Airbnb (NASDAQ:ABNB) Price Target Raised to $200.00

Airbnb (NASDAQ:ABNB) had its target price boosted by Susquehanna from $160.00 to $200.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a positive rating on the stock.

Other equities analysts have also recently issued reports about the stock. DA Davidson lifted their price objective on shares of Airbnb from $131.00 to $170.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Canaccord Genuity Group boosted their target price on shares of Airbnb from $165.00 to $190.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 price objective on shares of Airbnb in a research note on Tuesday, February 4th. JPMorgan Chase & Co. upped their price target on shares of Airbnb from $121.00 to $142.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Piper Sandler raised their price objective on shares of Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Five analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Airbnb presently has an average rating of “Hold” and a consensus price target of $147.00.

Airbnb Stock Down 1.7 %

ABNB opened at $155.31 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.69 and a quick ratio of 1.69. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The stock’s 50 day moving average price is $135.15 and its 200 day moving average price is $130.82. The stock has a market cap of $98.46 billion, a P/E ratio of 37.61, a P/E/G ratio of 3.89 and a beta of 1.12.

Airbnb (NASDAQ:ABNB) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.29% and a net margin of 23.85%. As a group, research analysts predict that Airbnb will post 4.29 earnings per share for the current year.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 500 shares of Airbnb stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $136.01, for a total value of $68,005.00. Following the sale, the chief technology officer now directly owns 185,414 shares in the company, valued at $25,218,158.14. This trade represents a 0.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brian Chesky sold 115,385 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $160.32, for a total transaction of $18,498,523.20. Following the transaction, the chief executive officer now owns 11,885,528 shares of the company’s stock, valued at $1,905,487,848.96. The trade was a 0.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,950,540 shares of company stock worth $275,598,944 over the last ninety days. Company insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Edgewood Management LLC increased its position in shares of Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Airbnb by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock valued at $1,244,514,000 after buying an additional 72,991 shares in the last quarter. Clearbridge Investments LLC increased its holdings in Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after buying an additional 2,590,475 shares during the last quarter. Northern Trust Corp raised its position in Airbnb by 8.4% during the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock worth $564,647,000 after acquiring an additional 331,607 shares in the last quarter. Finally, Pacer Advisors Inc. raised its position in Airbnb by 6,085.6% during the third quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock worth $537,872,000 after acquiring an additional 4,172,985 shares in the last quarter. 80.76% of the stock is owned by institutional investors and hedge funds.

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.