Morgan Stanley Raises Airbnb (NASDAQ:ABNB) Price Target to $125.00

Airbnb (NASDAQ:ABNB) had its price objective increased by Morgan Stanley from $115.00 to $125.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential downside of 2.04% from the company’s current price.

A number of other research analysts have also recently issued reports on the stock. DA Davidson lifted their target price on shares of Airbnb from $125.00 to $131.00 and gave the company a “neutral” rating in a research note on Monday, November 18th. Truist Financial cut their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Wedbush increased their target price on Airbnb from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Benchmark reaffirmed a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Finally, Robert W. Baird raised their price objective on shares of Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $139.32.

Airbnb Trading Down 1.0 %

Shares of NASDAQ:ABNB opened at $127.60 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. The stock’s 50-day moving average is $134.62 and its 200-day moving average is $132.22. The company has a market cap of $80.89 billion, a P/E ratio of 44.77, a P/E/G ratio of 1.93 and a beta of 1.13. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10.

Airbnb (NASDAQ:ABNB) last released its earnings results on Thursday, November 7th. The company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.04). The company had revenue of $3.73 billion during the quarter, compared to the consensus estimate 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 previous year, the business posted $2.39 EPS. Equities research analysts predict that Airbnb will post 3.99 earnings per share for the current year.

Insider Buying and Selling at Airbnb

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $136.11, for a total transaction of $81,666.00. Following the completion of the sale, the chief technology officer now owns 192,844 shares of the company’s stock, valued at $26,247,996.84. This represents a 0.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nathan Blecharczyk sold 9,603 shares of the business’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the transaction, the insider now owns 164,850 shares in the company, valued at approximately $21,466,767. This trade represents a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 915,997 shares of company stock valued at $122,800,660 in the last ninety days. Corporate insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of hedge funds have recently modified their holdings of ABNB. Envestnet Asset Management Inc. increased its position in shares of Airbnb by 10.8% in the second quarter. Envestnet Asset Management Inc. now owns 920,842 shares of the company’s stock valued at $139,627,000 after buying an additional 89,978 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in Airbnb by 52.9% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 2,466 shares of the company’s stock worth $374,000 after acquiring an additional 853 shares in the last quarter. Plato Investment Management Ltd raised its position in Airbnb by 2.7% during the second quarter. Plato Investment Management Ltd now owns 13,493 shares of the company’s stock worth $2,046,000 after acquiring an additional 358 shares during the period. Angeles Investment Advisors LLC lifted its holdings in Airbnb by 13.6% during the second quarter. Angeles Investment Advisors LLC now owns 2,176 shares of the company’s stock valued at $330,000 after purchasing an additional 260 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Airbnb by 13.0% in the second quarter. Dimensional Fund Advisors LP now owns 788,487 shares of the company’s stock valued at $119,558,000 after purchasing an additional 90,788 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

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.