Airbnb (NASDAQ:ABNB) Earns Outperform Rating from Wedbush

Wedbush reaffirmed their outperform rating on shares of Airbnb (NASDAQ:ABNB - Free Report) in a report released on Tuesday,RTT News reports. The firm currently has a $155.00 target price on the stock. 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.

Other equities research analysts have also issued research reports about the stock. Evercore ISI lifted their target price on shares of Airbnb to $155.00 and gave the company a "hold" rating in a research note on Wednesday, January 15th. Jefferies Financial Group lifted their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a "hold" rating in a research report on Tuesday, October 22nd. Phillip Securities restated a "reduce" rating and issued a $120.00 price target on shares of Airbnb in a research report on Tuesday, November 12th. Susquehanna upped their target price on shares of Airbnb from $130.00 to $160.00 and gave the stock a "positive" rating in a research report on Monday, November 11th. Finally, Morgan Stanley boosted their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an "underweight" rating in a research note on Monday, January 13th. Six research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $139.63.

Airbnb Stock Performance

NASDAQ ABNB traded down $1.42 on Tuesday, hitting $129.32. The stock had a trading volume of 2,012,083 shares, compared to its average volume of 3,854,711. Airbnb has a one year low of $110.38 and a one year high of $170.10. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. The stock has a market cap of $81.98 billion, a price-to-earnings ratio of 45.42, a P/E/G ratio of 1.72 and a beta of 1.12. The company's 50-day moving average is $133.29 and its two-hundred day moving average is $130.27.

Airbnb (NASDAQ:ABNB - Get Free Report) last released its 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 for 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 company earned $2.39 earnings per share. On average, analysts expect that Airbnb will post 3.98 earnings per share for the current year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 500 shares of the business's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the transaction, the chief technology officer now directly owns 185,414 shares of the company's stock, valued at approximately $25,218,158.14. The trade was a 0.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Joseph Gebbia sold 214,285 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the sale, the director now directly owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,372,293 shares of company stock worth $181,759,318 in the last quarter. 27.83% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Airbnb

Several hedge funds and other institutional investors have recently modified their holdings of ABNB. Verde Capital Management increased its position in shares of Airbnb by 25.3% in the fourth quarter. Verde Capital Management now owns 21,118 shares of the company's stock worth $2,775,000 after purchasing an additional 4,269 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Airbnb in the third quarter worth $34,982,000. Tri Ri Asset Management Corp purchased a new stake in Airbnb in the third quarter worth $6,352,000. J.W. Cole Advisors Inc. lifted its stake in Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company's stock worth $583,000 after acquiring an additional 2,132 shares during the period. Finally, Assenagon Asset Management S.A. lifted its stake in Airbnb by 40.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 685,817 shares of the company's stock worth $90,123,000 after acquiring an additional 197,558 shares during the period. 80.76% of the stock is currently 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.