Airbnb (NASDAQ:ABNB) Stock Price Expected to Rise, Barclays Analyst Says

Airbnb (NASDAQ:ABNB) had its price objective boosted by Barclays from $100.00 to $110.00 in a research note released on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

Other equities analysts have also issued reports about the company. Benchmark reaffirmed a “buy” rating and set a $155.00 target price on shares of Airbnb in a report on Friday. Raymond James began coverage on Airbnb in a research report on Friday, September 27th. They issued a “market perform” rating and a $134.00 target price on the stock. Wells Fargo & Company boosted their price target on shares of Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a report on Tuesday, October 8th. Truist Financial dropped their price objective 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, Sanford C. Bernstein reduced their target price on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a research note on Tuesday, September 17th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $139.26.

Airbnb Trading Down 8.7 %

Airbnb stock opened at $134.61 on Friday. Airbnb has a 1 year low of $110.38 and a 1 year high of $170.10. The firm’s 50-day moving average is $129.14 and its 200-day moving average is $137.38. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $86.37 billion, a P/E ratio of 47.23, a PEG ratio of 1.99 and a beta of 1.15.

Insider Buying and Selling

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Joseph Gebbia sold 42,719 shares of Airbnb stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total value of $5,403,099.12. Following the transaction, the director now owns 16,472 shares in the company, valued at $2,083,378.56. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is owned by corporate insiders.

Institutional Trading of Airbnb

A number of hedge funds have recently made changes to their positions in ABNB. Transcendent Capital Group LLC purchased a new position in Airbnb during the first quarter valued at approximately $25,000. Northwest Investment Counselors LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. New Millennium Group LLC acquired a new position in shares of Airbnb in the second quarter worth $28,000. Finally, Cultivar Capital Inc. purchased a new stake in shares of Airbnb during the second quarter worth $30,000. 80.76% of the stock is owned by hedge funds and other 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.