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

Airbnb (NASDAQ:ABNB) had its target price boosted by research analysts at Evercore ISI to $155.00 in a research report issued on Wednesday, Stock Target Advisor reports. The brokerage presently has a “hold” rating on the stock. Evercore ISI’s price target suggests a potential upside of 17.58% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Airbnb in a report on Monday, December 16th. JPMorgan Chase & Co. raised their price target on Airbnb from $121.00 to $142.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Citigroup upped their price objective on Airbnb from $135.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Phillip Securities reissued a “reduce” rating and issued a $120.00 target price on shares of Airbnb in a report on Tuesday, November 12th. Finally, Raymond James started coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price target for the company. 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $139.81.

Airbnb Stock Up 3.3 %

Shares of ABNB stock traded up $4.22 during mid-day trading on Wednesday, hitting $131.82. The company’s stock had a trading volume of 469,924 shares, compared to its average volume of 3,341,414. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb has a 52-week low of $110.38 and a 52-week high of $170.10. The stock has a market cap of $83.57 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 1.93 and a beta of 1.13. The business has a 50-day moving average price of $134.62 and a 200 day moving average price of $132.22.

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

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 76,923 shares of Airbnb stock in a transaction on Monday, November 25th. The shares were sold at an average price of $139.94, for a total value of $10,764,604.62. Following the completion of the transaction, the chief executive officer now directly owns 12,616,300 shares of the company’s stock, valued at $1,765,525,022. This trade represents a 0.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CTO Aristotle N. Balogh sold 700 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $135.35, for a total transaction of $94,745.00. Following the sale, the chief technology officer now owns 184,714 shares in the company, valued at $25,001,039.90. This represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 915,997 shares of company stock worth $122,800,660. 27.83% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Airbnb

Several institutional investors have recently modified their holdings of ABNB. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Airbnb during the 3rd quarter valued at $34,982,000. Tri Ri Asset Management Corp purchased a new position in Airbnb during the third quarter worth $6,352,000. J.W. Cole Advisors Inc. increased 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 valued at $583,000 after acquiring an additional 2,132 shares during the last quarter. Shellback Capital LP purchased a new stake in shares of Airbnb in the second quarter valued at $22,744,000. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings in shares of Airbnb by 1,231.3% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 20,741 shares of the company’s stock worth $3,145,000 after acquiring an additional 19,183 shares during the last quarter. 80.76% of the stock is owned by institutional investors.

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.