Airbnb (NASDAQ:ABNB) Price Target Raised to $140.00 at Robert W. Baird

Airbnb (NASDAQ:ABNB) had its price objective raised by Robert W. Baird from $120.00 to $140.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research analysts have also recently weighed in on ABNB. Wells Fargo & Company upped their price target on shares of Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a report on Tuesday, October 8th. Mizuho dropped their target price on shares of Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Wedbush decreased their price target on shares of Airbnb from $165.00 to $135.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research report on Wednesday, August 7th. Finally, Benchmark reissued a “buy” rating and issued a $155.00 target price on shares of Airbnb in a research note on Monday, August 26th. Five investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $139.26.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $134.61 on Friday. The company has a 50 day moving average of $129.14 and a 200 day moving average of $137.38. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a market cap of $86.37 billion, a P/E ratio of 47.23, a P/E/G ratio of 1.99 and a beta of 1.15. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10.

Insiders Place Their Bets

In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the transaction, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the completion of the sale, the director now owns 16,472 shares in the company, valued at approximately $2,259,958.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the sale, the chief technology officer now owns 198,244 shares in the company, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 417,806 shares of company stock worth $51,809,831 over the last quarter. 27.83% of the stock is currently owned by corporate insiders.

Institutional Trading of Airbnb

A number of institutional investors and hedge funds have recently bought and sold shares of ABNB. Price T Rowe Associates Inc. MD boosted its holdings in shares of Airbnb by 158.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 5,809,152 shares of the company’s stock valued at $958,279,000 after purchasing an additional 3,558,178 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Airbnb by 19,052.8% in the second quarter. Assenagon Asset Management S.A. now owns 1,693,488 shares of the company’s stock worth $256,784,000 after buying an additional 1,684,646 shares in the last quarter. Farallon Capital Management LLC bought a new position in Airbnb during the first quarter valued at approximately $265,292,000. International Assets Investment Management LLC grew its holdings in Airbnb by 19,430.3% during the 3rd quarter. International Assets Investment Management LLC now owns 1,119,479 shares of the company’s stock valued at $1,419,610,000 after buying an additional 1,113,747 shares in the last quarter. Finally, Swedbank AB purchased a new position in Airbnb during the 1st quarter valued at approximately $175,496,000. 80.76% of the stock is currently owned by institutional investors.

Airbnb Company Profile

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.