Airbnb (NASDAQ:ABNB) Price Target Raised to $155.00

Airbnb (NASDAQ:ABNB) had its price objective increased by Evercore ISI to $155.00 in a report released on Wednesday,Stock Target Advisor reports. They currently have a hold rating on the stock.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Susquehanna boosted their target price on Airbnb from $130.00 to $160.00 and gave the company a “positive” rating in a research note on Monday, November 11th. Bank of America boosted their target price on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Citigroup boosted their target price on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, Wedbush boosted their target price on Airbnb from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a sell rating, twenty have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $139.81.

Airbnb Stock Up 3.9 %

Shares of Airbnb stock opened at $132.52 on Wednesday. The company has a quick ratio of 1.62, a current ratio of 1.62 and a debt-to-equity ratio of 0.23. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The business has a fifty day simple moving average of $134.62 and a 200 day simple moving average of $132.22. The stock has a market cap 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 (NASDAQ:ABNB) last announced its quarterly earnings data on Thursday, November 7th. The company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.04). Airbnb had a return on equity of 32.88% and a net margin of 16.96%. The company had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. During the same period last year, the firm earned $2.39 earnings per share. Research analysts predict that Airbnb will post 3.99 EPS for the current year.

Insider Buying and Selling at Airbnb

In other news, Director Joseph Gebbia sold 214,285 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $131.08, for a total transaction of $28,088,477.80. Following the transaction, the director now owns 10,321 shares in the company, valued at approximately $1,352,876.68. This trade represents a 95.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CTO Aristotle N. Balogh sold 600 shares of the 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 owns 192,844 shares in the company, 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 have sold 915,997 shares of company stock worth $122,800,660 over the last 90 days. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Large investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Airbnb during the third quarter worth approximately $34,982,000. Tri Ri Asset Management Corp acquired a new stake in Airbnb during the third quarter worth approximately $6,352,000. J.W. Cole Advisors Inc. grew its position in Airbnb by 86.5% during the third quarter. J.W. Cole Advisors Inc. now owns 4,598 shares of the company’s stock worth $583,000 after buying an additional 2,132 shares in the last quarter. Shellback Capital LP acquired a new stake in Airbnb during the second quarter worth approximately $22,744,000. Finally, Bradley Foster & Sargent Inc. CT grew its position in Airbnb by 1,231.3% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after buying an additional 19,183 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

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.