Susquehanna Increases Airbnb (NASDAQ:ABNB) Price Target to $160.00

Airbnb (NASDAQ:ABNB) had its target price boosted by analysts at Susquehanna from $130.00 to $160.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “positive” rating on the stock. Susquehanna’s price target indicates a potential upside of 20.12% from the stock’s current price.

A number of other research firms have also issued reports on ABNB. Cantor Fitzgerald reaffirmed an “underweight” rating and issued a $94.00 target price on shares of Airbnb in a report on Monday, October 7th. Sanford C. Bernstein reduced their price target on shares of Airbnb from $174.00 to $155.00 and set an “outperform” rating for the company in a report on Tuesday, September 17th. Argus downgraded shares of Airbnb from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Raymond James assumed coverage on shares of Airbnb in a research report on Friday, September 27th. They set a “market perform” rating and a $134.00 price objective for the company. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, Airbnb currently has an average rating of “Hold” and an average price target of $139.31.

Airbnb Stock Down 3.1 %

Shares of Airbnb stock opened at $133.20 on Monday. Airbnb has a 12-month low of $110.38 and a 12-month high of $170.10. The stock has a market capitalization of $85.46 billion, a P/E ratio of 46.91, a PEG ratio of 1.90 and a beta of 1.15. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.25. The stock has a 50 day moving average price of $129.54 and a two-hundred day moving average price of $137.20.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings data on Thursday, November 7th. The company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.04). The firm had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Airbnb had a return on equity of 33.36% and a net margin of 16.96%. During the same period in the prior year, the company posted $2.39 earnings per share. Equities analysts expect that Airbnb will post 4.07 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Joseph Gebbia sold 11,635 shares of the stock in a transaction on Tuesday, October 29th. The stock was sold at an average price of $137.20, for a total value of $1,596,322.00. Following the completion of the sale, the director now directly owns 16,472 shares in the company, valued at $2,259,958.40. This 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 news, Director Joseph Gebbia sold 11,635 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were sold at an average price of $137.20, for a total value of $1,596,322.00. Following the sale, the director now directly owns 16,472 shares of the company’s stock, valued at approximately $2,259,958.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO Aristotle N. Balogh sold 600 shares of Airbnb stock in a transaction 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 transaction, the chief technology officer now directly owns 198,244 shares of the company’s stock, valued at $23,579,141.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 417,806 shares of company stock worth $51,809,831 in the last ninety days. Company insiders own 27.83% of the company’s stock.

Hedge Funds Weigh In On Airbnb

Institutional investors and hedge funds have recently made changes to their positions in the stock. Baltimore Washington Financial Advisors Inc. raised its position in shares of Airbnb by 9.1% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 43,090 shares of the company’s stock worth $5,464,000 after purchasing an additional 3,600 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of Airbnb by 2.7% in the 3rd quarter. Kingsview Wealth Management LLC now owns 3,691 shares of the company’s stock worth $468,000 after acquiring an additional 97 shares during the last quarter. Cerity Partners LLC lifted its position in Airbnb by 24.9% in the 3rd quarter. Cerity Partners LLC now owns 168,114 shares of the company’s stock valued at $21,319,000 after acquiring an additional 33,509 shares in the last quarter. Meridian Wealth Management LLC acquired a new position in Airbnb during the 3rd quarter valued at about $922,000. Finally, Edgewood Management LLC increased its holdings in Airbnb by 9.2% during the 3rd quarter. Edgewood Management LLC now owns 13,582,433 shares of the company’s stock worth $1,722,388,000 after purchasing an additional 1,143,464 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.