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

Airbnb (NASDAQ:ABNB) had its price objective hoisted by Tigress Financial from $195.00 to $200.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Other analysts have also issued research reports about the stock. Benchmark upped their target price on shares of Airbnb from $150.00 to $178.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a report on Tuesday, February 4th. Truist Financial decreased their price target on shares of Airbnb from $124.00 to $123.00 and set a “hold” rating on the stock in a report on Wednesday, December 4th. Gordon Haskett raised shares of Airbnb from a “sell” rating to a “hold” rating and set a $143.00 price target on the stock in a report on Friday, February 14th. Finally, Morgan Stanley increased their price target on shares of Airbnb from $115.00 to $125.00 and gave the stock an “underweight” rating in a report on Monday, January 13th. Five research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $148.15.

Airbnb Stock Performance

Airbnb stock opened at $122.86 on Friday. The firm’s 50 day simple moving average is $136.23 and its 200 day simple moving average is $133.07. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $77.47 billion, a PE ratio of 29.75, a price-to-earnings-growth ratio of 3.52 and a beta of 1.10. Airbnb has a 1-year low of $110.38 and a 1-year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its earnings results on Thursday, February 13th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.12. Airbnb had a net margin of 23.85% and a return on equity of 32.29%. As a group, analysts expect that Airbnb will post 4.31 earnings per share for the current fiscal year.

Insider Transactions at Airbnb

In related news, Director Joseph Gebbia sold 214,285 shares of Airbnb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $126.80, for a total transaction of $27,171,338.00. Following the completion of the transaction, the director now directly owns 214,290 shares of the company’s stock, valued at $27,171,972. This trade represents a 50.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Brian Chesky sold 38,461 shares of Airbnb stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $133.58, for a total transaction of $5,137,620.38. Following the transaction, the chief executive officer now directly owns 12,537,369 shares of the company’s stock, valued at approximately $1,674,741,751.02. This trade represents a 0.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,269,494 shares of company stock valued at $318,203,453. Company insiders own 27.83% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Golden State Wealth Management LLC bought a new stake in Airbnb during the 4th quarter valued at about $25,000. Berbice Capital Management LLC bought a new stake in Airbnb during the 4th quarter valued at about $26,000. Park Square Financial Group LLC bought a new stake in Airbnb during the 4th quarter valued at about $26,000. Orion Capital Management LLC bought a new stake in Airbnb during the 4th quarter valued at about $28,000. Finally, Ashton Thomas Securities LLC bought a new stake in Airbnb during the 3rd quarter valued at about $30,000. 80.76% of the stock is owned by hedge funds and other institutional investors.

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.