Rosenblatt Securities Upgrades Airbnb (NASDAQ:ABNB) to Strong-Buy

Airbnb (NASDAQ:ABNB) was upgraded by stock analysts at Rosenblatt Securities to a “strong-buy” rating in a report released on Monday, Zacks reports.

Several other analysts also recently commented on ABNB. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Airbnb in a research note on Monday. Oppenheimer increased their price target on Airbnb from $180.00 to $190.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Wells Fargo & Company raised their price target on Airbnb from $181.00 to $186.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Weiss Ratings raised Airbnb from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Finally, Benchmark upped their price objective on Airbnb from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.07.

Airbnb Trading Down 0.4%

NASDAQ:ABNB opened at $182.54 on Monday. Airbnb has a one year low of $110.81 and a one year high of $193.45. The company’s 50-day simple moving average is $160.66 and its 200 day simple moving average is $142.77. The firm has a market capitalization of $109.30 billion, a P/E ratio of 41.49, a PEG ratio of 2.12 and a beta of 1.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.11. The business had revenue of $3.61 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Airbnb had a return on equity of 33.38% and a net margin of 20.45%.The firm’s quarterly revenue was up 16.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.03 earnings per share. As a group, analysts forecast that Airbnb will post 5.23 EPS for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, insider Nathan Blecharczyk sold 13,615 shares of the firm’s stock in a transaction that occurred on Monday, August 31st. The shares were sold at an average price of $187.27, for a total transaction of $2,549,681.05. Following the sale, the insider owned 20,567 shares in the company, valued at approximately $3,851,582.09. This trade represents a 39.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brian Chesky sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $173.61, for a total transaction of $3,472,200.00. Following the completion of the transaction, the chief executive officer owned 5,854 shares of the company’s stock, valued at approximately $1,016,312.94. The trade was a 77.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 2,406,212 shares of company stock valued at $390,698,195 over the last three months. 27.21% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. California State Teachers Retirement System raised its holdings in Airbnb by 13,162.3% during the second quarter. California State Teachers Retirement System now owns 91,253,439 shares of the company’s stock valued at $13,058,367,000 after acquiring an additional 90,565,372 shares during the period. Harris Associates L P boosted its stake in shares of Airbnb by 43.2% in the second quarter. Harris Associates L P now owns 14,237,331 shares of the company’s stock worth $1,884,168,000 after acquiring an additional 4,292,383 shares during the period. Norges Bank purchased a new stake in shares of Airbnb during the fourth quarter worth about $480,332,000. Jennison Associates LLC grew its position in shares of Airbnb by 9,331.0% during the first quarter. Jennison Associates LLC now owns 3,172,959 shares of the company’s stock worth $400,681,000 after purchasing an additional 3,139,315 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Airbnb by 453.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 3,325,498 shares of the company’s stock valued at $403,782,000 after purchasing an additional 2,724,682 shares during the period. Institutional investors own 80.76% of the company’s stock.

Airbnb News Roundup

Here are the key news stories impacting Airbnb this week:

• Positive Sentiment: Rosenblatt initiated coverage with a Buy rating and a $220 price target, implying roughly 20.5% upside from the referenced share price. The bullish view adds to positive analyst sentiment around Airbnb’s growth outlook. Rosenblatt initiates Airbnb coverage with Buy rating and $220 target
• Positive Sentiment: D.A. Davidson raised its target from $175 to $220 and reiterated Buy. The firm cited rapid growth in Airbnb Experiences and a partnership with Viator, while tracked Experiences listings increased 30% across several cities over three months. D.A. Davidson raises Airbnb price target on Experiences growth
• Positive Sentiment: Analysts are increasingly optimistic about Airbnb’s newer growth businesses, including Experiences and artificial-intelligence initiatives, arguing these businesses could reduce the company’s growth “overhang” and support a broader long-term expansion story. Analyst sees Airbnb growth businesses gaining momentum
• Neutral Sentiment: Airbnb may be offering selected U.S. hosts lower fees to attract more guests. The strategy could improve platform demand and host supply, but it may also pressure near-term take rates and margins. Airbnb reportedly offers lower fees to select U.S. hosts
• Negative Sentiment: Profit-taking is a near-term risk. Airbnb shares have risen about 21%–25% over the past month and roughly 42% year to date, leaving the stock above previous analyst targets and increasing concerns that expectations and valuation are stretched. Airbnb rally prompts buy-or-sell debate
• Negative Sentiment: An insider sold approximately $3.75 million of Airbnb stock, which can weigh on sentiment, although the sale does not necessarily indicate a change in the company’s fundamentals. Airbnb insider stock sale

About Airbnb

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.