraded by analysts at Argus from a “buy” rating to a “hold” rating.
• 8/26/2024 – Airbnb had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $155.00 price target on the stock.
• 8/8/2024 – Airbnb had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $130.00 to $111.00. They now have a “sell” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Barclays PLC from $110.00 to $100.00. They now have an “underweight” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Wells Fargo & Company from $129.00 to $100.00. They now have an “underweight” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Royal Bank of Canada from $150.00 to $120.00. They now have a “sector perform” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Susquehanna from $180.00 to $130.00. They now have a “positive” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Wedbush from $165.00 to $135.00. They now have an “outperform” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Bank of America Co. from $160.00 to $132.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at JPMorgan Chase & Co. from $145.00 to $121.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at B. Riley from $150.00 to $140.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Robert W. Baird from $140.00 to $120.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at UBS Group AG from $160.00 to $134.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Piper Sandler from $155.00 to $125.00. They now have a “neutral” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at BMO Capital Markets from $151.00 to $130.00. They now have a “market perform” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $143.00 to $90.00. They now have a “hold” rating on the stock.
• 8/7/2024 – Airbnb had its “hold” rating reaffirmed by analysts at Needham & Company LLC.
• 8/7/2024 – Airbnb had its price target lowered by analysts at TD Cowen from $170.00 to $125.00. They now have a “buy” rating on the stock.
• 8/7/2024 – Airbnb had its price target lowered by analysts at Benchmark Co. from $190.00 to $155.00. They now have a “buy” rating on the stock.
• 7/30/2024 – Airbnb had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $165.00 price target on the stock.
• 7/23/2024 – Airbnb had its price target raised by analysts at Morgan Stanley from $120.00 to $130.00. They now have an “underweight” rating on the stock.
• 7/18/2024 – Airbnb had its “buy” rating reaffirmed by analysts at Benchmark Co.. They now have a $190.00 price target on the stock.

Airbnb Trading Up 0.6 %

Shares of NASDAQ:ABNB traded up $0.70 during midday trading on Wednesday, reaching $115.82. The company had a trading volume of 2,471,943 shares, compared to its average volume of 4,537,019. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. Airbnb, Inc. has a 1-year low of $110.38 and a 1-year high of $170.10. The firm has a market cap of $74.59 billion, a price-to-earnings ratio of 15.50, a price-to-earnings-growth ratio of 1.52 and a beta of 1.16. The company has a fifty day simple moving average of $130.28 and a two-hundred day simple moving average of $146.46.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same period in the previous year, the business posted $0.98 earnings per share. The firm’s revenue was up 10.6% on a year-over-year basis. Research analysts predict that Airbnb, Inc. will post 4.39 earnings per share for the current year.

Insider Transactions at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total value of $89,940.00. Following the sale, the chief technology officer now owns 209,974 shares of the company’s stock, valued at approximately $31,475,102.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $149.90, for a total value of $89,940.00. Following the completion of the transaction, the chief technology officer now owns 209,974 shares in the company, valued at approximately $31,475,102.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO David C. Bernstein sold 1,000 shares of Airbnb stock in a transaction on Monday, July 15th. The shares were sold at an average price of $145.88, for a total value of $145,880.00. Following the completion of the transaction, the chief accounting officer now owns 44,043 shares of the company’s stock, valued at approximately $6,424,992.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 451,932 shares of company stock valued at $67,643,949. 27.83% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Airbnb

Several institutional investors have recently bought and sold shares of ABNB. Transcendent Capital Group LLC bought a new stake in shares of Airbnb during the first quarter worth $25,000. Trust Co. of Vermont bought a new stake in shares of Airbnb during the fourth quarter worth $27,000. New Millennium Group LLC bought a new stake in shares of Airbnb during the second quarter worth $28,000. Vima LLC bought a new stake in shares of Airbnb during the fourth quarter worth $29,000. Finally, Cultivar Capital Inc. bought a new stake in shares of Airbnb during the second quarter worth $30,000. Institutional investors own 80.76% 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 connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms, primary homes, and vacation homes.