Citigroup Boosts Airbnb (NASDAQ:ABNB) Price Target to $158.00

Airbnb (NASDAQ:ABNB) had its price target raised by research analysts at Citigroup from $135.00 to $158.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 18.62% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on ABNB. Bank of America restated a “hold” rating and set a $142.00 target price (up previously from $132.00) on shares of Airbnb in a research report on Friday, October 11th. Barclays upped their target price on Airbnb from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, November 8th. BMO Capital Markets dropped their price target on Airbnb from $151.00 to $130.00 and set a “market perform” rating for the company in a research report on Wednesday, August 7th. Wells Fargo & Company upped their price objective on Airbnb from $100.00 to $102.00 and gave the company an “underweight” rating in a research report on Tuesday, October 8th. Finally, Piper Sandler lifted their price objective on Airbnb from $125.00 to $145.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, Airbnb has an average rating of “Hold” and an average target price of $139.31.

Airbnb Price Performance

Shares of NASDAQ:ABNB opened at $133.20 on Monday. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market capitalization of $85.46 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 1.90 and a beta of 1.15. The business’s 50 day simple moving average is $129.54 and its 200-day simple moving average is $137.20. 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 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 firm had revenue of $3.73 billion during the quarter, compared to analyst estimates of $3.72 billion. Airbnb had a net margin of 16.96% and a return on equity of 33.36%. During the same period last year, the company posted $2.39 EPS. As a group, equities analysts forecast that Airbnb will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CTO Aristotle N. Balogh sold 600 shares of the 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 completion of the sale, the chief technology officer now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CTO Aristotle N. Balogh sold 600 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $118.94, for a total transaction of $71,364.00. Following the transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at approximately $23,579,141.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Joseph Gebbia sold 42,719 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,083,378.56. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 417,806 shares of company stock valued at $51,809,831. Company insiders own 27.83% of the company’s stock.

Institutional Investors Weigh In On Airbnb

A number of hedge funds have recently bought and sold shares of ABNB. Empowered Funds LLC raised its position in shares of Airbnb by 138.4% in the 1st quarter. Empowered Funds LLC now owns 10,271 shares of the company’s stock valued at $1,694,000 after purchasing an additional 5,962 shares in the last quarter. Choate Investment Advisors bought a new stake in shares of Airbnb in the first quarter worth $233,000. NorthRock Partners LLC acquired a new stake in Airbnb in the first quarter valued at $210,000. QRG Capital Management Inc. boosted its stake in Airbnb by 8.5% during the 1st quarter. QRG Capital Management Inc. now owns 24,425 shares of the company’s stock valued at $4,029,000 after acquiring an additional 1,917 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in Airbnb by 0.4% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 95,617 shares of the company’s stock worth $15,773,000 after acquiring an additional 414 shares in the last quarter. Institutional investors and hedge funds 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.