DA Davidson Issues Positive Forecast for Airbnb (NASDAQ:ABNB) Stock Price

Airbnb (NASDAQ:ABNB) had its target price increased by DA Davidson from $131.00 to $170.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a neutral rating on the stock.

ABNB has been the subject of several other research reports. Jefferies Financial Group boosted their target price on shares of Airbnb from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Tuesday, October 22nd. Bank of America lifted their price target on Airbnb from $154.00 to $159.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. TD Cowen lifted their price target on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, November 8th. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Finally, Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a report on Friday, November 8th. Five analysts have rated the stock with a sell rating, twenty have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, Airbnb has a consensus rating of “Hold” and a consensus price target of $145.79.

Airbnb Trading Up 14.4 %

Shares of ABNB stock opened at $161.42 on Friday. The firm has a 50-day moving average price of $133.49 and a 200 day moving average price of $130.17. Airbnb has a twelve month low of $110.38 and a twelve month high of $170.10. The company has a market capitalization of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The company has a current ratio of 1.62, a quick ratio of 1.62 and a debt-to-equity ratio of 0.23.

Airbnb (NASDAQ:ABNB) last announced its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.12. Airbnb had a net margin of 16.96% and a return on equity of 32.88%. Research analysts forecast that Airbnb will post 3.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $128.15, for a total value of $89,705.00. Following the transaction, the chief technology officer now directly owns 182,614 shares of the company’s stock, valued at $23,401,984.10. This represents a 0.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now directly owns 164,850 shares in the company, valued at approximately $21,466,767. The trade was a 5.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,608,005 shares of company stock valued at $214,394,023 in the last three months. Corporate insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

A number of institutional investors have recently made changes to their positions in ABNB. Northwest Investment Counselors LLC acquired a new position in shares of Airbnb in the 3rd quarter valued at approximately $25,000. Golden State Wealth Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at approximately $25,000. Hollencrest Capital Management raised its position in shares of Airbnb by 6,666.7% during the 3rd quarter. Hollencrest Capital Management now owns 203 shares of the company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Berbice Capital Management LLC acquired a new stake in shares of Airbnb during the 4th quarter valued at approximately $26,000. Finally, Ashton Thomas Securities LLC acquired a new stake in shares of Airbnb during the 3rd quarter valued at approximately $30,000. 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.