Airbnb (NASDAQ:ABNB) Price Target Raised to $131.00

Airbnb (NASDAQ:ABNB) had its target price lifted by DA Davidson from $125.00 to $131.00 in a research note released on Monday,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently weighed in on ABNB. Bank of America reaffirmed a “hold” rating and set a $142.00 target price (up previously from $132.00) on shares of Airbnb in a research note on Friday, October 11th. Raymond James began coverage on Airbnb in a report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target for the company. Piper Sandler lifted their price target on Airbnb from $125.00 to $145.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Benchmark reiterated a “buy” rating and set a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Finally, Jefferies Financial Group lifted their price target on Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a sell rating, eighteen have issued a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $138.97.

Airbnb Price Performance

Shares of Airbnb stock opened at $135.25 on Monday. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23. The company’s 50-day moving average price is $132.02 and its two-hundred day moving average price is $136.05. Airbnb has a 52 week low of $110.38 and a 52 week high of $170.10. The stock has a market cap of $85.74 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 1.87 and a beta of 1.15.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share 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 return on equity of 32.88% and a net margin of 16.96%. During the same period in the prior year, the business posted $2.39 EPS. As a group, sell-side analysts anticipate that Airbnb will post 4.04 EPS for the current fiscal year.

Insider Activity

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $126.48, for a total value of $5,403,099.12. Following the sale, the director now directly owns 16,472 shares in the company, valued at $2,083,378.56. This represents a 72.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total value of $27,692,280.00. Following the completion of the sale, the chief executive officer now owns 13,315,912 shares in the company, valued at $1,597,909,440. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 417,206 shares of company stock worth $51,738,467. Company insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

Large investors have recently bought and sold shares of the stock. Transcendent Capital Group LLC bought a new stake in shares of Airbnb during the first quarter worth $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Airbnb during the third quarter worth $25,000. Hollencrest Capital Management grew its holdings in shares of Airbnb by 6,666.7% during the third quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock worth $26,000 after purchasing an additional 200 shares during the last quarter. New Millennium Group LLC bought a new stake in shares of Airbnb during the second quarter worth $28,000. Finally, Cultivar Capital Inc. bought a new stake in shares of Airbnb during the second quarter worth $30,000. 80.76% of the stock is currently owned by institutional investors.

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.