Airbnb (NASDAQ:ABNB) Given New $135.00 Price Target at Jefferies Financial Group

Airbnb (NASDAQ:ABNB) had its price objective raised by Jefferies Financial Group from $120.00 to $135.00 in a research report report published on Tuesday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also commented on ABNB. Needham & Company LLC restated a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. 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. Deutsche Bank Aktiengesellschaft cut their price target on Airbnb from $143.00 to $90.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. Argus downgraded Airbnb from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Wedbush lowered their price objective on Airbnb from $165.00 to $135.00 and set an “outperform” rating for the company in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $135.03.

Airbnb Trading Down 1.2 %

NASDAQ ABNB opened at $135.59 on Tuesday. The business’s 50-day moving average price is $123.64 and its two-hundred day moving average price is $139.65. Airbnb has a 12 month low of $110.38 and a 12 month high of $170.10. The firm has a market capitalization of $87.33 billion, a PE ratio of 18.15, a price-to-earnings-growth ratio of 1.83 and a beta of 1.17. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.25.

Airbnb (NASDAQ:ABNB) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.86 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.06). Airbnb had a net margin of 46.11% and a return on equity of 34.74%. The company had revenue of $2.75 billion during the quarter, compared to the consensus estimate of $2.74 billion. During the same quarter last year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, analysts expect that Airbnb will post 4.33 EPS for the current year.

Insider Transactions at Airbnb

In other Airbnb news, CTO Aristotle N. Balogh sold 600 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $133.51, for a total transaction of $80,106.00. Following the sale, the chief technology officer now owns 193,444 shares in the company, valued at $25,826,708.44. This trade represents 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. In other Airbnb news, CEO Brian Chesky sold 38,460 shares of Airbnb stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $133.97, for a total transaction of $5,152,486.20. Following the sale, the chief executive officer now directly owns 13,200,529 shares of the company’s stock, valued at approximately $1,768,474,870.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $133.51, for a total value of $80,106.00. Following the sale, the chief technology officer now directly owns 193,444 shares in the company, valued at approximately $25,826,708.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 405,571 shares of company stock valued at $50,126,587 over the last three months. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Transcendent Capital Group LLC purchased a new stake in Airbnb during the 1st quarter valued at $25,000. Northwest Investment Counselors LLC purchased a new stake in Airbnb during the 3rd quarter valued at $25,000. New Millennium Group LLC purchased a new stake in Airbnb during the 2nd quarter valued at $28,000. Cultivar Capital Inc. purchased a new stake in Airbnb during the 2nd quarter valued at $30,000. Finally, Heritage Wealth Advisors raised its stake in Airbnb by 55.0% during 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 during the last quarter. 80.76% of the stock is owned by 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.