B. Riley Increases Airbnb (NASDAQ:ABNB) Price Target to $145.00

Airbnb (NASDAQ:ABNB) had its price target boosted by equities researchers at B. Riley from $131.00 to $145.00 in a report released on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. B. Riley’s target price suggests a potential downside of 10.17% from the company’s current price.

ABNB has been the subject of several other research reports. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Airbnb in a research note on Tuesday, February 4th. Phillip Securities reiterated a “reduce” rating and issued a $120.00 price objective on shares of Airbnb in a research report on Tuesday, November 12th. HSBC upgraded Airbnb from a “hold” rating to a “buy” rating in a research report on Friday. Truist Financial cut their price objective on Airbnb from $124.00 to $123.00 and set a “hold” rating for the company in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Airbnb in a research report on Friday. Five investment analysts have rated the stock with a sell rating, twenty have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.79.

Airbnb Stock Performance

Shares of Airbnb stock opened at $161.42 on Friday. The business’s 50 day moving average price is $133.49 and its 200 day moving average price is $130.11. The company has a market cap of $102.34 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.88 and a beta of 1.12. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.62 and a current ratio of 1.62. Airbnb has a one year low of $110.38 and a one year high of $170.10.

Airbnb (NASDAQ:ABNB) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.61 by $0.12. Airbnb had a return on equity of 32.88% and a net margin of 16.96%. On average, research analysts predict that Airbnb will post 3.97 EPS for the current year.

Insider Activity

In other Airbnb news, CEO Brian Chesky sold 190,301 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $140.51, for a total transaction of $26,739,193.51. Following the transaction, the chief executive officer now owns 12,231,685 shares in the company, valued at approximately $1,718,674,059.35. The trade was a 1.53 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Nathan Blecharczyk sold 9,603 shares of the stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $130.22, for a total value of $1,250,502.66. Following the completion of the transaction, the insider now owns 164,850 shares of the company’s stock, valued at $21,466,767. The trade was a 5.50 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,608,005 shares of company stock valued at $214,394,023. Insiders own 27.83% of the company’s stock.

Institutional Trading of Airbnb

A number of institutional investors have recently added to or reduced their stakes in the stock. Edgewood Management LLC raised its holdings in Airbnb by 9.2% during the third 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of Airbnb by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,472,559 shares of the company’s stock worth $1,244,514,000 after purchasing an additional 72,991 shares during the last quarter. Clearbridge Investments LLC boosted its position in Airbnb by 147.3% during the fourth quarter. Clearbridge Investments LLC now owns 4,349,026 shares of the company’s stock worth $571,505,000 after acquiring an additional 2,590,475 shares during the last quarter. Northern Trust Corp grew its position in shares of Airbnb by 8.4% in the fourth quarter. Northern Trust Corp now owns 4,296,835 shares of the company’s stock valued at $564,647,000 after purchasing an additional 331,607 shares during the period. Finally, Pacer Advisors Inc. grew its holdings in Airbnb by 6,085.6% in the 3rd quarter. Pacer Advisors Inc. now owns 4,241,557 shares of the company’s stock valued at $537,872,000 after buying an additional 4,172,985 shares during the period. Hedge funds and other institutional investors own 80.76% of the company’s stock.

About Airbnb

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.