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

Airbnb (NASDAQ:ABNB) had its target price boosted by Barclays from $100.00 to $110.00 in a research report sent to investors on Friday,Benzinga reports. The firm currently has an underweight rating on the stock.

Other research analysts have also issued research reports about the stock. Benchmark restated a “buy” rating and issued a $155.00 price target on shares of Airbnb in a research report on Friday. Royal Bank of Canada cut their target price on Airbnb from $150.00 to $120.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. TD Cowen increased their price target on Airbnb from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft dropped their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group decreased their target price on shares of Airbnb from $130.00 to $111.00 and set a “sell” rating for the company in a report on Thursday, August 8th. Five equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $139.26.

Airbnb Price Performance

Shares of Airbnb stock traded down $12.76 during trading on Friday, hitting $134.61. The stock had a trading volume of 19,189,003 shares, compared to its average volume of 4,490,534. The business has a fifty day moving average of $129.14 and a two-hundred day moving average of $137.72. Airbnb has a fifty-two week low of $110.38 and a fifty-two week high of $170.10. The firm has a market cap of $86.37 billion, a P/E ratio of 18.31, a PEG ratio of 1.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.41 and a quick ratio of 1.41.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the business posted $0.98 EPS. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, sell-side analysts expect that Airbnb will post 4.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO Aristotle N. Balogh sold 600 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total transaction of $71,364.00. Following the completion of the sale, the chief technology officer now owns 198,244 shares in the company, valued at $23,579,141.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Brian Chesky sold 230,769 shares of the company’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $120.00, for a total transaction of $27,692,280.00. Following the completion of the transaction, the chief executive officer now owns 13,315,912 shares of the company’s stock, valued at approximately $1,597,909,440. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $118.94, for a total value of $71,364.00. Following the sale, the chief technology officer now directly owns 198,244 shares in the company, valued at approximately $23,579,141.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 417,806 shares of company stock valued at $51,809,831. 27.83% of the stock is owned by insiders.

Institutional Trading of Airbnb

Hedge funds have recently modified their holdings of the company. Farrow Financial Inc. raised its stake in shares of Airbnb by 1.0% in the second quarter. Farrow Financial Inc. now owns 7,171 shares of the company’s stock valued at $1,087,000 after purchasing an additional 69 shares in the last quarter. Heritage Wealth Advisors raised its stake in shares of Airbnb by 55.0% in the 1st quarter. Heritage Wealth Advisors now owns 200 shares of the company’s stock valued at $33,000 after buying an additional 71 shares in the last quarter. GYL Financial Synergies LLC lifted its holdings in shares of Airbnb by 5.0% during the 2nd quarter. GYL Financial Synergies LLC now owns 1,592 shares of the company’s stock worth $241,000 after acquiring an additional 76 shares during the period. HB Wealth Management LLC boosted its position in shares of Airbnb by 1.6% during the 2nd quarter. HB Wealth Management LLC now owns 4,938 shares of the company’s stock valued at $749,000 after acquiring an additional 76 shares in the last quarter. Finally, Optas LLC boosted its position in shares of Airbnb by 4.5% during the 2nd quarter. Optas LLC now owns 1,829 shares of the company’s stock valued at $277,000 after acquiring an additional 78 shares in the last quarter. Institutional investors own 80.76% of the company’s stock.

Airbnb Company Profile

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.