Airbnb (NASDAQ:ABNB) Price Target Raised to $160.00

Airbnb (NASDAQ:ABNB) had its price objective increased by Susquehanna from $130.00 to $160.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a positive rating on the stock.

ABNB has been the subject of a number of other reports. Truist Financial reduced their price target on shares of Airbnb from $134.00 to $124.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Argus cut Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Sanford C. Bernstein decreased their price objective on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 17th. Finally, UBS Group increased their price objective on shares of Airbnb from $134.00 to $144.00 and gave the company a “neutral” rating in a research note on Wednesday, October 23rd. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $139.31.

Airbnb Trading Down 0.3 %

Shares of ABNB stock opened at $132.76 on Monday. The business’s fifty day moving average price is $129.90 and its 200 day moving average price is $136.99. The firm has a market capitalization of $85.18 billion, a PE ratio of 46.54, a P/E/G ratio of 1.88 and a beta of 1.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.62 and a quick ratio of 1.62. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last announced its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. During the same quarter in the prior year, the business earned $2.39 EPS. As a group, sell-side analysts forecast that Airbnb will post 4.04 EPS for the current fiscal year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were 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 of the company’s stock, valued at $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total value of $71,364.00. Following the transaction, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Elinor Mertz sold 6,250 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $750,000.00. Following the sale, the chief financial officer now owns 537,072 shares of the company’s stock, valued at $64,448,640. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 417,806 shares of company stock valued at $51,809,831 over the last quarter. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. Bridgewater Associates LP lifted its position in shares of Airbnb by 111.6% during the third quarter. Bridgewater Associates LP now owns 349,523 shares of the company’s stock worth $44,323,000 after purchasing an additional 184,311 shares during the last quarter. Cynosure Group LLC acquired a new position in shares of Airbnb in the 3rd quarter worth approximately $562,000. Quantbot Technologies LP increased its holdings in shares of Airbnb by 183.4% in the 3rd quarter. Quantbot Technologies LP now owns 27,777 shares of the company’s stock valued at $3,522,000 after acquiring an additional 17,975 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Airbnb by 2.1% during the 3rd quarter. D.A. Davidson & CO. now owns 31,575 shares of the company’s stock valued at $4,004,000 after acquiring an additional 650 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in Airbnb by 9.9% during the third quarter. Private Trust Co. NA now owns 1,121 shares of the company’s stock worth $142,000 after purchasing an additional 101 shares during the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.