Airbnb (NASDAQ:ABNB) PT Raised to $135.00 at Jefferies Financial Group

Airbnb (NASDAQ:ABNB) had its price objective upped by equities researchers at Jefferies Financial Group from $120.00 to $135.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Jefferies Financial Group’s price target suggests a potential upside of 2.33% from the company’s previous close.

Several other research analysts have also recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Airbnb from $143.00 to $90.00 and set a “hold” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price target on Airbnb from $145.00 to $121.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a research report on Monday, August 26th. UBS Group reduced their price target on Airbnb from $160.00 to $134.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced their price target on Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $135.35.

Airbnb Trading Down 2.7 %

Shares of NASDAQ:ABNB opened at $131.92 on Tuesday. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The stock has a market cap of $84.96 billion, a price-to-earnings ratio of 17.96, a PEG ratio of 1.83 and a beta of 1.17. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The business has a 50-day moving average price of $124.01 and a 200-day moving average price of $139.47.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a return on equity of 34.74% and a net margin of 46.11%. The firm had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.74 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts predict that Airbnb will post 4.33 EPS for the current year.

Insider Transactions at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total transaction of $80,106.00. Following the completion of the transaction, the chief technology officer now directly owns 193,444 shares in the company, valued at approximately $25,826,708.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total transaction of $80,106.00. Following the completion of the transaction, the chief technology officer now directly owns 193,444 shares in the company, valued at approximately $25,826,708.44. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $120.00, for a total value of $27,692,280.00. Following the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 405,571 shares of company stock worth $50,126,587. 27.83% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Airbnb

Hedge funds have recently bought and sold shares of the company. SteelPeak Wealth LLC lifted its stake in Airbnb by 17.2% during the 1st quarter. SteelPeak Wealth LLC now owns 6,708 shares of the company’s stock worth $1,107,000 after acquiring an additional 985 shares in the last quarter. ProShare Advisors LLC lifted its stake in Airbnb by 20.6% during the 1st quarter. ProShare Advisors LLC now owns 488,869 shares of the company’s stock worth $80,644,000 after acquiring an additional 83,383 shares in the last quarter. Shellback Capital LP acquired a new position in Airbnb during the 2nd quarter worth about $22,744,000. Bradley Foster & Sargent Inc. CT lifted its stake in Airbnb by 1,231.3% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after acquiring an additional 19,183 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Airbnb by 2.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,105,329 shares of the company’s stock worth $182,335,000 after acquiring an additional 26,735 shares in the last quarter. Institutional investors and hedge funds own 80.76% of the company’s stock.

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.