Airbnb (NASDAQ:ABNB) Price Target Raised to $158.00

Airbnb (NASDAQ:ABNB) had its price target upped by Citigroup from $135.00 to $158.00 in a report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also recently issued reports about the stock. TD Cowen lifted their price objective on shares of Airbnb from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday. BMO Capital Markets cut their price objective on shares of Airbnb from $151.00 to $130.00 and set a “market perform” rating on the stock in a report on Wednesday, August 7th. JPMorgan Chase & Co. upped their target price on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday. Wells Fargo & Company raised their price target on Airbnb from $100.00 to $102.00 and gave the stock an “underweight” rating in a research note on Tuesday, October 8th. Finally, Robert W. Baird boosted their price objective on Airbnb from $120.00 to $140.00 and gave the company a “neutral” rating in a research note on Friday. Six analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $139.31.

Airbnb Trading Down 2.3 %

NASDAQ:ABNB traded down $3.11 on Monday, reaching $134.29. 760,725 shares of the company’s stock were exchanged, compared to its average volume of 4,480,285. The firm has a market capitalization of $86.16 billion, a price-to-earnings ratio of 48.21, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $129.54 and a 200-day moving average of $137.20.

Airbnb (NASDAQ:ABNB) last announced 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 business had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. Airbnb had a return on equity of 33.36% and a net margin of 16.96%. During the same period in the previous year, the company earned $2.39 earnings per share. As a group, analysts expect that Airbnb will post 4.07 earnings per share for the current year.

Insider Transactions at Airbnb

In other Airbnb news, Director Joseph Gebbia sold 42,719 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $126.48, for a total transaction of $5,403,099.12. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Joseph Gebbia sold 42,719 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 16,472 shares in the company, valued at approximately $2,083,378.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $135.33, for a total transaction of $81,198.00. Following the sale, the chief technology officer now owns 192,244 shares in the company, valued at $26,016,380.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,806 shares of company stock worth $51,809,831 in the last three months. 27.83% of the stock is currently owned by company insiders.

Institutional Trading of Airbnb

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Transcendent Capital Group LLC bought a new position in shares of Airbnb during the first quarter worth about $25,000. New Millennium Group LLC acquired a new stake in Airbnb in the second quarter worth $28,000. Heritage Wealth Advisors boosted its holdings in shares of Airbnb by 55.0% during the first quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after acquiring an additional 71 shares during the period. Pathway Financial Advisers LLC bought a new stake in Airbnb in the 1st quarter valued at about $33,000. Finally, Cultivar Capital Inc. acquired a new position in Airbnb during the 2nd quarter valued at about $30,000. 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.