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

Airbnb (NASDAQ:ABNB) had its price objective lifted by Jefferies Financial Group from $120.00 to $135.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a hold rating on the stock.

Several other brokerages have also issued reports on ABNB. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Mizuho decreased their price objective on Airbnb from $175.00 to $170.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Robert W. Baird reduced their target price on shares of Airbnb from $140.00 to $120.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Truist Financial lowered their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Cantor Fitzgerald reiterated an “underweight” rating and set a $94.00 price objective on shares of Airbnb in a research note on Monday, October 7th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $135.35.

Airbnb Stock Up 0.6 %

Shares of NASDAQ:ABNB opened at $132.75 on Tuesday. 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’s 50 day moving average is $124.32 and its 200 day moving average is $139.42. The stock has a market cap of $85.50 billion, a P/E ratio of 17.66, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

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

Insider Activity at Airbnb

In other news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total value of $81,666.00. Following the sale, the chief technology officer now owns 192,844 shares in the company, valued at $26,247,996.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total value of $81,666.00. Following the completion of the transaction, the chief technology officer now directly owns 192,844 shares in the company, valued at $26,247,996.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian Chesky sold 38,460 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $133.97, for a total transaction of $5,152,486.20. Following the sale, the chief executive officer now directly owns 13,200,529 shares in the company, valued at $1,768,474,870.13. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 406,171 shares of company stock worth $50,208,253 over the last three months. Company insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of institutional investors have recently modified their holdings of ABNB. Joel Isaacson & Co. LLC boosted its position in Airbnb by 2.3% during the first quarter. Joel Isaacson & Co. LLC now owns 2,986 shares of the company’s stock worth $493,000 after purchasing an additional 67 shares in the last quarter. Miracle Mile Advisors LLC lifted its position in shares of Airbnb by 0.7% during the 1st quarter. Miracle Mile Advisors LLC now owns 9,339 shares of the company’s stock valued at $1,541,000 after buying an additional 68 shares in the last quarter. Farrow Financial Inc. grew its stake in Airbnb by 1.0% in the 2nd quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after acquiring an additional 69 shares during the period. Heritage Wealth Advisors grew its stake in Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Finally, GYL Financial Synergies LLC increased its holdings in Airbnb by 5.0% in the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

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.