Airbnb (NASDAQ:ABNB) Price Target Raised to $125.00

Airbnb (NASDAQ:ABNB) had its price objective hoisted by Morgan Stanley from $115.00 to $125.00 in a research report report published on Monday morning,Benzinga reports. They currently have an underweight rating on the stock.

Other equities research analysts have also recently issued reports about the company. Phillip Securities reiterated a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a research note on Tuesday, November 12th. Jefferies Financial Group raised their target price on shares of Airbnb from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Tuesday, October 22nd. Barclays lifted their price objective on shares of Airbnb from $100.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday, November 8th. UBS Group upped 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. Finally, Citigroup increased their price objective on Airbnb from $135.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Six analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Airbnb currently has an average rating of “Hold” and a consensus target price of $139.81.

Airbnb Price Performance

Shares of ABNB stock opened at $132.52 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 firm has a fifty day simple moving average of $134.62 and a 200-day simple moving average of $132.22. The company has a market capitalization of $84.01 billion, a PE ratio of 46.50, a price-to-earnings-growth ratio of 1.93 and a beta of 1.13. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). Airbnb had a net margin of 16.96% and a return on equity of 32.88%. The company had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. During the same period in the prior year, the company earned $2.39 earnings per share. Equities research analysts anticipate that Airbnb will post 3.99 earnings per share for the current fiscal year.

Insider Activity at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 11,635 shares of the firm’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total transaction of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares in the company, valued at approximately $2,259,958.40. This trade represents a 41.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $136.11, for a total value of $81,666.00. Following the transaction, the chief technology officer now directly owns 192,844 shares of the company’s stock, valued at approximately $26,247,996.84. This trade represents a 0.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 915,997 shares of company stock valued at $122,800,660 in the last ninety days. Insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ABNB. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb during the 3rd quarter worth approximately $34,982,000. Tri Ri Asset Management Corp bought a new stake in Airbnb during the third quarter worth $6,352,000. J.W. Cole Advisors Inc. lifted its holdings in shares of Airbnb by 86.5% in the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after acquiring an additional 2,132 shares during the last quarter. Shellback Capital LP bought a new stake in Airbnb during the 2nd quarter worth $22,744,000. Finally, Bradley Foster & Sargent Inc. CT grew its stake in shares of Airbnb by 1,231.3% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after purchasing an additional 19,183 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.