Airbnb (NASDAQ:ABNB) Price Target Raised to $130.00

Airbnb (NASDAQ:ABNB) had its price target hoisted by Morgan Stanley from $120.00 to $130.00 in a research report report published on Tuesday morning, Benzinga reports. Morgan Stanley currently has an underweight rating on the stock.

ABNB has been the topic of a number of other research reports. Needham & Company LLC reiterated a hold rating on shares of Airbnb in a research report on Thursday, May 9th. B. Riley Financial started coverage on Airbnb in a research note on Wednesday, April 3rd. They set a neutral rating and a $150.00 price target on the stock. DA Davidson reaffirmed a neutral rating and issued a $145.00 price objective on shares of Airbnb in a research note on Thursday, May 9th. TD Cowen cut their price objective on Airbnb from $180.00 to $170.00 and set a buy rating on the stock in a research note on Thursday, May 9th. Finally, Truist Financial lifted their price objective on Airbnb from $131.00 to $134.00 and gave the stock a hold rating in a research note on Thursday, May 30th. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $152.50.

Airbnb Stock Down 2.9 %

ABNB opened at $140.03 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.44 and a current ratio of 1.44. Airbnb has a fifty-two week low of $113.24 and a fifty-two week high of $170.10. The company has a market capitalization of $90.18 billion, a P/E ratio of 18.75, a P/E/G ratio of 1.84 and a beta of 1.18. The stock has a fifty day moving average of $147.89 and a 200-day moving average of $152.14.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.18. Airbnb had a return on equity of 39.37% and a net margin of 48.23%. The company had revenue of $2.14 billion for the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the business earned $0.18 earnings per share. Airbnb’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts expect that Airbnb will post 4.66 EPS for the current year.

Insiders Place Their Bets

In related news, CAO David C. Bernstein sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $145.50, for a total transaction of $291,000.00. Following the transaction, the chief accounting officer now directly owns 45,043 shares in the company, valued at approximately $6,553,756.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Airbnb news, CAO David C. Bernstein sold 2,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $145.50, for a total value of $291,000.00. Following the completion of the sale, the chief accounting officer now owns 45,043 shares in the company, valued at approximately $6,553,756.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Joseph Gebbia sold 44,990 shares of the stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $150.04, for a total value of $6,750,299.60. Following the completion of the sale, the director now owns 46,467 shares of the company’s stock, valued at approximately $6,971,908.68. The disclosure for this sale can be found here. Insiders have sold 736,092 shares of company stock worth $109,519,936 in the last ninety days. 27.83% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ABNB. Mutual Advisors LLC purchased a new position in shares of Airbnb in the 4th quarter valued at approximately $357,000. HB Wealth Management LLC raised its stake in Airbnb by 12.7% during the fourth quarter. HB Wealth Management LLC now owns 3,402 shares of the company’s stock valued at $463,000 after buying an additional 384 shares during the last quarter. CVA Family Office LLC purchased a new position in Airbnb during the fourth quarter valued at $26,000. Pacer Advisors Inc. raised its stake in Airbnb by 16.7% during the fourth quarter. Pacer Advisors Inc. now owns 59,795 shares of the company’s stock valued at $8,140,000 after buying an additional 8,542 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in Airbnb by 15.3% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 2,489 shares of the company’s stock valued at $339,000 after buying an additional 330 shares during the last quarter. 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.